Nation’s Top Mortgage Lender Takes Loan Servicing In House To Win Even More Business
2 Articles
2 Articles
Nation’s Top Mortgage Lender Takes Loan Servicing In House To Win Even More Business
The mortgage landscape is changing fast, with the two biggest players making major moves to increase their market share even more. Today, top mortgage lender UWM announced it was shifting to in-house loan servicing, a strategic change designed to recapture more repeat business for its vast mortgage broker network. The company is already the #1 mortgage lender by a wide margin, but perhaps to fend off its crosstown rival Rocket, it’s getting proa…
UWM brings mortgage servicing in-house, partners with ICE
United Wholesale Mortgage (UWM) is taking its mortgage servicing operations in-house, following the decision to end its relationship with Mr. Cooper Group in the wake of the latter’s $9.4 billion deal to sell to rival Rocket Mortgage. The Pontiac, Michigan-based wholesale lender also announced it has selected ICE Mortgage Technology’s MSP loan servicing system as its servicing platform, with a strategic focus on boosting recapture and referral b…
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