eNewsChannels: mortgage technology

TROY, Mich. /eNewsChannels/ — NEWS: United Wholesale Mortgage (UWM), one of the nation’s largest and fastest growing wholesale lenders, today announced that it officially launched a completely new loan origination system (LOS) that is loaded with features and tools for brokers and correspondents. The proprietary technology replaces UWM’s previous LOS and offers many benefits for its broker and correspondent partners.

UWM built the solution from the ground up using its in-house team of more than 150 IT professionals. The completely customized technology called EASE took almost a year to develop, test and implement, which UWM says is a testament to its unwavering commitment to excellence.

“Making it incredibly easy to partner with us is a huge focus at UWM,” stated Mat Ishbia, president and CEO at UWM. “We spent significant time and money to develop this technology, which was done exclusively to benefit our brokers and correspondents. We want to be the most service-focused wholesale lender in the country. Leveraging state-of-the-art technology is a big part of the value we deliver to our partners.”

EASE allows brokers to effortlessly use drag and drop technology throughout the site. This feature is used to deliver FNMA 3.2 files and other various documents, which auto populate into EASE’s proprietary product and pricing engine, Easy Qualifier (EQ), thus saving tremendous amounts of time. EQ qualifies and provides live pricing on multiple programs while simultaneously providing UWM’s brokers and correspondents with the ability to instantly give their borrowers the best possible options.

With the click of a button, the broker can select the product, MI and calculate the interest rate. They are empowered to pull DU(R) or LP(R) which instantly provides an automated underwriting decision. Pipeline management, date tracking and lock expiration alerts are also provided on an easy-to-read dashboard.

“We didn’t want to just purchase a commercially available loan origination system, as many of today’s systems fall short from the high expectations of UWM. We attempt to always deliver above and beyond technology and the only way to do that was to build it ourselves,” said Justin Glass, chief digital officer at UWM. “We feel that this is the most advanced mortgage-based technology solution and is head and shoulders above other wholesale lenders, giving our partners an unparalleled competitive advantage.”

Top new EASE functionality:
– Drag and drop documents for uploading
– Change of circumstance automation
– Pipeline alerts – expiring lock and problem upload notifications
– Drag and drop 3.2 files to auto fill out EQ scenario
– Simplified guideline platform – search all GSE’s, UWM overlays and UWM matrices at once.
– Pipeline filter and search functionality more robust

Top new EASE enhancements:
– Screens load faster than ever before
– Selecting a product, MI and interest rate are done with a click of a button
– All information within the 3.2 file carries over upon import
– Loan number is assigned much sooner in the process.
– Date tracking displayed on one easy-to-read page for all dates
– Auto assigning seller concessions will soon been added.

Along with the launch of EASE, UWM also concurrently rolled out a new corporate website to reflect its new branding identity, which places a strong emphasis on the company’s corporate culture that treats its clients as long-term, highly valued partners.

About United Wholesale Mortgage:

Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM’s positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion.

For more information, visit or call 800-981-8898.

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