10 Things You Didn’t Know about United Wholesale Mortgage

United Wholesale Mortgage is one of the biggest mortgage lenders in the United States. As a result, people with an interest in real estate matters for whatever reason should be informed about it because in this as in other things, information can help interested individuals make better choices when it comes to a wide range of issues. Here are 10 things that you may or may not have known about United Wholesale Mortgage:

1. It Is a Wholly Owned Subsidiary

United Wholesale Mortgage is an excellent example of a wholly owned subsidiary. In short, this means that it is a corporation that is 100 percent owned by its parent corporation, which in the case of United Wholesale Mortgage, would be United Shore Financial Services LLC. Generally speaking, parent corporations can exercise more control over wholly owned subsidiaries than even other subsidiaries.

2. United Shore Is Located in Troy, MI

It is interesting to note that United Shore is located in Troy, MI, which is one of the northern suburbs of the Detroit metropolitan area. Said city is something of a commercial center as well as one of the best shopping destinations in the surrounding region, which have combined to make it a pleasant place to live.

3. United Shore Has Two Wholly Owned Subsidiaries

Speaking of which, United Share has not one but two wholly owned subsidiaries, which exist for the purpose of supporting it in fulfilling its business goals. Of course, one of those two subsidiaries would be United Wholesale Mortgage.

4. Focuses on Residential Properties

There are plenty of mortgage lenders that focus on various kinds of properties with various kinds of uses. However, United Wholesale Mortgage isn’t one of them. Instead, it is very much a specialist when it comes to residential properties.

5. It Is a Wholesale Mortgage Lender

Perhaps unsurprisingly, United Wholesale Mortgage is considered to be a wholesale mortgage lender. In practical terms, this means that home buyers don’t actually interact much with the mortgage lender on a direct basis. Instead, home buyers interact with their local mortgage brokers, who will point them in the direction of United Wholesale Mortgage’s products.

6. Major Player in the Market

On the whole, United Wholesale Mortgage is one of the biggest players in the U.S. market. For example, its own news release states that it is one of the top five mortgage originators in the country, which is no mean feat. In part, United Wholesale Mortgage has managed to become such a major presence in the market because it operates in all 50 states.

7. Offers a Wide Range of Products

However, some of United Wholesale Mortgage’s presence can be explained by its wide range of products as well. Simply put, it has one of the biggest selections of products in its chosen market, which even includes multiple products in the same loan categories. As a result, this selection enables United Wholesale Mortgage to target a much wider range of real estate consumers than otherwise possible because said individuals can have very different mortgage needs because of their very different circumstances.

8. Its Mortgage Rates Are Not Published for the Public to See Online

It isn’t uncommon for private lenders to refuse to publish their interest rates for the public to see online. Something that is particularly true for wholesale mortgage lenders, which don’t even interact with consumers on a direct basis. Suffice to say that United Wholesale Mortgage is not an exception to this rule.

9. Has Good Reviews

With that said, United Wholesale Mortgage does have good reviews on websites such as the Better Business Bureau, which is presumably one of the factors that has fueled its explosive growth. Interested individuals should note that a lot of these reviews come from the mortgage brokers that it works with, meaning that their perspective isn’t the same as that of real estate consumers.

10. Its Head Believes that Its Growth Is Vindication for Its Model

Recently, the President and CEO of United Wholesale Mortgage Mat Ishbia has stated that he believes that the corporation’s explosive growth is proof that its model of offering its products to interested individuals through mortgage brokers has worked out well. He believes that this is because real estate consumers want local expertise and experience with maximum convenience, which is what mortgage brokers can offer them.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Brain Computing
What are Brain Computer Interfaces and Can You Invest in Them?
men's health
20 Things You Didn’t Know About Numan
Itamar Sivan
10 Things You Didn’t Know about Itamar Sivan
Depop
20 Things You Didn’t Know about Depop
Enjin Coin
What is Enjin Coin and Is it a Good Investment?
credit card
What is a Soft Pull Credit Card?
NFT
A Simple Guide to NFTs and Buying Them
Snowflake Stock
Is Snowflake Stock a Solid Long Term Investment?
Chapel Hill
20 Awesome Romantic Getaways in North Carolina
South Carolina Lakes
The 10 Best Lakes to Visit in South Carolina
Lake Powell Utah
10 Lakes You Should Check Out in Utah
St. Augustine Lighthouse
10 Lighthouses You Should Check Out in Florida
A Closer Look at the Rossmonster Baja
2022 Polestar 2
A Closer Look at The 2022 Polestar 2
2021 Maserati Ghibli Trofeo
A Closer Look at The 2021 Maserati Ghibli Trofeo
2021 Hyundai i20 N
A Closer Look at The 2021 Hyundai i20 N
Fromanteel Chrono Blu Blue
The Five Best Fromanteel Watches Money Can Buy
Bell & Ross
A Closer Look at the Bell & Ross BR 05 GMT
Bohen Mille Mer
Everything You Need to Know About the Bohen Mille Mer Debut
Krayon Anywhere Watch
A Closer Look at the Krayon Anywhere Watch
Yelawolf
How Yelawolf Achieved a Net Worth of $4.5 Million
Christine Chiu
How Christine Chiu Achieved a Net Worth of $80 Million
Idina Menzel
How Idina Menzel Achieved a Net Worth of $16 Million
Sophia Bush
How Sophia Bush Achieved a Net Worth of $11 Million