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.

20 Things You Didn’t Know about Revolut
10 Things You Didn’t Know About Ashutosh Garg
Saeju Jeong
10 Things You Didn’t Know About Saeju Jeong
What is a Neobroker and What Do They Do?
Greenlight Debit Card
20 Things You Did Not Know about Greenlight
NFT Market
The Top Five NFT Marketplaces Out Right Now
Activist Investors
What Exactly is Activist Investing?
Apple Products
Five Stocks That Most Billionaire Investors Own
A Traveler’s Guide to Hiking in Hong Kong
Darian
The 10 Richest Cities in Connecticut
Buffalo New York
A Traveler’s Guide to Hiking in Buffalo, NY
Rockridge
The 10 Best Places to Live in Oakland, CA
How the 2022 Ford F-150 Lightning Could be a Game Changer
Why Did Ford Stop Making The Crown Victoria?
Whatever Happened to the Pontiac Phoenix?
A Buyer’s Guide to Getting a Used Pontiac Chieftain
Hermes Klikti watch 17 x 16 mm
The Five Most Expensive Hermes Watches Money Can Buy
Louis Vuitton Tambour Daimer Cobalt Blue And Gold Chronograph 46
The Five Best Louis Vuitton Watches Money Can Buy
Chopard Alpine Eagle Ladies' Small
The Five Finest Gold Chopard Watches
Chopard
The Used Chopard Watch: A Buyer’s Guide
J. Willard Marriott and Wife
The 10 Richest Mormons in the World
Liam Payne
How Liam Payne Achieved a Net Worth of $70 Million
Mariah Carey
The 20 Richest R&B Singers of All-Time
Asian Doll
How Asian Doll Achieved a Net Worth of $1 Million