Dateline: Troy, Michigan (TROY, Mich.) | Fri, 25 Oct 2013
freeNewsArticles Story Summary: “United Wholesale Mortgage, the fourth largest wholesale mortgage lender in the U.S., today announced that it has custom developed an Income Calculator for brokers to accurately determine a borrower’s wages on the 1003 application.”
ARTICLE:
United Wholesale Mortgage (UWM), the fourth largest wholesale mortgage lender in the U.S., today announced that it has custom developed an Income Calculator for brokers to accurately determine a borrower’s wages on the 1003 application.
UWM’s proprietary Income Calculator resides within its broker portal, EASE (Easiest Application System Ever), where it can be accessed and utilized by approved brokers. The Income Calculator is the same tool that is used by UWM’s underwriters to correctly calculate borrower income. As a result, accuracy and efficiency is ensured, discrepancies are reduced, the process is sped up, and brokers are able to better and more quickly service borrowers.
The Income Calculator works by UWM’s brokers simply logging on to EASE, uploading the 1003, and clicking a button to return the results. Brokers can then save the results for underwriting to review. In addition, brokers are able to access UWM’s Income Calculator via smartphones and tablets.
“Our development of this new tool for brokers to quickly calculate income was done to help further position them as experts in lending to their customers,” said Mat Ishbia, president of UWM. “The Income Calculator is the same tool used by UWM underwriters. By sharing it with our clients, they in turn become income experts. We’re constantly innovating and arriving at new tools and services to help make our brokers as successful as possible. The Income Calculator is yet another component that has been added to our arsenal of solutions that we offer at no cost to our clients.”
Ishbia added: “One of the biggest issues that brokers face is whether underwriting will arrive at the same income calculation that the broker does. With our development of the Income Calculator, however, we have completely eliminated this issue since both the broker and the underwriter’s calculations will mirror one another. It just makes getting deals done faster and easier.”
Interested brokers can learn more about UWM’s new Income Calculator by contacting their account executive at 800-981-8898.
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 customer service has resulted in continued success and growth that has spawned expansion.
For more information, visit http://www.uwm.com/ .
###
Copyright © 2013 by United Wholesale Mortgage and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Web Image (72dpi): https://www.send2press.com/mediaboom/13-1025-mat-ishbia_400x300.jpg
• Media Contact Information: https://www.send2press.com/mediadrome/2013-10-1025-001.txt
• Story Title: United Wholesale Mortgage Makes Income Calculator Available for its Brokers
• REFERENCE KEYWORDS/TERMS: Mat Ishbia, Troy, Michigan, broker portal, Banking and Finance, Finance, Computing, TROY, Mich..
IMPORTANT NOTICE: some content which is considered “old” or “archival” may reference an event which has already occurred; some content possibly considered “advertorial” may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (United Wholesale Mortgage); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 25 Oct 2013 19:19:28 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.
NEWS SOURCE: United Wholesale Mortgage :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.