Market share in Q4 2023 reaches 24.3%, highest since 2009
Pontiac, Michigan, March 11, 2024–(BUSINESS WIRE)–United Wholesale Mortgage (UWM), the No. 1 mortgage lender across the United States, celebrates a significant jump in market share in the mortgage broker channel. According to recent data, it was 24.3% in the fourth quarter of 2023. Inside Mortgage Finance (IMF). The market share of mortgage brokers has been steadily rising for many years and has made significant progress in recent years. This is the highest intermediary market share since 2009. This track record further solidifies the mortgage broker as a trusted partner for borrowers and real estate agents nationwide.
“Mortgage broker market share reaching a 15-year high is not only an outstanding achievement, but a testament to the care, dedication and passion that brokers across the country put into putting their borrowers' needs first. “There is,” said Matt Ishbia, the company's president and CEO. U.W.M. “We are very proud of our focus on the wholesale channel because we always know that is what is best for our borrowers and loan originators.”
Additionally, this growth shows that consumer trust in mortgage brokers is returning, with 2021 HMDA data showing that consumers are more likely to work with a mortgage broker compared to a personal lender or bank. has been shown to save an average of $9,407 over the life of the loan. Consumers and real estate agents can visit MortgageMatchup.com to connect with local independent mortgage brokers.
By focusing on one channel, along with cutting-edge technology and a customer-centric approach, UWM has successfully established itself as the preferred choice among mortgage brokers. The company's commitment to providing superior service is coupled with significant investments in technology and innovation to ensure mortgage brokers remain at the forefront.
As the mortgage industry continues to evolve, UWM remains a leader in innovation and continues to adapt to changing conditions and market cycles. Through continued collaboration with mortgage brokers, UWM is dedicated to identifying emerging trends and developing customized solutions that meet the evolving needs of its customers and their borrowers.
About UWM Holdings, Inc. and United Wholesale Mortgage
UWM Holding Corporation (UWMC), headquartered in Pontiac, Michigan, is the publicly traded indirect parent company of United Wholesale Mortgage, LLC (“UWM”). UWM is the nation's largest mortgage lender, even though it offers mortgage loans exclusively through wholesale channels. UWM has been the largest wholesale mortgage lender for nine consecutive years and is also the nation's largest purchase lender. With a culture of continuous innovation in technology and enhanced customer experience, UWM is committed to building a proprietary and exclusively licensed technology platform, superior service, and focused partnerships with the independent mortgage broker community. leading the market in UWM primarily originates conforming loans and government loans across all 50 states and the District of Columbia. For more information, visit uwm.com or call 800-981-8898. NMLS #3038.
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