UWM Partners with Bilt to Enhance Mortgage Servicing
United Wholesale Mortgage (UWM) has partnered with loyalty platform Bilt to retain mortgage servicing rights, offering rewards for on-time payments and enhancing broker-borrower relationships.
According to CEO Mat Ishbia, this partnership underscores his vision for the company's servicing portfolio since bringing these operations in-house. Traditionally a seller of mortgage servicing rights (MSRs), the lender may now be more focused on retaining these assets.
Our model of selling servicing as often might not be what we do going forward
Ishbia said in an interview with HousingWire, highlighting the company's shift in strategy. With nearly a million consumers and 40,000 to 50,000 mortgages per month, UWM aims to provide a seamless experience through the UWM-Bilt platform.
- UWM partners with Bilt to retain mortgage servicing rights
- Offers rewards for on-time payments and enhances broker-borrower relationships
- Shift in strategy from selling mortgage servicing rights to retaining them
Author's summary: UWM partners with Bilt to enhance mortgage servicing and retain rights.
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