Applications Closing December 2022

HOMEOWNER RELIEF STIMULUS

Homeowners are advised to take advantage of a new Mortgage Stimulus Program before it’s gone. This is likely to be the largest benefit program American homeowners have seen.

This Stimulus Program is aimed to help average American citizens and stimulate the economy. Utilizing this new service could get homeowners $271 /mo* or $3,252* per year!

Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government-backed solution.

We recommend checking your eligibility as soon as possible before deadlines are announced or requirements are changed.

To see if you live in an active zip code, just click below.
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*https://www.forbes.com/advisor/refiroadmap/

¹ – http://www.fanniemae.com/resources/file/aboutus/media/HARP-Research-Report-030613.pdf

* – Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau)

Table of Contents

United Wholesale Mortgage Payment

United wholesale mortgage is a national wholesale mortgage lender and servicer offering direct, private loans to consumers and financial institutions. They specialize in residential home mortgages for buyers and servicers of single-family homes, multi-family properties, condos/townhomes, manufactured housing, and investment properties.

As a wholesale lender, United Wholesale Mortgage can offer rates that are much lower than those of banks and other traditional lenders. They have three different mortgage on hold programs they can provide you with 100% financing mortgages, 85% financing mortgages, and 80% financing mortgages. Each of these plans is designed to help you afford your dream home.

UWM is the wholesale division of United Wholesale Mortgage, LLC. UWM’s national network of correspondent lending partners features over thirty-eight wholesale divisions.

History and Operations

United Wholesale Mortgage was founded in July 2002 by Louis A. Meo, who served as President and CEO until January 2012, when he became Chairman of the Board. Before founding United Wholesale Mortgage, Mr. Meo was the President of AmeriFirst Home Mortgage Company, LLC from April 1997 until September 2001.

United stands out in an industry of big players because they are direct lenders— meaning not only are they one of the largest wholesale lending operations in the country but their customer base is made up of retail customers.
UWM’s correspondent divisions help it compete for borrowers whose loans need to be sold through the secondary market, including brokers and financial institutions. It does not change the terms of their loans or the borrower or homeowner experience at all.

Because United Wholesale Mortgage is a wholesale lender, they never lend directly to consumers or lend to consumers under any state or federal programs such as Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA), and others.

How to open a United Wholesale Mortgage account

Currently, UWM is not accepting new retail customers because its servicing portfolio has become too big to serve all the demand. However, you can still get started with United if you are a broker or financial institution by clicking here. If you are an independent originator who only wants to send loans through the secondary market, please email mortgagesolutions@unitedwm.com.

In order to get started, you will need to upload a few documents during the application process, which include:

  1. W2
  2. Government-issued ID
  3. Most recent pay stubs
  4. Your business license, if you have one
  5. A credit report from all three major bureaus that is dated within the last 30 days or a letter from your bank verifying all of your accounts and balances at those banks, as well as a copy of your driver’s license.

How to create an account and to log in to your account

To open a wholesale division account, please go to www.unitedwm.com and click on the tab that reads “Wholesale Division Accounts.” You will then be prompted to create an account by entering all required information (name, address, phone number).

Once you’ve created your wholesale division account, you can log in and select “Open an Account.” You can apply for a new wholesale division account by clicking on the tab that reads, “Open a New Account.”

You will be prompted to enter all required information and upload any necessary documents. Once you have created your account, you must wait to receive an email confirmation before continuing to access your newly established wholesale division account.

To open a wholesale division account, please go to www.unitedwm.com and click on the tab that reads “Wholesale Division Accounts.” You will then be prompted to create an account by entering all required information (name, address, phone number).

Once you’ve created your wholesale division account, you can log in and select “Open an Account.” You can apply for a new wholesale division account by clicking on the tab that reads, “Open a New Account.”

You will be prompted to enter all required information and upload any necessary documents. Once you have created your account, you must wait to receive an email confirmation before continuing to access your newly established wholesale division account.

Let’s say you have an account with a wholesale lender that does business with United Wholesale Mortgage. Suppose the company is already a lending partner of UWM. In that case, there is no additional paperwork required on your end to establish your company as a division within the United family as long as it remains current and in good standing as a lending partner.

It is also important to note that wholesale divisions are not separate companies. Wholesale divisions are simply subsidiaries of existing UWM partners, just as its correspondent divisions are subsidiaries of its wholesale division.

United wholesale mortgage loan types

These loan types typically include:

  1. Conforming loans, conventional mortgages, and jumbo loans up to $424,100 (higher in some regions)
  2. FHA Loans
  3. V.A. Loans for veterans and eligible spouses of deceased veterans who died as a result of service from any cause from September 16, 1940, through January 1, 1946, from April 25, 1952, through July 1, 1955, from August 5, 1964, through May 7, 1975, and those committed as POWs during any of these periods (and their spouses)
  4. UFMIP (U.S. Federal Mortgage Insurance Corporation) loans
  5. USDA Rural Development Guaranteed Housing Loans
  6. Fannie Mae HomeStyle Loans
  7. Freddie Mac Home Possible Advantage
  8. C-BASS Program (Community Based Alternative Secondary Mortgage Market Program) loans
  9. USDA Guaranteed Rural Housing Loans
  10. The Department of Veterans Affairs allows eligible veterans to finance up to 100% of their home’s value, with a required down payment of 25%.

United wholesale mortgage payment requirements

The requirements to pay your loan are simple. You can pay online via UWM’s website or call the company directly and make a payment over the phone by speaking with their customer service department.

When it comes time to make your payment, be sure to go back into your wholesale division account and log in using the email and password you originally used when you created the account.

At your wholesale division home page, click on “Make a Payment.” You will then be prompted to log in and reenter all required information before making your payment online via credit card or ACH (other bank transfers).

The rates and points on a wholesale division loan are the same as a correspondent loan. It means that your rate and fees will vary depending on your credit score, loan type, down payment amount, and geographical area.

Who qualifies for a wholesale division at United Wholesale Mortgage?

In most cases, you can qualify for a wholesale division if you currently have an active account with UWM. However, suppose you are a brand new company that is looking to work with United Wholesale Mortgage. In that case, you will need to go through the standard application process for wholesale division approval.

The benefit of opening your own division within UWM’s wholesale division is that it allows you to establish direct lines of communication between your wholesale division and your company, which will eliminate the need to go through a third party for basic questions regarding your loan.

United wholesale mortgage loan administration guidelines

Each United Wholesale Mortgage division within your company will have its own set of guidelines to follow. For example, your wholesale division may be required to maintain a minimum amount of capitalization, while another division may have higher requirements for acquiring new customers.

You must understand the overall UWM loan administration guidelines and the division-specific policies that your wholesale division must abide by.

United wholesale mortgage forbearance

If you cannot pay your loan because of unforeseen circumstances, you may qualify for forbearance. To apply for UWM’s forbearance program, you must contact customer service at (800) 280-0635 and speak with a member about repayment.

United Wholesale Mortgage is often referred to as the “most honest lender in America” due to its no-frills, hassle-free approach to lending. The company prides itself on providing detailed information and facts first approach that other lenders lack.

United Wholesale Mortgage customer care

United Wholesale Mortgage’s customer service department is available to help you at all times. Whether you are making an inquiry about your loan or have questions about how to pay your bill, UWM has a team of representatives standing by, ready to assist you with any questions or concerns.

Their contact information can be found below:

Wholesale Division Support Phone: 877-984-0496
Wholesale Division Fax: 866-968-0017
The company can also be reached via email at service@unitedwm.com

Newrez Wholesale

It is one of the largest independent wholesale mortgage lenders, with a nationwide presence across 48 states. Since 2010, they have been committed to providing our customers with exceptional rates and first-rate customer service regardless of their credit score or loan amount. Whether you need a land loan for a new build, bridge financing while your loan is being sold from another source, or a refinance loan, they can help.

Newrez wholesale division is known for its commitment to providing quality services 24/7, which means that even if you need assistance with a problem at 3 in the morning, they will be there to answer your questions and take care of any issues that may arise.

Newrez mortgage deferment

Regarding deferment and payment options, they recognize that everyone’s financial situation is different. For this reason, they offer several repayment plans and options to accommodate your needs. They also offer flexible interest rates and terms for all of our wholesale division loan refinance programs so that you can achieve the best possible terms for your loan.

The application process is fast and free, so there’s no need to worry about spending more money on fees and hidden charges. They will even prequalify you from the comfort of your own home, which means you won’t have to waste time making a trip into one of our offices if you don’t want to.

How do I apply for a wholesale division with Newrez Wholesale?

To apply for a wholesale division with Newrez Wholesale, fill out an online application and submit it to us. You will need to provide your company’s legal name, business address, phone number of the person working within your company that you would like to be contacted by their team.

The closing process is also simple since you’ll be able to handle everything online. All you have to do is sign the necessary documents and fax them back to us, which can easily be done through our website with ease. Once your loan is approved, it’s time to celebrate!

Newrez Mortgage Payment Plans

Newrez offers a variety of payment plans that can be customized to fit your needs and budget. It includes interest-only (I.O.), which gives you the option to pay just the interest for a set time, such as 4-5 years; or amortizing loans with terms ranging from 3-30 years; or even balloon loans, which lets you pay off your loan in 5-10 years, all without having to provide documentation.

They also offer several interest rate options, which range from 2.99%-8.49%. It makes it possible for you to get the exact terms that are best for your business, whether you have a strong credit score or not.

Newrez mortgage forbearance

Newrez Wholesale is known for its customer service and will work with you until they find the perfect payment plan to fit your needs. They want to make sure that you can help keep your business running smoothly, so they work hard each day to provide you with the best terms and rates in the industry. With forbearance, you can make reduced payments until your business recovers.

Newrez Mortgage Refinancing

If your current loan is at a higher interest rate, refinancing with Newrez may be the best option for you. They will gladly review your options to see which refinance plan works best for you and put an end to those high monthly payments forever. Refinancing your home loan is an effective way to save money and avoid unnecessary fees each month.

Newrez wholesale division customer support

Our staff can assist you with all your questions and concerns while under our company umbrella.
Newrez wholesale division encourages clients to “Be the best version of yourself.”
To reach Newrez Wholesale: (866) 459-6227; fax: (406) 285-0832; email loans@newrezwholesale.com

Rez mortgage

It is important to note that this form of financing is designed for people who cannot qualify for traditional bank financing. Depending on the value of your home, you can apply for up to 125% financing (more than what your house is worth). Interest rates range from 6-12%, and your payment terms will be determined based on your creditworthiness.

This process is fast and free, so there’s no need to worry about spending more money on fees and hidden charges. The application process is simple since you’ll be able to fill it out online, and your loan will usually be approved within 24 hours.

Conclusion

When it comes to United Wholesale Mortgage, you can expect many options for loan products and repayment plans. While the terms, rates, and fees may vary slightly from one client to another, what’s important is that they will work with you until they find a plan that works for your unique situation. With their efficient services and streamlined application process, refinancing is easy and convenient.