United Wholesale Mortgage (UWM) has launched a new Jumbo Elite program that it says will enable mortgage brokers to offer their borrowers one of the easiest jumbo processes – along with highly competitive rates.
Rates associated with the program offer brokers significantly improved pricing compared with the industry average, UWM says in a release.
“In such a competitive market, brokers can now look forward to offering their clients extremely competitive jumbo pricing that levels the playing field with larger banks,” says Mat Ishbia, president and CEO of UWM. “We’ve really upped the ante for brokers in the jumbo lending space. Brokers can now attract more jumbo clients with incredible pricing and the industry’s fastest turn times.”
Brokers will enjoy transparent guidelines and direct communication with their underwriter throughout the entire loan process.
Highlights of UWM’s Jumbo Elite program include loan amounts up to $2 million; exclusive rate incentives for borrowers with FICO scores above 740; eligibility for primary and second homes; adjustable- and fixed-rate options available; and closings in 25 days or less.
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