United Wholesale Mortgage

United Wholesale Mortgage

 3.5/5 (48 reviews)

Lock in your rate

Rates are expected to jump after the next Fed meeting

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Overall Rating3.5 out of 5
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About United Wholesale Mortgage

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

United Wholesale Mortgage (NMLS # 3038) is a wholesale lender that issues loans exclusively through its mortgage broker partners. UWM credits its market share and growth to strong relationships with its broker partners, to which it offers training and support. UWM has established itself as an industry leader among wholesale mortgage brokers.

    Pros & Cons


    • Fast approvals and turn times
    • Direct access to underwriters
    • Up to 365-day rate lock


    • Only issues loans through brokers

    Bottom Line

    United Wholesale Mortgage has earned its reputation as a longstanding industry leader. Obtaining a loan through a mortgage broker partnered with UWM can be a solid choice for the average borrower.

    Top United Wholesale Mortgage Reviews

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    We refinanced at 1.99% with this company. I would highly recommend this mortgage lender for several reasons. Their website is clear and concise and runs very smoothly. I can find ...

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    Everything went well during the close. … We had to learn how to make an auto draft payment from our bank. Additionally, the website portal was not created to fit our name. ... The...

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    On the “Price a Loan” link on its website, UWM offers a section dedicated to UWM rates. However, when you click through, you're met with a request to join UWM’s mortgage broker network.

    The best way to learn about UWM’s wholesale mortgage rates is to contact the company directly. You can do this by emailing or calling.

    Application process

    When applying for a loan with UWM, you must go through one of its mortgage broker partners. Working with a broker is not an uncommon way to get a mortgage, but it does mean the quality of the experience may vary based on the broker you work with.

    UWM speaks highly of its brokers and emphasizes the broker training it offers. UWM appears to be a tech-forward lender, and it offers its brokers a quoting platform called Blink+. The platform lets brokers run credit checks, issue e-sign documents, verify assets and track the status of the loan. But how proficient your particular broker will be in utilizing the platform and its capabilities may vary — if you have a tech-savvy broker, you'll likely have a tech-focused experience.

    Loan types

    UWM offers several loan types through its broker partners, but you should note that all brokers in its network don’t offer all products mentioned. The loan types you’re likely to find generally have terms of 10, 15, 20 or 30 years and include:

    • Conventional mortgages
    • FHA loans
    • VA loans
    • Jumbo loans


    UWM originates loans for both purchase and refinance loans. Its refinance loans include both rate-and-term refinances and cash-out refinances. You might consider refinancing if you can qualify for a lower rate or you need to lower your monthly payment — or if you need to get cash out of your home equity.


    You’ll need to meet several requirements to qualify for a home loan, with eligibility criteria varying from one lender to the next. Lenders typically look at your credit score, debt-to-income (DTI) ratio and employment history. These factors will determine not just if you can qualify, but also how much house you can afford.

    UWM does not publish its borrower eligibility requirements online, so you will need to speak with a broker to learn more.

    National mortgage requirements by type

    Min. credit scoreMin. down paymentCompare with other lenders
    Conventional Typically 620 Typically 3% Mortgage lenders
    FHA 500 3.5% with 580 credit score FHA lenders
    VA Set by lender (often 580) 0% VA lenders
    USDA Set by lender (often 640) 0% USDA lenders

    Cost and fees

    When taking out a mortgage loan, you will have various costs and fees, including closing costs. Lenders must provide a Loan Estimate after you apply; this form shows you estimated charges associated with your loan.

    UWM advises borrowers to speak with its mortgage broker for more information on costs and fees.


    How does United Wholesale Mortgage work?

    United Wholesale Mortgage works as a wholesaler to mortgage brokers. This means it works directly with brokers to provide home loans to borrowers.

    Is United Wholesale Mortgage legit?

    United Wholesale Mortgage, founded in 1986, is a legitimate wholesale mortgage lender. It is one of the largest wholesale mortgage lenders in the U.S. Its parent company, UWM Holdings Corporation, is a publicly traded company on the New York Stock Exchange.

    Where is United Wholesale Mortgage available?

    United Wholesale Mortgage originates loans in all 50 states and Washington, D.C.

    United Wholesale Mortgage Reviews

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    Page 1 Reviews 0 - 10
    Verified Reviewer
    Original review: May 24, 2023

    This company is a criminal organization. They are sitting on almost $200,000 from hurricane Ian proceeds from our insurance company and won’t cooperate with repairs. We’re pretty sure they’re sweeping people's insurance money. We had to take money out of our 401k and pay taxes on it while they were and still are sitting on our money.

    We need new windows, a new front door and a new screened pool cage among other things and we can’t get them to give us our money. It’s always in review for months! We will need to take more money out of our 401k to get repairs before the next storm comes since our roof leaked while waiting for them to reimburse us for money we paid out of pocket for a new roof. We’ve had to harass our insurance company to pay what they owe and then fight with UWM! We will be suing them and they can pay for our lawyer's fees and taxes on our 401k! Please find out who is buying your mortgage so you can avoid this criminal organization!

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    Verified Reviewer
    Original review: May 4, 2023

    This was my first payoff experience and did not go very well. The instructions for payoff are very confusing, online & on-call customer support was also very poor. This resulted in my wire transfer failing. They told there is 16 days grace to pay off. It took few days for me to resend wire which finally went through fine. But still they charged late fees & with continuous follow-up also did not give good support and consideration even being a very good borrower. Not sure what they do to those really missing or delaying payment due to issues.

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      Verified Reviewer
      Original review: Jan. 27, 2023

      Everything went well at first. Closing went well and communication was always fine. Then my first tax bill came and I called UWM to see how that would work. I was told “if UWM ever misses a tax payment, we will pay the late fee.” I wrote down this quote when he told it to me. What he apparently meant to say was “any regular tax payment, the supplemental is a different case.” So when the supplemental tax bill came in, I didn’t call UWM only because of the conversation I had with the rep. Then we were delinquent and hit with a late fee. UWM wouldn’t pay the late fee and they wouldn’t meet me in the middle for a compromise, even after I said that I wouldn’t be able to recommend them to anyone if they didn’t.

      After all, I ignored the tax bill based on what UWM told me. UWM doesn’t care. Also our mortgage needed to be adjusted after taxes changed in our area. I had to do the online chat (there’s currently no way to talk to a human on the phone) five times and always received a different answer about the adjustment of our mortgage amount. I actually began taking screenshots if I needed to report them. Overall, yes they gave us a good rate. But I generally don’t give my money to companies who don’t care about their customers' happiness. I do not recommend them.

      2 people found this review helpful
      Verified Reviewer
      Original review: Jan. 25, 2023

      The United Wholesale Mortgage escrow (UWM) calculated the wrong property tax amount. They collected double what they should collect, which led to my mortgage payment increased more than a thousand a month. On the hand, I found out UWM didn't pay my property tax because the County tax collector sent me a bill with a penalty. I had to pay using my own money, which led to short money in the bank. I contacted UWM and told them I had just paid the 9 thousand dollars in property tax and didn't have enough money to payment+increased escrow, and I asked them to use escrow money to pay my mortgage payment (extra 9 thousand in escrow).

      They denied it and charged a late fee, and report delinquency to the bureau. I don't trust UWM escrow anymore, and I asked UWM to terminate the escrow. They also denied it again due to a delinquency event which caused by UWM. Thanks to UWM, I had to pay the late fee, and it ruined my credit.

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      Verified Reviewer
      Original review: Dec. 3, 2022

      I have been making biweekly payments to them for months. All of a sudden, it says 3 of those payments were reversed. I checked my bank accounts and the payments were made. When I call, I get transferred around from rep to rep until finally someone says their manager will call me back in 24 hours. They NEVER call. This has been going on for over a month. It now says I am 3 months behind in payments and is affecting my credit score, but I can't even talk to anyone about it.

      5 people found this review helpful
      Verified Reviewer
      Original review: Nov. 12, 2022

      I have bought my house just 3 months ago. UWM has the worst service to collect money. They will delay collecting payment to an unreasonable time. When I'm talking about delays it can be over 3 weeks. Finally after 40 dollars fine for two failed transactions I cancelled auto payment and called UWM agent. She was awfully rude and stated, "Fine, fees cannot be refunded," or I shall mail some documents. I have two to 3 jobs daily and have luxury to invest time like that. I paid the fine and made payment on 7th of this month. I asked, "How long will it take the money to be transferred?" She said 72 hours. Today it's Sat the 12th and money still has not transferred from my bank.

      I did mention to the customer care lady that I'm not happy with their service but she did not care. She sounded unhappy whilst doing her job actually. I am happy with PHH Mortgage for my other house and I shall in near future get rid of UWM and switch with PHH. I have experienced enough frustration caused by this mortgage company.

      3 people found this review helpful
      Verified Reviewer
      Original review: Oct. 12, 2022

      United Wholesale Mortgage is completely unresponsive to the customer service needs. I have (2) mortgages with them that were completed in tandem and one has been an utter nightmare. Their customer service, like much of the world today, is completely outsourced to homeworkers that can only give stock answers and every time you call, you get a different person and it is a different answer for the same issue!! There is no supervisory control, training or a follow-up response team to provide much-needed service. You cannot get the person’s full name or return phone “in case you get disconnected” so when it DOES happen, or you are transferred or need to call back, you have to repeat the entire saga each time. They verify all your information so that they can call back and it never happens. I could go on about months and weeks of trying to sort out an issue and it just goes in circles.

      Escrow has also been a nightmare, apparently done incorrectly by their affiliate East Lake Mortgage Company. I have had to pay up deficiencies and lack of ANY escrow on one and I continue to get letters stating it is still deficient!?! UGH. God forbid you have to request something in writing – their responses in the document center are very snarky and if you have to FAX the research team or complaint department…NO RESPONSE. I now get anxiety whenever I need to speak with UWM and would do just about anything to remove my mortgages from their service.

      2 people found this review helpful
      Verified Reviewer
      Original review: Aug. 8, 2022

      We refinanced with United Wholesale Mortgage about about 9 months ago. Since then, we we needed to use our homeowners insurance due to a very large hailstorm that went through the area in May. We immediately contacted our homeowners insurance (USAA) and they explained that the insurance check must be signed by both mortgage and homeowners. We then contacted UWM and we discovered that United Wholesale Mortgage stipulates it will only release $40,000 to do repairs at a time, and the owner is responsible for funding inspections of work at 25% and 75% completion of all of the work. Each inspection costs roughly $300. Our total repairs are estimated at roughly $60,000. We were told during our initial conversation with a UWM rep to supply United Wholesale Mortgage with a letter and estimates explaining why additional funds above $40,000 was needed to be released for immediate funding of these repairs.

      We supplied United Wholesale Mortgage with estimates for fence paint and repair, a new roof, window repair, and solar panel removal and reinstallation. We crafted and included a letter. We have been denied full funding after being lead to believe that this information would be sufficient. It is difficult to speak with anyone associated with funding denial. Reps do not willingly pass clients along to supervisors. Needless to say, it's August, our work is due to begin and we do not have all the necessary funds. Use this as a cautionary tale to double check with your mortgage company on their policies of funding repairs to your home. We would be less bothered by this if several neighbors have not had similar repairs done recently without the hassle of getting funds released from their mortgage companies.

      5 people found this review helpful
      Verified Reviewer
      Original review: March 15, 2022

      We started our loan process two months ago. We have OUTSTANDING credit. It was an easy acceptance. It's when it came to their responsibilities that working with them became costly. We have had all the paperwork ready for closing. All but the appraisal. That was ordered two months ago as well. When the company failed to produce the appraisal on the due date, United Wholesale Mortgage waited THREE WEEKS to order another one. By this time our locked in rate ran out so we had to pay $1,500 to extend it.

      THEN when they couldn't find another appraiser within that time, we had to extend it yet again. This time costing us an additional $5,000. to extend it. By broker who was working with them just shrugged his shoulders and said it was out of his control and that the lender said I could just walk away and go with a higher interest rate. They just didn't care that it was their mistake to begin with that cost me all this extra money. This is what happens when you work with a big bank like this. They are making so much money they just don't care. I have had many other mortgages and always worked with small banks. You were a name and person to them. They had skin in the game and worked hard for you. United Wholesale Mortgage is the complete opposite. What do they care if they made a mistake and it cost you?

      8 people found this review helpful
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      Verified Reviewer
      Original review: July 28, 2021

      We refinanced at 1.99% with this company. I would highly recommend this mortgage lender for several reasons. Their website is clear and concise and runs very smoothly. I can find the information I need (I track my mortgage) in a hurry. The website shows detailed information regarding where your payment dollars go. You can pre-schedule payments which is also nice. Communication thru USPS is also concise and timely. Highly recommend.

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        United Wholesale Mortgage Company Information

        Company Name:
        United Wholesale Mortgage