United Wholesale Mortgage ultimatum hurts brokers and consumers alike nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Battle between Rocket, UWM rattles brokers, but competitors see an opportunity in skirmish
The ultimatum has put a spotlight on the divide in the mortgage industry
One independent broker says the point of being a broker is to give our customers choice
Crain s Detroit Business collage from Bloomberg, NYSE, Crain images
United Wholesale Mortgage Corp. headquarters in Pontiac (clockwise, from top left); Mat Ishbia, president and CEO of United Wholesale Mortage; Rocket Companies sign on Woodward in Detroit; and Dan Gilbert, founder of Rocket Mortgage.
The line in the sand for the booming mortgage sector has been drawn by Mat Ishbia, but for some in the industry, the decision of which side to take is fraught.