Rocket alleges UWM used broker incentives and AI-powered tools to solicit refinances
The all-stock deal to acquire parent of RoundPoint Mortgage Servicing would nearly double UWM's servicing portfolio to $400B, if it closes as expected in Q2 2026
Mia, a generative AI loan officer assistant that UWM rolled out in May, has made more than 400,000 calls — often to alert past clients they can refinance their mortgage at lower rates
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
Rocket Mortgage and UWM are counting on AI to help them scale their businesses as mortgage rates fall. Executives at small- and mid-size lenders say they don't want to be left behind
While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
Loopholes in new law mean credit bureaus will still be able to sell applicants' information to their current lender, servicer or bank — a boon for lenders who also service their own loans
Inman celebrates 149 mortgage and finance professionals setting the bar higher in leadership, innovation and commitment to excellence
Nation's largest lender reboots 1% down loans that cover up to $7K of the homebuyer's down payment when financing a purchase with a loan backed by Fannie Mae or Freddie Mac
Executives put a positive spin on prospects for growth, with loan origination volume up 17% from a year ago to $32.4B, with refi boom helping drive 5% increase in revenue to $613.4M
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242B loan servicing portfolio in-house, boost repeat business and referrals
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
Although it doesn't work directly with consumers, this year UWM has rolled out AI tools to help mortgage brokers serve both homebuyers and homeowners who might benefit from refinancing
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows