United Wholesale Mortgage Launches UClose to Enable Quick and Easy Same-Day Loan Closings

Aug 06, 2015, 09:04 ET from United Wholesale Mortgage

TROY, Mich., Aug. 6, 2015 /PRNewswire/ -- United Wholesale Mortgage (UWM), one of the nation's largest and fastest-growing wholesale lenders, has announced the release of UClose, an industry-leading tool that will allow mortgage brokers to close their loans within an hour of receiving their clear to close.

This exclusive online tool will revolutionize the way brokers and correspondents close loans, as they will be taking control of the closing process, generating closing documents and scheduling the closing directly with their title company.

"UClose will give brokers complete control over the closing process, enabling them to take borrowers from clear-to-close to closing in just six clicks," said Mat Ishbia, president and CEO of United Wholesale Mortgage. "It's very important for realtors and borrowers to get to the closing table as quickly as possible, especially in a purchase market. We've created UClose so our brokers can get their clients to the closing table faster and more efficient than any other lender, and will always be the top choice of realtors."

UClose was built strategically to comply with the upcoming TILA-RESPA Integrated Disclosure Rule (TRID), offering an even stronger advantage for brokers and correspondents when TRID goes into effect in October.

Recognized for its efforts, UWM was awarded the 2014 Online Originator Award by Mortgage Technology magazine. The launch of UClose continues UWM's consistent push to deliver innovative, value-added technology to its partners.  This latest tool follows the January release of UWM's custom loan origination system, EASE (Easiest Application System Ever), and the enhancement of UTrack, which enables brokers and correspondents to provide borrowers and real estate agents with real-time access to track their purchase and refinance loans from submission through closing.

"UWM is committed to developing cutting-edge technology to make the loan closing process faster, easier and more efficient for brokers and correspondents," Ishbia said.

Interested parties can learn more about UWM's UClose program by contacting the company at 800-981-8898 or by visiting www.uwm.com

About United Wholesale Mortgage

Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) is the nation's top wholesale lender, providing state-of-the-art technology and unrivaled client service to the industry's leading account executives. Known for its highly efficient, accurate and expeditious lending support, UWM underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, correspondents, small banks and local credit unions. UWM's exceptional teamwork and laser-like focus on delivering innovative mortgage solutions are driving the company's ongoing growth and its leadership position as the foremost advocate for mortgage brokers. For more information, visit www.uwm.com or call 800-981-8898.

Barbara Yolles, Chief Strategy Officer  
byolles@unitedshore.com p 855.888.8737 ext. 4496   
1414 East Maple Road Troy, Michigan 48083  

SOURCE United Wholesale Mortgage