Aug. 22 at 5:58 PM
$UWMC $RKT $LDI $COOP this is going to fly sooner or later. UWMC is poised to handle any demand sent their way during a rate cut environment and therefor a subsequential mortgage boom. Remember when everyone else was cutting staff and UWMC was hiring? Yeah, that's so UWMC can dominate when the pace picks up. Just the other day I remember reading about competing lenders bragging about their time to close. Sure, your time to close has come down now when business is slow. What will your time to close be when the market picks back up because UWMC has always had one of, if not the fastest time to close. While your time to close goes back up to 30 days ours will stay at 17 days like it always has been. With AI we'll probably get it to 15 days or less and with the brokers in our channel UWMC will be closing twice as many loans as anyone else. We'll be the number #1 mortgage company by a country mile while everyone else is going to be trying to hire and train new employees to try and catch us.
