BREAKING: United Wholesale tells brokers to stop working with Quicken and Fairway
Mat Ishbia, the CEO of United Wholesale announced on Facebook Live last night that brokers who work with them should stop working with Quicken Loans and Fairway Independent.
“If you work and send loans to Fairway Independent or Rocket Mortgage, which by the way is about 25% of the brokerage channel, if you work with them, you can't work with UWM,” said Ishbia during the Facebook Live event.
“I can't stop you but I'm not going to help you, help the people that are hurting the broker channel,” he added. “We don't need to fund Fairway Independent or Rocket Mortgage to try to put brokers out of business.”
Read more about it here.
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