Media Alert: Brokers No Longer Need to Work With a Title Company — UWM Handles It All With TRAC+
May 16, 2024 at 06:47 pm
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Media Alert: Brokers No Longer Need to Work With a Title Company - UWM Handles It All With TRAC+
UWM to manage title review, closing and disbursement with expanded service
Pontiac, May 16, 2024 - United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, unveiled TRAC+ at UWM LIVE!, the largest mortgage broker event of the year. This new service builds on the groundbreaking process introduced with TRAC, which UWM launched in October 2022.
With TRAC+, UWM can now handle everything throughout title review, closing and disbursement. As a result, a broker will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication when they use TRAC+.
With TRAC pricing incentives applied based on loan amount, a flat TRAC+ fee of $1,850 with no additional settlement agent fees, brokers will be able to save borrowers thousands of dollars and provide a simplified process that is streamlined through UWM. This new service can be used on conventional, FHA and VA refinances that are TRAC+ eligible and utilize Virtual Close within UWM's UClose 3.0 platform.
Additional details on this exclusive offering, including eligibility requirements can be found here.
UWM supports independent mortgage brokers with industry-leading training, technology and service. For more information on how to sign up as a broker with UWM, visit uwm.com.
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UWM Holdings Corporation published this content on
16 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 May 2024 17:46:01 UTC.
UWM Holdings Corporation is a residential mortgage lender in the United States, by closed loan volume, despite originating loans through the wholesale channel. It originates primarily conforming and government loans across all 50 states and the District of Columbia. The Company is focused on the wholesale channel and has resulted in relationships with over 13,000 independent broker businesses throughout the United States, with over 53,000 associated loan officers, of which approximately 35,000 have submitted a loan to the Company. It also focuses primarily on originating conventional, agency-eligible loans that can be sold to Fannie Mae, Freddie Mac or transferred to Ginnie Mae pools for sale in the secondary market. Utilizing its proprietary system, Easiest Application System Ever (EASE), it is focused on client service, and loan quality throughout the entire loan origination, underwriting and closing processes.
UWM HOLDINGS CORPORATION 
