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Volume 21 - Number 25

December 15, 2017

Some Lenders Plan Hiring Binges for 2018

When it comes to hiring, mortgage banking firms arenít quite sure what to make of the coming year, though some shops arenít shy about planning for growth. One firm thatís squarely in the optimism column is United Wholesale Mortgage, the nationís largest table-funder. The privately held nonbank currently employs 2,300 and hopes to add 450 next year as it tries to move up in the ranks. Mat Ishbia, president and CEO of UWM, told Inside Mortgage Trends the company is hiring in ...

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Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.


The wholesale/table funder. They’re taking the financial risk.


The broker, but only for the first year. After that, the borrower is fair game.


Hard to answer. It’s a complicated issue.