United Wholesale Mortgage (UWM) will officially go public later this year at a whopping $16.1 billion valuation. D&V Home Mortgage has partnered with United Wholesale Mortgage since we opened in 2015 and we are extremely excited to be one of their broker partners. United Wholesale Mortgage is the largest player in the U.S. wholesale mortgage market operating solely in the wholesale space. What this means is that they are a lender who only servicers brokers and does not participate in retail lending directly to the customer. UWM likes the broker model because it allows them to control their customer acquisition costs and reduces their vulnerability in a cyclical mortgage market. In 2019, the company’s share of the mortgage market was 4.6%. This number is expected to rise to 6.7% in 2020 and is projected to reach 9.2% by 2022.
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