New enhancement instantly selects the strongest qualifying score, unlocking better pricing opportunities for borrowers and a simpler process for brokers

UWM, the #1 mortgage lender in America, is making credit evaluations smarter, simpler and more borrower-friendly with a major enhancement that automatically selects the best credit score returned for a consumer by obtaining FICO^® Scores and VantageScore^® 4.0 on all credit pulls. This will ensure UWM provides the borrower with the lowest payment, cheaper mortgage insurance and lower all-in fees and costs, providing a more affordable mortgage for consumers. In fact, early research shows pulling all scores could save many borrowers thousands.

This is a huge benefit for consumers. Rather than pursuing only short-term cost savings, UWM has made the deliberate choice to leverage every available tool and innovation to help consumers secure the best deal possible. And brokers no longer need to navigate the nuances between scoring models because UWM now defaults to the strongest qualifying score available, helping borrowers receive the best possible outcome and maximize opportunities while creating a faster, more seamless experience for brokers.

Federal Housing Finance Agency Director Bill Pulte and the FHFA’s approach to driving competition in credit scoring by supporting multiple credit models, including the potential of a third model with FICO Score 10T, has had a positive impact on consumers, ultimately driving costs down. UWM will continue to embrace competition like this that benefits American consumers while working with FHFA and the GSEs to drive mortgage costs down further.

“Our goal is simple: put borrowers in the best possible position while making it easier for brokers to do business,” said Mat Ishbia, President and CEO of UWM. “No one should have to worry about which credit model wins. We handle that automatically by obtaining FICO and Vantage on all credit pulls to help consumers save more money and improve affordability, empowering brokers to close more loans and further strengthening UWM’s position as the mortgage industry leader in delivering innovation, value and better outcomes for brokers and borrowers alike.”

The enhancement reflects UWM’s ongoing commitment to innovation, removing friction from the mortgage process and creating more opportunities and a better experience for both borrowers and brokers.

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 or join UWM’s network, visit uwm.com.

About UWM Holdings Corporation and United Wholesale Mortgage

Headquartered in Pontiac, Michigan, UWM Holdings Corporation (UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC (“UWM”). UWM is the nation’s largest home mortgage lender, despite exclusively originating mortgage loans through the wholesale channel. UWM has been the largest wholesale mortgage lender for 11 consecutive years and is also the largest purchase lender in the nation. With a culture of continuous innovation of technology and enhanced client experience, UWM leads the market by building upon its proprietary and exclusively licensed technology platforms, superior service and focused partnership with the independent mortgage broker community. UWM originates primarily conforming and government loans across all 50 states and the District of Columbia. For more information, visit uwm.com or call 800-981-8898. NMLS #3038.

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