United Wholesale Mortgage has filed a motion to dismiss a lawsuit filed by three independent mortgage brokers last year whom the lender accused of “churning.”

The Pontiac, Michigan-based wholesale mortgage lender filed a motion this week saying that the three named brokers – Rishi Bhasin, Anne James and Nelson Otero – were among the 75 brokers it found to be abusing an early pay off provision (EPO) to bank more commissions.

“In 2020, UWM became concerned the EPO period was not effectively curbing the potential for churning,” Miller Law Firm PC wrote on behalf of details ⇒

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