The move by United Wholesale Mortgage’s (UWM) parent company to acquire Two Harbors Investment Corp. for $1.3 billion — the first acquisition in its history — marks a shift towards a more balanced business model between origination and servicing for the nation’s top mortgage lender.

UWM will continue to focus on its broker channel, while a direct-to-consumer origination platform launched by Two in 2024 “will probably go away” if the deal closes. Employees would be given the opportunity to reallocate to other areas of the business, Blake Kolo, UWM’s chief business officer details ⇒

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