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UWM announces Bolt underwriting system for brokers

United Wholesale Mortgage announced several new initiatives at the AIME Fuse conference on Saturday. In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

Available first for conventional loans, Bolt will sort the data from a loan file, validate the information, provide income verification, split out the documents needed and print an initial approval in 15 minutes or less, Ishbia said.

“Every day that a loan sits out there, the likelihood details ⇒

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