General World News

UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. 

The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.”

“As a result, a broker will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling details ⇒

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