What do the next 15-18 months look like for the broker channel? According to United Wholesale Mortgage (UWM) CEO Mat Ishbia, who rallied brokers at the Association of Independent Mortgage Experts (AIME) Fuse conference in Las Vegas on Saturday, the next year and a half will be a proving ground that will level set the market for brokers, and only some will come out winners.
In an interview with HousingWire after his presentation, Ishbia provided more context to his comments, especially on UWM’s aggressive pricing strategy and its impact on mortgage lenders’ decision to leave the wholesale channel.
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