CMS Mortgage Kicksoff May The 4th With UWM Best Pricing Resources!
Ready to Complete & Beat The Competition? Get The Best Pricing + 1 Basis From UWM.
UWM’s innovative new Pricing solution, Compete & Beat, is now available to you..
- Get pricing that beats 20 of the top wholesale lenders' 30-, 45- and 60-day lock pricing by 1 basis point
- UWM will give you up to 40bps
- Can be used for primary, second and investment properties on conventional, government and jumbo loans
- Must compare with the same lock terms from UWM for conventional, government or Prime Jumbo Max
- Available on loans locked May 4 through June 30, 2022 at 11:59 PM EDT
- LO Partner Points can be combined with Compete & Beat, final price to final price up to 40bps
- Not eligible with MI Buster, Bank Statement, Investor Flex or the following Prime Jumbo programs: Released, ARMs or Interest Only
Compete & Beat Can Now be Used on Quotes From The Above-Named Financial Institutions:
- Amerisave
- Amwest Funding
- Caliber Home Loans/New Rez
- Cardinal Financial
- Carrington Mortgage Services
- Citizen Bank/Franklin American
- CMG
- Equity Prime Mortgage
- Finance of America Mortgage
- Flagstar Bank
- Freedom Mortgage Corp.
- Homebridge Financial Services
- Home Point Financial
- Kind Lending
- Loandepot
- Nations Direct Mortgage
- Paramount Residential Mortgage Group (PRMG)
- PennyMac Financial
- Plaza Home Mortgage
- Union Home Mortgage Corporation
Ready to Request Compete & Beat Pricing? Here Are The Steps You Need to Follow:
- Show same-day pricing quote screenshots from the list of applicable lenders (within 60 minutes of locking with UWM, assuming repricing has not occurred), including a full pricing detail breakdown showing comparison, time and date and including the following loan parameters:
- Lender logo OR URL
- Product and Term
- Occupancy type
- Rate
- Lock period (30/45/60 days)
- FICO
- LTV
- CLTV
- Escrow waiver (Y/N)
- Loan amount
- State
- Purpose (purchase/refi)
- Refi purpose (e.g., cash-out)
- Property type (single-family residence, condo, etc.)
- Time and date stamp of screenshot (see screenshot examples)
- Final price to final price (not including compensation or UW fee waiver)
- Choose their 30-day lock versus UWM's 30-day lock OR their 45-day lock versus UWM's 45-day lock OR their 60-day lock versus UWM's 60-day lock
- You must have closed a loan in the last 90 days with one of the listed lenders above
- Download and fill out the UWM form
Then simply send the following to competeandbeat@uwm.com within 60 minutes of your UWM lock action:
- UWM form - download new form here
- Pricing quote screenshots from competing lender
- Include loan number in email subject line
Look for lock confirmation in EASE within 1 business day of UWM form submission.
Please note that UWM Compete & Beat is for initial locks only and does not apply to lock transfers or relocks. Relocks and changes to program, occupancy or property type will be subject to worst-case pricing. Lock & Shop and long-term locks are not eligible. Screenshots from pricing engines will not qualify for Compete & Beat.
UWM Exact Rate locks must be compared to competitors' next-lowest note rate available.
Enjoy the confidence that comes with adding superior pricing to the technology, turn times and elite client service UWM is known for. Reach out to your UWM account executive with questions.
Information is subject to change. Certain restrictions apply. Subject to borrower approval. Applicable on qualifying loans submitted through June 30, 2022, at 11:59 PM EDT. One Compete & Beat request is allowed per loan.
