United Wholesale Mortgage, a division of Troy’s United Shore Financial Services, was named the No. 1 wholesale mortgage lender for residential loans in the U.S. for 2017, according to Inside Mortgage Finance, a trade publication.
This is the third year in a row the company has earned the title. It produced a company-record loan volume of $29.5 billion in 2017 and closed more than 106,000 home loans in the U.S. The company had a 15 percent stake in wholesale market share, up 4 percent from 2016. In turn, UWM grew its loan production by 29 percent in 2017, even though the market declined 11 percent overall.
“Ranking as the No. 1 wholesale lender in America for three years in a row is a huge accomplishment and speaks to the innovative work being done and the dedication of our 2,300-plus team members,” says Mat Ishbia, president and CEO of United Shore. “Our people will continue to be the focal point of everything we do as we aim to establish United Shore as the premier workplace in America and position UWM as a top-five overall mortgage lender.
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