UWM (United Wholesale) Review

Wholesale lender offering broker-exclusive rates often below retail. Independent UWM (United Wholesale) review: 4.3/5 for purchase mortgage.

By Michael Hewitt, Founder & Editor-in-Chief.

Our verdict

UWM rewards rate shoppers willing to use a middleman: rates typically run 0.125% to 0.25% below retail lenders, but you can only reach it through a mortgage broker. Fees vary by broker, and so does the experience, which is what keeps it from ranking higher. Choose the broker as carefully as the rate.

Skip it if you want to apply directly with the lender, or if you don't want to vet a broker.

About UWM (United Wholesale)

Wholesale lender offering broker-exclusive rates often below retail. UWM (United Wholesale) is offered by United Wholesale Mortgage. Our editorial rating is 4.3 out of 5.

Best for: Rate-sensitive buyers willing to use a broker.

Editorial grade: A- (composite score 86/100).

Highlights

Rates typically 0.125%–0.25% below retail lenders
Closings in as few as 14 days
Works through 30,000+ independent brokers

What we like

Lower rates through broker channel
Fast closing timelines
Wide product selection

Where it falls short

Must work through a mortgage broker (not direct)
Experience varies by broker quality

Fees, minimums, and rates

Monthly fee: Varies by broker. Minimum to open: $50,000. Current APY: 6.38%. Rates and promotional offers change often, so check the provider's own page before you apply.

How we reviewed it

This is a desk review: we have not opened an account with United Wholesale Mortgage. It is built from United Wholesale Mortgage's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Purchase Mortgage shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.