In the midst of unprecedented growth, United Wholesale Mortgage (UWM) is adding to its already expansive campus. UWM has agreed to acquire a 900,000 square foot office building across the street from its current 610,000 square foot headquarters. The new building would be connected to UWM’s existing headquarters by an enclosed bridge/skywalk and would more than double the size of its campus.
The expansion would bring the company’s headquarters to 1.5 million square feet, spanning 150 acres. The company is projected to grow to more than 7,000 team members by 2025, up from the 4,100 team members it currently has.
“UWM’s rapid growth is directly tied to the growth of our independent mortgage brokers and a testament to the value independent mortgage brokers bring to consumers,” said UWM President and CEO Mat Ishbia. “UWM is 100 percent committed to helping the broker channel grow. We know that the broker channel is the best place for a loan officer to work and the best place for a borrower to get a loan. That’s why we are all in for the wholesale channel.”
After doing $41 billion in production in 2018, UWM is on pace to shatter those numbers with $100 billion in loan volume this year. UWM set a company record with $28.3 billion in mortgage loan volume in the second quarter of 2019, leapfrogging two other mortgage giants earlier this year to become the No. 2 overall mortgage lender in the U.S. (retail and wholesale combined), according to data compiled by Inside Mortgage Finance.
UWM has separated itself as the dominant force in wholesale mortgage lending, finishing as the No. 1 wholesale lender in America for four straight years. In the first six months of this year UWM has grown 136% over the same time last year, which is twice as fast as any other top 40 mortgage lender in America. While industry growth has been an impressive 11.5%, UWM’s unprecedented growth has been more than 10 times the industry average.
“UWM will continue to focus on helping our mortgage brokers separate themselves from the competition. We have more than 4100 people thinking every day about how mortgage