UWM to Automatically Use Best Qualifying Credit Score for Borrowers
MT Newswires Live
Yesterday
UWM Holdings (UWMC) said Tuesday it will automatically select the strongest qualifying credit score for each borrower by obtaining FICO Scores and VantageScore 4.0 on all credit pulls.
The company said the enhancement could help borrowers secure lower mortgage payments, cheaper mortgage insurance and lower overall costs, while simplifying the process for mortgage brokers.
UWM CEO Mat Ishbia said the company aims to put borrowers in the best position while making it easier for brokers to close loans.
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