UWM Celebrates Mortgage Broker Market Share Hitting 15-year High

Market Share hits 24.3% in Q4 2023, highest since 2009

Pontiac, March 11, 2024 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, is celebrating a significant leap in market share for the mortgage broker channel, commanding 24.3% in Q4 2023, according to recent data from Inside Mortgage Finance (IMF). Mortgage Broker market share has steadily been on the rise for years, making substantial strides in the last few years. This is the highest broker market share since 2009. This achievement further solidifies mortgage brokers as a trusted partner to borrowers and real estate agents nationwide.

"Mortgage broker market share hitting a 15-year high is not only an outstanding achievement, it is a testament to the care, commitment and passion brokers across the country pour into putting their borrower’s needs first,” said Mat Ishbia, President and CEO of UWM. “We are extremely proud to be laser focused on the wholesale channel because we’ve always known it is what is best for the borrower and the loan originator.”

Furthermore, this growth demonstrates consumer confidence in mortgage brokers has been restored, and 2021 HMDA data shows that consumers save an average of $9,407 over the life of their loan by working with a mortgage broker versus a retail lender or bank. Consumers and real estate agents can go to MortgageMatchup.com to get connected with an independent mortgage broker in their local area.

UWM’s focus on one channel, along with cutting-edge technology and a client-centric approach, has allowed UWM to successfully position itself as the preferred choice among mortgage brokers. The company's commitment to delivering outstanding service is coupled with a heavy investment in technology and innovation to ensure mortgage brokers remain at the forefront.

As the mortgage industry continues to evolve, UWM remains a leader in innovation, continuously adapting to meet the changing landscape and market cycles. Through ongoing collaboration with mortgage brokers, UWM is dedicated to identifying emerging trends and developing tailored solutions that address the evolving needs of our clients and their borrowers.