United Wholesale Mortgage announces major rate cut

In May, the company unveiled its “Compete & Beat” initiative, enabling UWM to match and then beat the prices of 20 of the top wholesale lenders on conventional, governmental and jumbo loans on primary, second and investment properties, company officials said.  Effective until June 30, UWM will beat select competitors on 30-, 45- or 60-day … Read more

Wholesale leader on facing the “worst years for mortgage banking”

For Homepoint, this adjustment has happened well in advance. “Back in 2018, we felt like wholesale was going to win,” said Newman, who recalled how Homepoint backed up this intuition with significant research, allowing the company to be better equipped for the volatility of today’s market compared to large retail lenders. “We now have irrefutable … Read more

Accretive hires executive VP, wholesale

Accretive Insurance Solutions, AssuredPartners Inc.’s specialty wholesale and program administration company, said Friday it has named former ECC Insurance Brokers LLC executive Rob Roth as executive vice president of wholesale. Mr. Roth was previously president of Oakbrook Terrace, Illinois-based ECC, a wholesale brokerage that specializes in management, professional and cyber liability placements, Accretive said in … Read more

WPI Inflation: April wholesale inflation surges to 15.08%, up from 14.55% in March

Wholesale inflation in India rose to 15.08% in April on an annual basis owing to higher fuel and energy costs, data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed Tuesday. Analysts had forecast WPI for April to stand at around 15.5%. WPI in April 2021 was at 10.74%. With the latest … Read more

Japan wholesale prices hit record 10% as energy costs soar By Reuters

© Reuters. FILE PHOTO: Women wearing protective masks walk in a shopping district, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan, February 15, 2022. REUTERS/Kim Kyung-Hoon By Daniel Leussink TOKYO (Reuters) -Japan’s wholesale prices in April jumped 10% from the same month a year earlier, data showed on Monday, rising at a record rate … Read more

AUB to acquire Lloyd’s wholesale broker Tysers – Breaking News – Insurance News

AUB to acquire Lloyd’s wholesale broker Tysers 9 May 2022 AUB Group has entered into an agreement to acquire UK-based Lloyd’s wholesale broker Tysers for $880 million. Tysers is the sixth largest wholesale broker in the Lloyd’s marketplace, writing annual gross premium of $3.6 billion. “The acquisition represents an important next step in the AUB … Read more

United Wholesale Mortgage launches ‘Compete & Beat’ pricing program

“We rolled out Compete & Beat to help independent mortgage brokers succeed, and we know when our clients use UWM they get the best technology, service and partnership to help them build their reputation,” a company spokesperson told MPA. “If a couple of basis points is the only reason a broker is sending a loan … Read more