10/04/2022
“UClose 3.0 and TRAC are changing the way we do closings,” Ishbia said in a press release. “These exclusive offerings will allow for a faster, cheaper and more efficient experience for all parties involved. Brokers now have access to a more streamlined platform that will guide them through the closing process step-by-step with more transparency, smarter technology and increased control.”
Ishbia also announced Safe Check, which will allow borrowers to get an appraisal waiver pre-check before submitting their loan. This is a soft-pull credit check that will help them move ahead in the process without initiating trigger leads to brokers’ competitors.
UWM CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday. The most impactful may be an alternative to the traditional lender title process, called TRAC.
