TROY, Mich., Dec. 17, 2013 (SEND2PRESS NEWSWIRE) -- United Wholesale Mortgage (UWM), one of the largest wholesale mortgage lenders in the nation, announced that it has designed a new program that provides originators with the option for borrowers to select the amortization term that works best for their financial situation.
"What our Flex Term program achieves is to empower our originators with the ability to customize the perfect loan for their customers while avoiding resetting the mortgage clock," said Mat Ishbia, president of UWM.
"We want to make our brokers as successful as possible and help borrowers obtain loans that are ideal for their personal scenario. Flex Term allows our originators to offer many of our products to borrowers that now accompanies the option to choose their desired amortization term."
UWM's Flex Term program includes the following:
* Customizable mortgage option that allows borrowers to select the loan term of their choice
* An opportunity to refinance without resetting the mortgage clock
* Eight to thirty year amortization terms made available on all fixed-rate conventional loan products
* The flexibility to combine the program with additional UWM products
To learn more about UWM's new Flex Term program, brokers can contact UWM at 800-981-8898.
About United Wholesale Mortgage:
Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM's positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion.
For more information, visit http://www.uwm.com/ or call 800-981-8898.
CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com
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NEWS SOURCE: United Wholesale Mortgage :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2013 Send2Press® Newswire, a service of Neotrope®.