TROY, Mich., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) -- United Wholesale Mortgage (UWM), one of the nation's largest and fastest growing wholesale lenders, announced that it earned a spot on HousingWire's inaugural HW Fast50™ list. UWM is referred to on the list as United Shore, which is its parent company. The company's growth was derived almost entirely from UWM's wholesale production.
HW Fast50 ranks both public and private high growth companies that are driving mortgages and housing forward. The company ranked number 39 on the HW Fast50 list with a growth rate of 35.1 percent based on 2012 revenue of $180,487,333 spiking to $243,796,572 in 2013.
"We are pleased to have made the new HW Fast50 list as we continually grow at a rapid rate and report banner years," said Mat Ishbia, president and CEO of UWM. "Our ongoing growth is based on the tremendous service levels and innovative tools that we provide to our clients to help them be as successful as possible. This comes with the strong relationships that we work hard to develop with our brokers, who we view as highly valued long-term partners. We're relationship driven, not transaction driven."
Earlier this year, UWM was ranked in the top 25 percent of America's fastest growing private companies on the annual Inc. 5000 list. With three year sales growth of 480 percent, the company was listed as number 1071 on the list, with UWM again being the impetus of organizational growth.
"Each of the companies on this year's HW Fast50 represent a critical and vibrant part of the future of the U.S. housing economy, and have demonstrated their ability to succeed in a fast-changing business climate," stated Paul Jackson, CEO and publisher of HousingWire.
Richard Bitner, president of HousingWire, added: "The housing finance and real estate sectors are critical components to the U.S. economy, and these are the companies blazing a future for the industry - and, indeed, for our entire economy."
UWM/United Shore has more than 1,200 employees located at its corporate headquarters in Troy, Michigan. The company was recently voted the number one place to work in Metro Detroit by The Best & Brightest Companies to Work For.
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.
About HousingWire:
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com/.
About the HW Fast50:
The 2014 HW Fast50™ is ranked according to percentage revenue growth between 2012 and 2013, and includes both public and privately held companies. To qualify, companies must have been founded and generating revenues by January 31, 2012. Companies must be for-profit and must have earned at least $50,000 in revenues during the 2012 calendar year. HousingWire reserves the right to exclude companies for subjective reasons, and in its sole discretion. The 2014 HW Fast50 is featured in the October 2014 issue of HousingWire Magazine, and can be found online at http://www.housingwire.com/2014fast50/.
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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. © 2014 Send2Press® Newswire, a service of Neotrope®.