United Wholesale Mortgage (UWM), a Troy, Mich.-based wholesale lender, has launched UWM Track, which assists brokers in providing current status on loans to Realtors.
According to the company, the solution eliminates communication issues and facilitates the broker's ability to forge stronger relationships with Realtors, thus increasing business.
UWM Track works when brokers log into UWM's broker portal, access the loan in their pipeline and click on the UWM Track button, which sends an email to the agent containing a secure link to the UWM Track log in page. Once in UWM Track, the Realtor is able to view real-time status on the buyer's loan, the company reports.
UWM adds that the solution provides Realtors with detailed information on the loan such as when it was submitted to underwriting, conditions reviewed and cleared, loan approval, the closing schedule, when prep and closing documents were sent to the title company, and finally, the completion of funding.