United Wholesale Mortgage (UWM) has announced Loan Swap, a new pipeline management tool that enables originators to manage the order of their loans in UWM’s underwriting queue.
Loan Swap gives UWM’s network of brokers a greater level of control over their entire pipeline, managing their loans to meet their borrowers’ timelines, the company says in a release. It is just one of a suite of innovative tools that the wholesale mortgage lender offers to its clients.
“Loan Swap puts originators in the driver’s seat of their pipeline by creating greater transparency and giving them the power and flexibility to move loans within their pipeline, ultimately delivering better and faster service to their clients and Real estate agents,” says Mat Ishbia, president and CEO at UWM.
The new accessibility is a big perk for loan officers, as they were previously unable to view the order of the underwriting queue.