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UWM, Rocket Mortgage tension hits breaking point
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Financial Stability
Friday, March 5, 2021
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In an announcement on Facebook live, President and CEO of United Wholesale Mortgage Mat Ishbia announced the company will no longer do business with those who also work with Rocket Mortgage and Fairway Independent Mortgage Corp.
The move is in response to the two companies allegedly taking actions to solicit loan officers away from brokers and working to completely cut brokers out of the mortgage process.
Read on for more details.
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