UWMC

UWM Holdings Corporation originates and sells residential mortgages (home loans) to people buying houses. The company works through a wholesale channel, meaning it sells loans to other financial institutions rather than directly to borrowers. It primarily handles conforming loans, which are mortgages that meet the standards set by government-sponsored enterprises like Fannie Mae and Freddie Mac, as well as government-backed loans like those insured by the Federal Housing Administration. The company also services mortgages, meaning it collects monthly payments from borrowers on behalf of the lo…