United Wholesale Mortgage (UWM) is bringing its mortgage servicing operations in-house after ending its relationship with Mr. Cooper Group, following Mr. Cooper's $9.4 billion sale to Rocket Mortgage. UWM has chosen ICE Mortgage Technology's MSP loan servicing platform, aiming to enhance recapture and referral business within its broker network. As of December 31, 2024, UWM's servicing portfolio stood at $242.4 billion. This strategic shift reflects a broader trend in the mortgage servicing landscape, where firms are emphasizing servicing as a competitive advantage.
We are excited about the cost savings for UWM, but even more excited about the opportunity to help brokers deepen their relationships with borrowers by leveraging MSP.
UWM will now send the majority of its servicing business to Cenlar FSB, stepping away from Mr. Cooper entirely.
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