UWM partners with Bilt for mortgage payment rewards

"By integrating Bilt into our servicing platform, we are reimagining how a borrower views and thinks about their mortgage payments, while also creating an unmatched lead generation tool and exceptional client engagement for brokers, Mat Ishbia, president and CEO of UWM, said in a statement. This will redefine industry standards, putting relationship-building at the center of mortgage servicing and elevate the wholesale channel to a new level."

"According to UWM, brokers will gain access to tools such as automated touchpoints including move-in gifts, milestone celebrations and refinance reminders that are linked to the original broker. Ishbia added that the partnership will also give brokers access to millions of qualified Bilt members who have been building credit and saving for homeownership. The phased rollout of services is set to begin in early 2026."

"The collaboration is part of Bilt's expansion into the mortgage space. The company first launched as a rewards platform and credit card that converts rent payments into points. In July, Bilt closed a $250 million funding round led by General Catalyst and GID, with UWM contributing $100 million bringing its valuation to $10.75 billion. At the time, Bilt announced plans to work directly with loan servicers."

UWM's partnership with Bilt integrates Bilt into UWM's servicing platform so borrowers earn Bilt points on mortgage payments and brokers access Bilt's five million members. The integration will provide automated, broker-linked touchpoints including move-in gifts, milestone celebrations and refinance reminders, and create lead-generation and client-engagement tools centered on relationship-building. Brokers gain access to millions of qualified members who have been building credit and saving for homeownership. Services will roll out in phases beginning early 2026. Bilt expanded from a rent-rewards platform and card into mortgage services after a $250 million funding round valuing the company at $10.75 billion.

Read at www.housingwire.com