In order to help brokers save on credit reports for UWM loans, United Wholesale Mortgage (UWM) has introduced another cost-saving tool.

In light of the increasing costs associated with loans, UWW said that ordering credit reports could become a significant financial burden. As a countermeasure, CoreLogic Credco was chosen by the wholesale giant as its partner to offer brokers a $37.35 flat fee for up to two borrowers’ tri-merge credit reports.

In addition, the credit reports come with XPN Fraud Shield, Proscan OFAC, five credit supplements, the ability to pull credit directly from Credco or any POS or LOS system, reissue fees from Fannie Mae and Freddie Mac, as well as the ability to run AUS within EASE or from your own LOS.

Also, a new promotion called “Control Your Price” was recently launched by UWM which allows brokers to offer borrowers discounts of up to 125 basis points. Up to $1 million in conventional, government, and non-agency loans can be used with this pricing promo until March 2023.

During a time when the mortgage market is shrinking, UWM’s new programs are part of its efforts to become a leading residential lender in the country. A number of tools, including UClose 3.0, TRAC, and Safe Check, were implemented by the company in 2022 to help brokers build their businesses over the long term.

Mat Ishbia, head of the UWM brokerage arm, said that brokers remain the dominant force in the market, and UWM continues to equip its brokers with the best tools for success. As part of that initial approval process, Safe Check provides unmatched transparency and certainty to both the broker and the borrower.

The UClose 3.0 and TRAC systems are revolutionizing the way we do closings. With these exclusive offerings, all parties will have a more efficient, faster and cheaper experience than ever before.