UWM

The court gutted the complaint against the wholesale leader that was filed last year in conjunction with an investigation by a hedge fund-backed newsroom.

United Wholesale Mortgage dropped the fees for Title Review and Closing plus to as low as $1,295; it also extended its R/T 90 refi promo for another month.

Since the end of July, UWM's common stock price gained 55%, but an improved mortgage origination outlook was already accounted for, said Jeffrey Adelson.

In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.

Bilt raised $250 million in the funding round led by General Catalyst and real estate investor GID, which were joined by home lender United Wholesale Mortgage, it said in the letter.

It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.

Former account executives say the lender stiffed its workers by letting their retirement contributions cover plan expenses, rather than use existing funds.

Notable changes in executive compensation at public IMBs heavily relied on stock awards received that year.

The industry leader has simultaneously staved off lawsuits over its initiative and reached a settlement with one brokerage which allegedly violated its terms.

One of the tools introduced is a voicebot, dubbed Mia, which helps with consumer retention by making calls to check on clients for UWM broker partners.