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United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

A portion of the proceeds from the offering, announced days following its IPO filing, will go toward the repayment of its mortgage servicing facility.

But will the company's second attempt to go public come to fruition in a market where two lenders already put their offerings on hold?

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.

The number of nonbank mortgage lenders who launched IPOs or merged with SPACs took off like a rocket in the second half of the year.

Company CEO Michael Nierenberg previously commented the real estate investment trust's parts could be worth more than the whole.

After ending their hostile bid, the two investors continued their push for greater control of the mortgage technology company.

The substantial Series D fundraise fuels speculation on whether Better.com will be the next mortgage company to hop on the IPO trend.

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.

The draft IPO filing for its Class A shares follows speculation that it would follow the lead of Rocket Cos. and other nonbank lenders in going public.