We were very excited to have Mat Ishbia, President/CEO of United Wholesale Mortgage, back on the show. Mat addressed some of the events that have taken place over the past few weeks in the mortgage space, and also talked about the success of his Conquest program and his continued commitment to the broker movement. Watch now!
Very excited to have Mat Ishbia, President/CEO of United Wholesale Mortgage, join us for this week’s episode. Mat will address some of the events that have taken place over the past few weeks in the mortgage space. He'll also talk about the success of his Conquest program and his continued commitment to the broker movement. There’s a lot going on in the mortgage space right now and we’ll touch on it all. Don’t miss it!
Posted by Inside Real Estate on Wednesday, July 22, 2020
“Yeah, I mean, the Conquest Program was all about this, you know, simple. If you look back when we rolled out May 12, if you look at May 11, people were not talking about 30 year fixed in the twos, no one was doing them. I mean, I even really think that, if you look it up, it was I think it was Jay Farner. Maybe someone one of those guys said, rates will never go below 3%. They have a big publication time. But the reality is, that’s not true. Rates should have been lower, and they are lower right now. And so we’re proud to be able to be the first ones that can’t say, “Hey, listen, 30 are fixed in the twos. That’s the game. Let’s roll this thing out.” We came out with it. And we basically said, Hey, brokers, partners, go get new business. Of course, you can refinance your past clients, and we’ll do those loans. But if you want to allow a client and have them to be your partner for life, whether it’s a realtor or borrower, give them a 30 year fixed in the twos and close it in 15 days, 20 days, 22 days, wow them and if you do that great experience with UWM what’s gonna happen is you’re going to get referrals and grow?” – Mat Ishbia