Ishbia said that the event marked another milestone in the wholesale lender’s “relentless efforts to educate consumers that mortgage brokers offer a faster, easier and more cost-effective mortgage.”
“Independent mortgage brokers are easier, faster and less expensive than any alternative,” he said. “It was an extremely proud moment to see this incredible group gathered in such an iconic space to celebrate not only the daily impact they make on borrowers but all mortgage brokers across America.”
The Pontiac, Mich.-based firm went public earlier this year under the largest SPAC transaction of all time. As of market close on July 21, UWMC’s stocks traded at $7.76 per share, below its $10 IPO price.