UClose 2.0 gives brokers complete control of process
United Wholesale Mortgage (UWM) has launched a new closing tool to give mortgage brokers complete control over the transaction and enable on-the-spot closings.
Updating a previous product launched in 2015, UClose 2.0 will allow brokers to complete the process faster and without waiting for a closer, although they will have the option of working with a closer if preferred. This is a significant enhancement from the original version.
Tracker tools allow brokers to see outstanding tasks and who is responsible for closing; and there are instant notifications when a tolerance issue is caused by a fee change. Brokers are able to trigger final closing on their own.
“In this purchase market, the closing process is what everyone remembers,” said Mat Ishbia, President and CEO of United Wholesale Mortgage. “UClose 2.0 has guardrails in place that allow mortgage brokers to control timing, doc generation and communication with title companies. By making the closing process so easy for mortgage brokers, borrowers, realtors and title companies, referrals will follow, and this is another way we’ll help our brokers continue to grow in 2019 and beyond.”
