Announcement includes another internal promotion
United Wholesale Mortgage (UWM) has announced a leadership change at the top of its finance team. Rami Hasani (pictured) has been appointed chief financial officer, taking over from Andrew Hubacker, who will transition into a senior advisor role effective immediately.
Hasani will officially step into the CFO role on April 1, 2025, overseeing the company’s financial operations, including accounting, reporting, compliance, tax, treasury, budgeting, and forecasting. He joined UWM in November 2020 as vice president of financial reporting and compliance.
"We are thrilled to announce Rami's transition into the role of CFO, a position he has rightfully earned through the confidence of myself, our leadership team and the entire organization,” said UWM president and CEO Mat Ishbia. “Since joining UWM in 2020, he has been a valuable part of our team, and we have no doubt he will continue to make a significant impact in this new role.
“We also extend our gratitude to Andrew for his many contributions as our CFO and appreciate his continued expertise in his new role as a senior advisor."
Hasani brings over 15 years of experience from Deloitte & Touche LLP, where he last served as a senior manager in the advisory practice. He also held a stint at Quicken Loans in 2020 as director of risk management.
“I am honored to step into this new role and grateful for the trust placed in me,” Hasani said in a Press release. “Having grown with this company over the last four and a half years, I’ve seen firsthand the dedication and innovation that drive our success. I look forward to building on our strong financial foundation and working alongside our talented team to achieve even greater success.”
The CFO transition comes as UWM extends its removal of loan level pricing adjustments (LLPAs) on FHA, VA, and USDA loans for borrowers with a FICO score of 600 and above. The extension runs through May 31.
By waiving LLPAs, UWM estimates that pricing can improve by up to 150 basis points, allowing borrowers to either boost their buying power or lower their interest rates. The move is expected to help more clients secure financing in today’s high-rate environment.
UWM is also moving forward with a lawsuit against Atlantic Trust Mortgage Corporation, a former broker partner, over claims that it violated the company’s “All-In Initiative,” a policy introduced in March 2021 that requires brokers to stop sending loans to Rocket Mortgage and Fairway Independent Mortgage.
The court found that UWM had followed the process outlined in its broker agreement, which allows for unilateral amendments via posted changes on its website, and that Atlantic Trust accepted those terms by continuing to submit loans.
Read more: Court lets UWM move forward with broker exclusivity case against Atlantic Trust Mortgage Corporation
Judge Berg also ruled that continued business between the two parties could be considered valid consideration under Michigan law. The decision allows the lawsuit to proceed, requiring Atlantic Trust to file an answer within 14 days.
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