Mat Ishbia, United Wholesale Mortgage – Episode 146 ┃Inside Real Estate

Inside Real Estate Episode Highlight

“Yeah, no, nobody’s getting added. So I didn’t even put that in the addendum. I said, “listen it’s two companies.” I’m not adding someone in five years, I’m not adding someone in 10 years. I basically made a–this is not a decision I made on March 4. This has been something we’ve talked about for a while. We’ve done our research, we talked to attorneys, we talked to brokers, we talked to loan officers, we talked to consumers, we’ve talked to a lot of people to make this decision on whether it was two companies, or if we’re going to do one company or three companies and it’s been decided as two companies and no one else is getting added at all. And that’s for certain. And so, and why those other companies were not involved is because these two companies we thought were the most egregious and the biggest risk systematically to the mortgage broker channel and consumers and getting consumers the best deal possible through mortgage brokers. So they are a systematic risk, and so we attack the systematic risk.” -Mat Ishbia, United Wholesale Mortgage