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United Shore Financial Services

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United Shore Financial Services, LLC is a wholesale mortgage lending company[1] headquartered in Pontiac, Michigan. United Shore is also the parent company of United Wholesale Mortgage[2].

History[edit]

The company was founded as Shore Mortgage by Jeff Ishbia in 1986 and operated as a mortgage broker. In 2002 United Wholesale Mortgage (UWM) was established as a Shore Mortgage subsidiary.[3]

In 2006 UWM began to serve primarily as an FHA lender with no subprime products[3] offered.

In 2013 Mat Ishbia was named President and CEO. Multiple UWM campuses were combined into one corporate headquarters[4] at 1414 E. Maple, Troy Michigan. The company employed more than 1,200 team members.

In 2017 UWM had $29.5B in production ranking it as a top lender in the nation.[5]

In 2018 United Shore and UWM moved 2,500 team members to a new headquarters[6] in Pontiac Michigan.

In 2019 the company expanded[7] its property to include an additional office building across the street to support 5,300 team members[8], creating two campuses that will be connected by a skywalk. Construction for the skywalk is projected to be complete in October 2020[9].

References[edit]

  1. Leveski, Debbie. "Mortgage Lender Builds Success on Relationships". The Oakland Press.
  2. Keenan, Tim. "Pontiac's United Wholesale Mortgage Breaks Mortgage Industry Record". DigitalSouth.
  3. 3.0 3.1 Coster, David. "Legends of Lending: United Wholesale Mortgage".
  4. Wray, John. "Troy's United Wholesale Mortgage Now Nation's Largest Wholesale Lender". patch.com.
  5. Turner, Grace. "Troy's United Wholesale Mortgage Named Nation's No. 1 Wholesale Lender for 3rd Year In a Row". DigitalSouth.
  6. Riendl, JC. "United Shore Mortgage Moves Into New, Amenity-Filled Pontiac HQ". freep.com.
  7. Hall, Phil. "UWM Expands HQ to Adjacent Property".
  8. Riendl, JC. "Pontiac Firm to Open Longest Enclosed Pedestrian Bridge In US". freep.com.
  9. Pevos, Edward. "The Country's Longest Pedestrian Bridge Will Open Soon in Pontiac". mlive.com.

External links[edit]

United Wholesale Mortgage

United Shore Financial Services, LLC


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