UWM Announces BrokerX: Empowering Brokers to Grow Their Teams With UWM-Supported MLO Licensing Program

Removes major barrier for brokers being able to scale

Pontiac, September 14, 2024 - United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today, BrokerX, a new initiative aimed at providing brokers with a streamlined solution for training and licensing new talent, without needing their own training team. Through a structured development program, BrokerX will transform individuals with no experience to licensed mortgage loan originators (MLOs) in just 5 weeks.

Mat Ishbia, president and CEO at UWM, unveiled this program today at the Association of Independent Mortgage Experts' (AIME) annual FUSE event in New Orleans.

"One of the major challenges brokers face in growing their business is the time it takes to train new LOs and get them licensed. With BrokerX, we're eliminating this barrier and empowering brokers to hire as many individuals as they wish," said Ishbia. "This program will take care of the training, coaching and licensing, and deliver licensed LOs back to our broker partners who will be ready to originate loans, contribute to the growth of the wholesale channel and help even more consumers across the country."

The exclusive 5-week program includes comprehensive training, licensing prep and professional development for candidates seeking to become licensed MLOs. Participants will engage virtually in Nationwide Mortgage Licensing System (NMLS)-approved training and test prep with OnCourse Learning for the first 4 weeks of the program. Upon passing the SAFE MLO test, they will then spend the 5th week on-site at UWM.

BrokerX will be offered for an exclusive rate of $250, which participants are responsible for paying, along with the SAFE MLO test registration fee and costs associated with required background and credit checks. Broker owners can sign up candidates directly, or individuals can register on their own.

The first session will begin October 21, 2024.

Those looking to learn more or enroll in the BrokerX program can visit the website at mortgagebrokerx.com. UWM supports independent mortgage brokers with industry-leading training, technology and service. For more information on how to sign up as a broker with UWM, visit uwm.com.

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