Ep. 154 - "Independent" Mortgage Brokers Sending 99% of Loans to UWM??

In this episode, Quinton Harris & Troy Silhan dive deep into the shocking Hunterbrook case files exposing the dark side of the independent mortgage broker industry, uncovering the bitter feud between giants Rocket Mortgage and United Wholesale that's costing unsuspecting homebuyers hundreds of millions in overcharges. We discuss the tactics used by UWM to squeeze out competitors and dominate the market, including an infamous ultimatum forcing brokers to send nearly all their business to UWM or face being blacklisted, despite these so-called "independent" brokers claiming to shop for the best deals.

[00:00 - 01:29] - Intro: Hunterbrook Files

[01:30 - 03:55] - Mortgage Industry Basics

[03:56 - 07:08] - Rocket vs UWM Feud

[07:09 - 10:23] - UWM's Shocking Ultimatum

[10:24 - 14:23] - Are "Independent" Brokers Actually Independent

[14:24 - 19:06] - Costs & Overcharges

[19:07 - 22:59] - UWM's Questionable Rise

[23:00 - 27:39] - Lawsuits & Broken Promises

[27:40 - 32:25] - UWM's Rebuttal

[32:26 - 34:23] - Super Bowl Ad

[34:24 - 36:40] - Ishbia's Culture

[36:41 - 37:59] - Risks for Homebuyers

[38:00 - 40:33] - Closing Segment

Resources:

Matt Ishbia’s Voicemail: https://www.youtube.com/shorts/ilHenxmrm20
Hunterbrook Investigation: https://hntrbrk.com/uwm/

HMDA Act: https://www.consumerfinance.gov/data-research/hmda/

Key Quote:

“If you're going to work with United Wholesale Mortgage, you cannot work without it. ” - Quinton Harris

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