Morning Roundup (1/10/2022)– UWM In-Office Fight Continues, Fraud Costs Rising

Good Morning! Today is Monday, January 10. A fire in a Bronx apartment building killed at least nineteen people. Russian forces have surrounded Ukraine on three sides as diplomats meet in Geneva for talks. “Power of the Dog” and “Succession” won top honors at the Golden Globes, which did not air this year due to criticism over ethical lapses and a lack of diversity. And in mortgage and housing news… Are UWM Workers Being Unreasonable?: United Wholesale Mortgage turned heads in the industry last week when it was reported that health officials are investigating the company after receiving complaints about how they are handling COVID, which lead some people to ask why employees in lending are expected to be in…

Remote Work In Lending: Are UWM Employees Being Unreasonable?

By KIMBERLEY HAAS United Wholesale Mortgage turned heads in the industry last week when it was reported that health officials are investigating the company after receiving complaints about how they are handling COVID, which lead some people to ask why employees in lending are expected to be in their offices to begin with. Michigan Occupational Safety and Health Administration Director Bart Pickelman confirmed to The Mortgage Note Wednesday that his agency has received 50 complaints against UWM since November 1, 2021.  “MIOSHA currently has one open investigation and other investigations that are currently progressing through the appeals process. MIOSHA cannot provide information on an open investigation,” Pickelman said. A former employee told Fox 2 in Detroit that people who work…

Morning Roundup (1/5/2022)– UWM Under Fire, Loan Applications Down

Good Morning! Today is Wednesday, January 5. A snowstorm in Virginia left hundreds of drivers stranded for more than 24 hours. Chicago canceled school today amid a clash with teachers about remote schooling during the Omicron surge. Walmart and Kroger are raising prices for BinaxNOW at-home Covid tests after a White House deal to sell them at cost expired. And in mortgage and housing news… UWM Under Fire: United Wholesale Mortgage is under scrutiny from both state and county health officials in the wake of complaints about the company’s handling of Covid. Loan Applications Down: Mortgage loan application volume dropped 2.7% from the week ending December 31, with refis down 2% as interest rates reached their highest point since April…

UWM Under Investigation in Wake of COVID Complaints

Michigan-based United Wholesale Mortgage is under scrutiny from both state and county health officials in the wake of complaints about the company’s handling of COVID-19, a Detroit TV station is reporting. The Michigan Occupational Safety and Health Administration (MIOSHA) Director Bart Pickelman confirmed to The Mortgage Note Wednesday that his agency has received 50 complaints against UWM since November 1, 2021.  “MIOSHA currently has one open investigation and other investigations that are currently progressing through the appeals process. MIOSHA cannot provide information on an open investigation,” Pickelman said. And the Oakland County Health Department has also received numerous complaints about UWM, leaving health officials concerned amid the county’s soaring infection rate.“The test positivity rate in Oakland County is 25.5%. It’s the highest it’s ever…

Criticism Continues as UWM’s Ishbia Increases Commitment to MSU Athletes

By KIMBERLEY HAAS Mat Ishbia is helping to privately fund a new contract for the Michigan State University football coach, who was the punchline of many jokes on social media last weekend after his team lost to Ohio State in a blowout game. The Detroit News confirmed from a source close to negotiations last week that coach Mel Tucker and officials at Michigan State University were closing in on a new 10-year, $95 million contract that would make him one of the highest-paid coaches in college football. That agreement was made possible by financial commitments from Ishbia and Shift Digital CEO Steve St. Andre. After the embarrassing 56-7 loss to the Ohio State Buckeyes on Saturday, Sports Illustrated reported some Michigan…

He’s Back! Anthony Casa To Share AIME Stage With Katie Sweeney At UWM-Sponsored Event 

11 months, 16 days.  That’s how long it took former Association of Independent Mortgage Experts boss Anthony Casa to get back into AIME’s good graces after resigning in the wake of his lewd and misogynistic video texts about the wife of a rival.  Casa, who took a leave of absence in July and officially stepped down in October, will participate in a panel discussion Friday at AIME’s annual Fuse conference – billed as the “largest nationwide gathering of independent mortgage professionals” – at the swanky Bellagio in Las Vegas. The panel will be moderated by Casa’s successor, AIME CEO Katie Sweeney. United Wholesale Mortgage – a longtime backer of AIME and Casa – is the title sponsor of the conference. …