Bilt raises $250M to expand into mortgages, with backing from UWM
Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a new funding round led by General Catalyst and GID.
United Wholesale Mortgage
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Tech Pulse: Longbridge talks AI senior inclusivity, UWM details lending advancements
This new weekly series highlights the latest in technology — from tools and integrations to trends — shaping mortgage and real estate.
Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities
Key news this week includes comments on “AI fear,” Zillow Rentals adding conversational AI and Optimal Blue revealing a new refinance tool.
UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending
In a session at HousingWire’s The Gathering, UWM’s Jason Bressler told the audience that he considers the use of AI a form of “protection.”
Justin Ishbia strikes deal to buy Chicago White Sox
Private equity billionaire Justin Ishbia, the brother of United Wholesale Mortgage CEO Mat Ishbia, has reached an agreement to acquire the Chicago White Sox from longtime owner Jerry Reinsdorf, Sportico reported on Thursday.
Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers
The introductions of LEO and MIA come on the heels of UWM’s stated goal to double its origination volume to $280 billion over the next three years.
UWM faces class-action lawsuit over alleged misuse of 401(k) plan assets
Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA).
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Mat Ishbia’s unfiltered thoughts on the Rocket-Mr. Cooper deal
What does UWM’s Mat Ishbia think about Rocket Companies’ pending $9.4 billion deal for Mr. Cooper? “It’s fantastic,” he said.