AUBURN HILLS — United Shore, a mortgage lender, looks to cap one of the most successful years in its history with $10 billion in volume, despite the contracting mortgage industry that declined by 40 percent and hit its lowest point in 17 years.
United Shore and its wholesale brand, United Wholesale Mortgage, hit another epic year, and a successful month of November, the latest available, during which the company produced just under $1 billion of volume — a single-month mark that ranks fourth all-time in the company’s 28-year history.
Beyond loan volume, United Shore enhanced its unit production throughout the year, doubling the number of daily submissions and closings from January to November. The mortgage industry is not projected to pick up in 2015 but United Shore’s year-end trend indicates the company will hit a historical high in 2015 of more than $12 billion.
“Our people are the reason that United Shore continues to excel in the face of a downward trending market,” said Mat Ishbia, United Shore president and CEO. “We are heavily invested in training and technology to equip our people who are setting the industry standard in world-class client service.”
Even as industry projections indicate the likelihood of a continued downward trend of the overall mortgage market in 2015, Ishbia projects increases with strong goals in 2015, in large part due to a continued focus on technology, innovation, advanced training and a superior customer service experience.
“We’re on a mission to champion the success of our client-brokers and borrowers,” says Ishbia. “And we have proven that our focus on their success yields huge returns to our people and company.”