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 _______________________   Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.   Watch the podcast on Spotify for full video episodes, Q&As, and community polls!    Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.   Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.    Please subscribe, share, and leave a review to let us know you want to keep the content coming!