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United Wholesale Mortgage (UWM) has revamped its Safe Check offering to shield brokers from “unwanted excessive trigger lead solicitations” and “help borrowers save on increasing credit costs.”
The wholesale giant has launched Safe Check Complete, which enables brokers to order a pre-qualification based on a 3-bureau soft credit check for $23. After that, UWM will pull a tri-merge hard credit report without charging the borrower any extra fee. Loan officers can get reimbursed for the Safe Check Complete expense at closing.
Additionally, UWM expanded Safe Check to cover government, jumbo, and conventional loans. However, All Safe Check loans are not eligible for HELOCs, bank statement, investor flex, and USDA loans, while Safe Check Complete is not available on VA IRRRL and FHA streamline loans.
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