UWM’s ‘Bullseye 90’ offers 90-bps broker discount through Sept. 8

United Wholesale Mortgage (UWM) launched its latest pricing incentive for broker partners on Wednesday, saying it will grant a 90-basis-point discount on a large swath of loans through Sept. 8. The “Bullseye 90” incentive allows brokers to apply the 90-bps to a single loan submission of their choice through Sept. 8. Eligible product options include all conventional and government loans, including those through the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) and Department of Agriculture (USDA). “Bullseye 90 gives mortgage brokers a meaningful pricing advantage on agency purchase and refinance loans, helping them deliver greater value to borrowers while remaining competitive in today’s market,” the announcement stated. “Loan officers can apply the 90bps to one eligible agency purchase or refinance loan of their choosing, giving them the flexibility to use it when it can make the greatest impact.” UWM clarified that Bullseye 90 cannot be combined with any other existing incentives, such as Control Your Price or a 25-bps temporary rate buydown. To apply the new incentive, the broker must submit a credit report to UWM’s lock desk within one day of locking ...