UMortgage Caps January 2024 with Record Week for Loans Locked
Published: February 9, 2024
UMortgage Caps January 2024 with Record Week for Loans Locked
After more than doubling its year-over-year loan volume in 2023, UMortgage is off to a hot start in the new year as it set a new record for loans locked in a week. During the week of January 29th, the innovative mortgage platform locked 196 units for $68.1 million in total volume – its highest since May 2023.
“Typically, May is the peak of the purchase season, so for us to accomplish this record lock week at the end of January is a telling sign of the trajectory we’re on for 2024,” said Anthony Casa, President & CEO. “This is a team effort – our sales activities are up 25% which generates leads, those leads are leading to credit pulls and pre-approvals, and those pre-approvals are putting more loans in our pipeline. I want to share a big kudos to everyone throughout our organization for working in tandem to help us Get Better Every Day as a collective.”
UMortgage’s record lock week capped an outstanding month which saw the platform accomplish +112% locks and +53% funding growth year-over-year from January 2023. With sights set on a third consecutive year doubling its production, UMortgage is once again poised for its best year yet.
The national mortgage platform is growing at an exponential rate behind an innovative and experienced leadership team and some of the country’s most talented Loan Originators.
If you want to attack a housing market on the rise with enhanced marketing support, a full-time operations team diligently working through your loans, and a support network of experienced Loan Originators sharing their secrets to success, register here for our next Loan Originators Powered by UMortgage call hosted by Anthony Casa, President & CEO, Sean Grapevine, VP of Strategy, and Corie Meredith, VP of Marketing, on February 29 at 2pm ET.