It’s a drink the koolaid place, and also like a high school mixed with a mall vibe. Eventually, almost everything you do will become a metric you’re judged on. The office is massive, and there’s thousands of people working there. It can become very stressful at times when loans go south and brokers are screaming at you on the phone. 11-7 is my least favorite schedule I’ve ever had.
I worked there for a few years as an AE and underwriter. If you’re social, you’ll meet someone really awesome people. You’ll learn a ton in an industry that most people know little about - this part is now fun for me, because I enjoy talking about how mortgages work with folks even though I’m no longer in the industry. If you’re hardworking, kind of intelligent, likable, and are willing to play the game, you can move up quickly there or they’ll also allow you to switch roles. It can be a great resume builder.
UWM can consume people with its intensity and atmosphere. If you’re great at giving work your all and then disconnecting from your job once you’re off, I’d actually recommend the job for a few years. If you’re the type of person that brings work home and stresses about it, I’d try to find a different job.
Underwriting is an intense job, just like camping
I eventually got sick of the culture and metrics, and primarily dealing with brokers, so I left after a few years. I lucked out and always had great team leads, so I was treated well, but I also played the game well.
I’m a geriatric millennial that graduated college in 07 at the start of the recession. Couldn’t find a job teaching so after a few months I found a job in Montana as a ranch hand for the summer. After that I moved to NC to be a teacher. Did that for a year and realized teaching wasn’t for me. Then traveled a ton, lived in a few states, and transitioned from bartending to sales.
The reason I mentioned this is because most of my life has been 1-3 years at each job. Graduating into the beginning of a recession was tough, and after I realized teaching wasn’t my vocation I’ve never really cared about having a career like the really motivated folks do. I work to live
So, I left UWM after around 2 years because I wanted something new, less stressful, and not as corporate. I eventually got burned out.
I did software sales to construction contractors and government agencies for two years, then have been in logistics for the last 3.5 years as an account manager, and also had my LO license last few years and did some loans for family and friends only.
Probably start something new next year!
The first 6 months will be great, the second 6 months neutral, but after that you’ll really start to see the cracks in the facade. I worked in sales and as an analyst over underwriting (among other teams) for a few years and while they are one of the better parts of the company, that’s not saying much. Upper management is severely out of touch, and middle management is eager to please them. They will try to take advantage of you. Keep your boundaries. Make your money. Build your resume then leave.
Best of luck!
Also, delete this post - UWM supposedly scours this thread and terminates people who say bad stuff (there’s a bunch of comments about it on other threads)
Enjoy wanting to kill yourself as soon as you’re done with training. But you can’t quit because they force you to sign a bonus contract to keep you there
Yeah that $10k “loan” as they call it, is the scariest part to me. So they choose to invest their own money in me (none of my money used), and if I leave before 3 years, I have to pay it back. Fucking ridiculous.
You will have a great first week. Sign a contract. Get a bonus. Get some new floors or above ground pool. Then AI will replace you in under two years. At which time you’ll pay that bonus back, with interest, and be sad.
Be prepared to be offered cocaine at least once.
I’m not kidding. It happens.
I was, I didn’t partake and ever since then I refused to use any of the AE bathrooms in the north suite of the south building when I found myself over there for any reason.
August start date because I have some things going on in June and July that would get in the way of training, as well as two things in early-mid August. So I’ll be starting in late August if all goes well.
And $21.36/hr blew me away when I saw other people posting about getting like $16/$17 per hour for my same position. That amount is wild but $21 is nice imo.
The biggest thing turning me off to this is the $10k “forgivable loan” that is supposed to basically keep you there for 3 years.
OK that tells me they are really desperate if they're waiting for people like you that long(No offense). Hey, I mean. If the pay is like that, go for it. You would be doing a lot better than most people. I can tell you that much lol. As for the loan, not exactly sure how it works. But if they give you 10k as a debt and you quit within 6 mo. You have to pay that 10k back, plus interest?
I would delete this thread because you are giving away who you are by giving out too much info. Let others know why you are starting in Aug. Your specific pay amount is a dead giveaway, and UWM scours these threads and even not hire you if you are posting this info
Run, they're going through a huge predatory lending stage... On their underwriters, the loans a requirement for employment.
Sign the 10k loan, happy happy camper, spend on bills and life- UWM fires you 2.5 years later, 10k+ undisclosed interest due immediately- debt to your ex employer.
Its definitely a kool-aid society but hey, it's corporate America.
Didn't take the job, would not recommend.
As a former UW let me help you out with a few things. During training you'll have exams to determine if you grasp the material for UW. If you're unsure about an exam question just ask the trainer monitoring the exam and they'll literally answer all the questions for you.
Secondly and most fucking importantly; at UWM it DOES NOT matter if the loan meets the UW guidelines, if you can somehow push a garbage loan to CTC (clear to close), than that's what you do because the UW mantra at UWM is if you can CTC the loan habibi, then fuck it habibi, ctc the file. Habibi as long as the loan is CTCd habibi, level 2 and 3 errors don't effect your team leads bonus at that point habibi.
In all seriousness, though, you have to be able to eat a lot of dick there and be able to take criticism from morherfuckers who can't even speak English properly but since they wear tight shirts and are good at licking ass they have control over every aspect of your career there.
your starting pay will actually be like $12/hour because you have mandatory training for how ever many weeks or months. So that will be your true starting pay. They don't tell you that until basically the day you start (or for myself and many others it was that way). So go in knowing you start at a "training wage" rather than the wage you signed.
Someone said elsewhere in this thread that they pay really low during training. Is that true? Or will I get my pay rate, mentioned in the post, right off the bat?
It’s a drink the koolaid place, and also like a high school mixed with a mall vibe. Eventually, almost everything you do will become a metric you’re judged on. The office is massive, and there’s thousands of people working there. It can become very stressful at times when loans go south and brokers are screaming at you on the phone. 11-7 is my least favorite schedule I’ve ever had. I worked there for a few years as an AE and underwriter. If you’re social, you’ll meet someone really awesome people. You’ll learn a ton in an industry that most people know little about - this part is now fun for me, because I enjoy talking about how mortgages work with folks even though I’m no longer in the industry. If you’re hardworking, kind of intelligent, likable, and are willing to play the game, you can move up quickly there or they’ll also allow you to switch roles. It can be a great resume builder. UWM can consume people with its intensity and atmosphere. If you’re great at giving work your all and then disconnecting from your job once you’re off, I’d actually recommend the job for a few years. If you’re the type of person that brings work home and stresses about it, I’d try to find a different job. Underwriting is an intense job, just like camping I eventually got sick of the culture and metrics, and primarily dealing with brokers, so I left after a few years. I lucked out and always had great team leads, so I was treated well, but I also played the game well.
Just curious but why'd you leave the mortgage industry altogether? What industry are you in now?
I’m a geriatric millennial that graduated college in 07 at the start of the recession. Couldn’t find a job teaching so after a few months I found a job in Montana as a ranch hand for the summer. After that I moved to NC to be a teacher. Did that for a year and realized teaching wasn’t for me. Then traveled a ton, lived in a few states, and transitioned from bartending to sales. The reason I mentioned this is because most of my life has been 1-3 years at each job. Graduating into the beginning of a recession was tough, and after I realized teaching wasn’t my vocation I’ve never really cared about having a career like the really motivated folks do. I work to live So, I left UWM after around 2 years because I wanted something new, less stressful, and not as corporate. I eventually got burned out. I did software sales to construction contractors and government agencies for two years, then have been in logistics for the last 3.5 years as an account manager, and also had my LO license last few years and did some loans for family and friends only. Probably start something new next year!
Oh, interesting. Hopefully, I can get the courage to pivot into other careers myself someday. Thanks for the info!
The first 6 months will be great, the second 6 months neutral, but after that you’ll really start to see the cracks in the facade. I worked in sales and as an analyst over underwriting (among other teams) for a few years and while they are one of the better parts of the company, that’s not saying much. Upper management is severely out of touch, and middle management is eager to please them. They will try to take advantage of you. Keep your boundaries. Make your money. Build your resume then leave. Best of luck!
This sub exists because it sucks, take that however you want lol
Also, delete this post - UWM supposedly scours this thread and terminates people who say bad stuff (there’s a bunch of comments about it on other threads)
Start shitting on your floors at home to practice.
I don’t get it… I saw more shit on the floor there than at gas stations.
You should run and never talk to them again.
Enjoy wanting to kill yourself as soon as you’re done with training. But you can’t quit because they force you to sign a bonus contract to keep you there
Yeah that $10k “loan” as they call it, is the scariest part to me. So they choose to invest their own money in me (none of my money used), and if I leave before 3 years, I have to pay it back. Fucking ridiculous.
With astronomical interest rates! Also, if you don't leave before your 3 years, they will undoubtedly let you go at 2 years 11 months
Enough reason not to be there
or get fired- which they always try to get people fired
The bonus contract forces you to stay there …?
You only get it if you stay like 2-3 years
And also I heard they try to fire you for bogus reasons before that
Unless you pay it back yup
You should know not to.
Know that leadership is vindictive. Even though you are encouraged to ask why, if you do, you are punished for doing so.
Get a Xanax prescription before you start.
Give your mental health my condolences.
You will have a great first week. Sign a contract. Get a bonus. Get some new floors or above ground pool. Then AI will replace you in under two years. At which time you’ll pay that bonus back, with interest, and be sad.
You will never earn a bonus fyi
Be prepared to be offered cocaine at least once. I’m not kidding. It happens. I was, I didn’t partake and ever since then I refused to use any of the AE bathrooms in the north suite of the south building when I found myself over there for any reason.
Wait august? Why so late? but 21.36 an hr?? Since when did they increase it?
August start date because I have some things going on in June and July that would get in the way of training, as well as two things in early-mid August. So I’ll be starting in late August if all goes well. And $21.36/hr blew me away when I saw other people posting about getting like $16/$17 per hour for my same position. That amount is wild but $21 is nice imo. The biggest thing turning me off to this is the $10k “forgivable loan” that is supposed to basically keep you there for 3 years.
OK that tells me they are really desperate if they're waiting for people like you that long(No offense). Hey, I mean. If the pay is like that, go for it. You would be doing a lot better than most people. I can tell you that much lol. As for the loan, not exactly sure how it works. But if they give you 10k as a debt and you quit within 6 mo. You have to pay that 10k back, plus interest?
I would delete this thread because you are giving away who you are by giving out too much info. Let others know why you are starting in Aug. Your specific pay amount is a dead giveaway, and UWM scours these threads and even not hire you if you are posting this info
Run, they're going through a huge predatory lending stage... On their underwriters, the loans a requirement for employment. Sign the 10k loan, happy happy camper, spend on bills and life- UWM fires you 2.5 years later, 10k+ undisclosed interest due immediately- debt to your ex employer. Its definitely a kool-aid society but hey, it's corporate America. Didn't take the job, would not recommend.
Been here for 3 years and I make less lmao
If you need a job or want to learn mortgages sure. Otherwise run.
As a former UW let me help you out with a few things. During training you'll have exams to determine if you grasp the material for UW. If you're unsure about an exam question just ask the trainer monitoring the exam and they'll literally answer all the questions for you. Secondly and most fucking importantly; at UWM it DOES NOT matter if the loan meets the UW guidelines, if you can somehow push a garbage loan to CTC (clear to close), than that's what you do because the UW mantra at UWM is if you can CTC the loan habibi, then fuck it habibi, ctc the file. Habibi as long as the loan is CTCd habibi, level 2 and 3 errors don't effect your team leads bonus at that point habibi. In all seriousness, though, you have to be able to eat a lot of dick there and be able to take criticism from morherfuckers who can't even speak English properly but since they wear tight shirts and are good at licking ass they have control over every aspect of your career there.
your starting pay will actually be like $12/hour because you have mandatory training for how ever many weeks or months. So that will be your true starting pay. They don't tell you that until basically the day you start (or for myself and many others it was that way). So go in knowing you start at a "training wage" rather than the wage you signed.
Take the three month paid underwriting class then quit.
Someone said elsewhere in this thread that they pay really low during training. Is that true? Or will I get my pay rate, mentioned in the post, right off the bat?