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Mat Ishbia
Mathew Randall Ishbia (born January 6, 1980) is an American billionaire businessman who is CEO and chairman of mortgage lender United Wholesale Mortgage. He is the majority owner of the Phoenix Suns of the National Basketball Association, NBA and Phoenix Mercury of the Women's National Basketball Association, WNBA alongside his older brother, Justin Ishbia, Justin. Early life and education Ishbia was raised in a American Jews, Jewish family in Birmingham, Michigan. He played basketball as a walk-on point guard for Michigan State Spartans men's basketball, Michigan State from 1999 to 2002 and was a member of the team that won the 2000 NCAA Division I men's basketball championship game, national championship in 2000. Career In 2013, Ishbia became the CEO of United Wholesale Mortgage (UWM), an American mortgage lender founded by his father in 1986. In 2015, under his leadership, the company became the leading wholesale mortgage lender in the United States. In 2019, Ishbia publish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United Wholesale Mortgage
United Wholesale Mortgage (UWM), formerly United Shore Financial Services, is an American wholesale mortgage lender headquartered in Pontiac, Michigan. UWM underwrites loans for independent brokers, and as of 2024 is the largest mortgage lender in the United States. History United Wholesale Mortgage was founded by Jeff Ishbia in 1986 while working as an attorney. He founded the company as a side business under the name Shore Mortgage. It started off focusing on conventional and FHA loans and the name was later changed from Shore Mortgage to United Wholesale Mortgage. By 2003, the company had 13 employees. It experienced large growth during the 2000s United States housing bubble after larger banks such as Wells Fargo and Bank of America exited the wholesale mortgage lending market. Jeff's son Mat Ishbia was the president of the company until he was named CEO in 2013. Under the younger Ishbia, UWM grew from a local mortgage lender to a large-scale, national lender. In 2018, UWM ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |