RealTrending: Mortgage industry trends with Vince Parlove of United Wholesale Mortgage

This podcast is sponsored by United Wholesale Mortgage

With an emphasis on making the transaction easy, Vince Parlove, director of wholesale development for United Wholesale Mortgage (UWM) talks about their service and offers some interesting insight into mortgage industry trends and the impact on the housing market.

Here is a small preview of today’s interview with Parlove, recorded at the RealTrends Gathering of Eagles. The transcript below has been lightly edited for length and clarity:

Tracey Velt: Tell me about some of the challenges that you’re seeing coming down the road and what are some misconceptions that people have about wholesale mortgage?

Vince Parlove: So this is going back a little bit, 2006, ’07 or ’08, you know what I mean, when the crash happened. I personally believe that the independent mortgage broker maybe got a little bit harsher rap than they should have. There are some unscrupulous people, there’s no doubt about it. But as you and I know being in this business for a little while, there’s unscrupulous people on both sides of the fence all the time. Now, that’s dissipating. I think people are seeing that independent mortgage brokers are a viable option. So the challenges, I think, are still fighting that a little bit.

I think that if there’s one thing that folks listening to this are going to take away, is that you must give yourself options. Rightly so, a mortgage is a scary thing, right? But give yourself options. Have two or three people compete for your business. If you do that, it opens up more, I think it would be great for everybody involved in the transaction.

REAL Trending features the brightest minds in real estate. Twice a month, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Victoria Wickham.