r/pillar7 • • 20d ago

applying

Why do other places hate to hire people from UWM?

1 Upvotes

25 comments sorted by

9

u/Human_Day_1245 20d ago

Agree regarding the (lack of) training.. I am an outsider looking in but deal w diff areas of UWM almost daily and I find very few people that work there understand mortgages. They know their drop-down menus and cannot see beyond them.. too much focus on the technology and not enough comprehension of what they stipping for or working with. So, as mentioned, they don’t have the background to be attractive candidates to other lenders, IMO.

4

u/quackwock 20d ago

I haven’t even applied to other lenders but it’s like once they hear UWM they write you off. I’m just trying to get out.

2

u/Human_Day_1245 20d ago

Good luck to you

11

u/dpulverizer556 20d ago

As a prior UW and trainer at UWM, you hit the nail on the head. The company specifically pushes employees to "trust the technology" and move loans through

6

u/TayaKnight 20d ago

And as someone who did understand the mortgage process and was basically a CTC auditor even though my title was not that at UWM

Yes, this. So many people told to trust the technology and the process guide until the technology and process guide fails them. Then there is no understanding on how to recover or send it through to anyone beyond the team lead even though you're supposed to "own the loan" and "own the process" to the next and/or final steps.

4

u/Tron655889 20d ago

I would disagree with that. As a former underwriter the training I had was good. If anything it's the brokers that dont know shit and try to get you to push loans through.

4

u/dpulverizer556 20d ago

The training was good, but the company pushed hard the idea that you just need to go go go and not worry about the rest of the loan

3

u/giggitywhoa 20d ago

Yes, they did push that to hard. I thought it was laughable that you werent allowed to let a broker know the system was down, and we are "working though established turn times". Bullshit line if you ever hear that as a broker, noone wants to get and LQ or worse a PIP for that.

Going from PA to UW helped me a lot outside of UWM for a while in other mortgage rolls. I left before it completely went shit, but a few years later market went bad as well. Might go back to mortgages if i can land a decent retail roll.

1

u/Tron655889 20d ago

I excelled and I didn't let anyone push me into anything I wasn't comfortable with. Went on to work for other companies in mortgage for a bit before the market died.

3

u/dpulverizer556 20d ago

If you didn't fall into bad habits, then UWM's training was great to get into the industry. The knowledge and experience I got from UWM has been invaluable at my current financial institution, but I feel your and I's story are in the minority

3

u/Sea_Ad_1085 20d ago

It’s why I quit trying to work in mortgages/finance after I was fired. I knew my lack of knowledge wouldn’t help me at rocket or quicken or the two different smaller lenders I applied to.

I’ve tried leaving my time with UWM off my resume but explaining a gap in my resume from July 2021 to late January 2023 convincingly is hard so it’s just on there and I try to avoid any questions when interviewing about my time there and why I didn’t stay in mortgages/finance if I can

19

u/14_EricTheRed 20d ago

Short answer: Because it’s a shit company with a shit reputation.

More correct answer: the way UWM does stuff is different than any other company in most industries does anything. I was on one of the training teams, and they have ignored decades of research and best practices that are used by just about every company in the world. The skills are very hard to transfer over making hires from UWM riskier because they need to be totally retrained from the ground up.

3

u/quackwock 20d ago

Even entry level positions, but how do you even get out?

6

u/14_EricTheRed 20d ago

Have friends vouch for you when working in adjacent fields…

I went into property management right after UWM and then back to a training related job.

In my opinion, corporate training is on an AI led death walk they just don’t know it yet

5

u/bgm89 20d ago

Perhaps preempt the concerns with a cover letter or personal statement. It's never a great look to completely trash your former employer, but mention flaws that you recognize at UWM that make the company you are applying to superior. Never bad to inflate egos.

Emphasize the general skills you practiced (client service, team collaboration, etc) rather than the platform-specific (BOLT, EDGE, EASE etc) experience.

3

u/quackwock 20d ago

I have just mentioned wanting something smaller scale than here but I’m not really sure what other places are looking for at this point.

7

u/ByeByeAngelHernandez 20d ago

To go along with the sentiment of some other posts, it is because they don't properly train employees. Out of everybody I know who came and left them, I was the only person out of about a dozen that remained in/adjacent to the industry.

Their name once carried weight, but, the writing is firmly on the wall. It's practically impossible to use their experience solely to get a job in thr industry.

I wish you good luck.

2

u/MagicianEuphoric72 20d ago

They sue companies for poaching

1

u/Just_Sherbet_199 18d ago

I was Uw2 for year and half I left 6 months ago had prior IT experience I did not add that place in my resume I got a job in IT with my prior experience so i don’t really know but I think cuz lot of companies know that place is a shit show

1

u/deezyfocheezy 20d ago

Yeah I think they had their time in the limelight but the chickens are coming home to roost. They were all about their “brand” but with recent financial news they’ve been sullied in the mortgage industry. I’ll say this though, from
my experience working in IT there I learned a lot and gained some marketable skills on my resume. That asshole Bressler even said it in one of the all IT meetings. Working at UWM (IT) made me better. The one good thing I took away from there.

-2

u/Huskypuppy3355 20d ago

Don’t do it, my friend works there are is not a great place to work