The country’s largest mortgage lender plans to hire 500 people and is holding a job fair on Saturday, days after Bloomberg News exposed allegations of drug use, discrimination and harassment.
In times like these, double down on your skills, knowledge and yourself. On August 8-10 he’ll be at Inman Connect Las Vegas to lean into your shift and learn from the best. Get your tickets now at the lowest price.
UWM, the country’s largest mortgage lender, plans to hire 500 people and is holding a job fair on Saturday. bloomberg news We uncover details of the company’s alleged “locker room culture” of drug use, racism and sexual harassment.
More than 20 current and former United Wholesale Mortgage employees were interviewed. bloomberg in order to April 12 article .
UWM lawyer said bloomberg The company does not tolerate drug use, racial discrimination, or sexual harassment, and managers were not informed of the troubling behaviors and practices described in the article.
In a statement, UWM Chief Marketing Officer Sarah DeCiantis said: bloomberg All attempts to portray negative culture are “false and misleading” and the story is “more than disgruntled individuals and competitors pushing false narratives into the media.” ” There was nothing to suggest that.
Rising interest rates have been tough on the mortgage industry as a whole, and the business of refinancing existing borrowers was booming when interest rates hit historic lows during the pandemic.
UWM CEO Mat Ishbia said in March that the company had “never laid off in its 37 years in business” and “will never lay off,” although the company’s headcount fell to 2,000 last year. decreased to approximately 6,000 employees. A UWM spokesperson told Inman that the job cuts were due to “attrition.”
On the same day Bloomberg’s the story is broken, detroit free press Revealed story details UWM plans to employ 500 employees Over the next three months, he said, “Many of Metro Detroit’s mortgage executives started their careers with zero industry experience and still worked their way up the ranks.”
A UWM spokesperson said the hiring is aimed at increasing the company’s total headcount, rather than simply replacing workers lost through job cuts. . free press.
Hosted by UWM Walk-in interview It will take place on Saturday, April 15th from 8:00 am to 4:00 pm at the UWM North Campus at 585 South Blvd. At E. Pontiac. Those wishing to attend can pre-register or “just show up” to avoid the lines.
Get Inman’s Extra Credit newsletter delivered directly to your inbox. A weekly roundup of the world’s biggest mortgage and closing news delivered every Wednesday. Click here to subscribe.
Email Matt Carter
