The company has been recognized for the volume of mortgages granted to low-income borrowers
STRONGVILLE, Ohio, June 14, 2022–(BUSINESS WIRE)–Union Home Mortgage (UHM), a high-growth independent mortgage company with a world-class culture, today announced that Freddie Mac has named the company a 2022 Home Possible RISE Rewards winner in the highest volume category.
Now in its fifth year, the Home Possible Recognizing Individuals for Sustained Excellence (RISE) awards are an annual program that celebrates excellence in creating Freddie Mac Home Possible mortgages, which are loans that offer flexible options and down payments as low as 3% to responsibly increase homeownership opportunities for very low to low income borrowers. The Largest Volume category is reserved for top originators among national and local organizations that originate and/or aggregate the largest number of Home Mortgages Possible. UHM received top honors among regional institutions for the volume of Home Possible mortgages it originated in 2021.
“Union Home Mortgage is committed to making homeownership a reality for individuals and families living within our communities,” said Bill Cosgrove, President and CEO of Union Home Mortgage. “We are proud to be recognized by Freddie Mac as a Home Possible RISE award winner for our efforts to increase access to mortgages for borrowers who are too often underserved by traditional lending institutions. responsible access to more inclusive mortgages, UHM is playing the game on the ground and expanding opportunities for creditworthy individuals across our footprint to realize their dream of home ownership.”
Freddie Mac purchased over 130,000 Home Possible mortgages in 2021. Since 2015, the organization has made homeownership possible for over 643,000 families through the purchase of over $126.5 billion Home Possible loans.
Freddie Mac will recognize UHM and other Home Possible RISE award winners at the FreddieMacCONNECT virtual conference on September 20-21.
About the Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, independent, full-service retail, wholesale and consumer mortgage company with more than 150 branches across the United States. For 7 consecutive years, UHM has received the Top Workplace award. With a world-class culture that stands out in the mortgage industry, UHM Partners (employees) is guided by a code of conduct that emphasizes respect, open communication and accountability. UHM is an approved direct lender to Fannie Mae, Freddie Mac, FHA, VA, USDA, and other compliant and non-QM lending products, with over $13 billion in responsible lending annually.
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Kaila Taton, 440-863-3212