Mat Ishbia
Mat Ishbia is the President and CEO of United Wholesale Mortgage, the nation’s largest wholesale mortgage lender. He is the son of Jeffrey Ishbia, the founder and chairman of United Shore Financial Services, the original entity and parent company of UWM and its other previous brands United Shore and Shore Mortgage. Ishbia joined UWM in 2003 following graduation from Michigan State University, where he was a walk-on participant of the men’s basketball program.
Ishbia advanced through a number of roles in the company, quickly being named President of UWM, the wholesale lending division of USFS. In 2013, he was then appointed as chief executive officer of the full USFS umbrella, including Shore and UWM, supplanting former CEO Kip Kirkpatrick.
Since being appointed as UWM’s CEO, Ishbia has steadily increased the headcount of the company and crafted a reputation as one of the mortgage industry’s most vocal supporters of mortgage brokers and the wholesale channel.
Much of Ishbia’s reputation in the industry is a result of his competitive drive to be the best – most notably his publicly stated desire to topple industry rival Rocket Mortgage as the No. 1 mortgage lender in the country. He notoriously announced an ultimatum for mortgage brokers in March 2020, forbidding brokers who did business with Rocket’s wholesale division, Rocket Pro TPO, from also working with UWM. The move polarized the wholesale channel and created concerns over antitrust violations
Upon taking UWM public on the New York Stock Exchange in January 2021, Ishbia ranked among the wealthiest business leaders in the country on the Bloomberg Billionaires Index.
Latest Posts
Mat Ishbia on CFPB cuts, Trump’s fraud allegations against Cook
Sep 03, 2025Mat Ishbia, president and CEO of United Wholesale Mortgage, weighed in on recent moves by the Trump administration.
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UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute
Aug 28, 2025 -
UWM swings back to profitability in Q2 amid surging volumes, margins
Aug 07, 2025 -
UWM announces 90-bps refinance incentive
Aug 06, 2025 -
Bilt raises $250M to expand into mortgages, with backing from UWM
Jul 10, 2025 -
Allen Beydoun becomes UWM’s first chief client officer
Jun 30, 2025 -
UWM revives 1% down payment program with higher assistance cap
Jun 11, 2025 -
Justin Ishbia strikes deal to buy Chicago White Sox
Jun 05, 2025 -
Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Jun 02, 2025 -
UWM will offer 5/1 ARMs for FHA and VA loans
May 28, 2025 -
Lower rates spur refis at UWM, hit MSR valuations in Q1
May 06, 2025 -
UWM again extends 60 bps pricing incentive through May
Apr 01, 2025