UWM see growth, plans to accept Bitcoin for mortgage payments

Cynthia M. Giguere

United Wholesale Mortgage CEO Mat Ishbia said Monday that the Pontiac-based company plans to start accepting cryptocurrency for payments before year’s end, making it the first major nationwide mortgage lender to do so.

‘We’re excited that hopefully (this year) we can actually execute on that before anyone in the country,” Ishbia said late Monday afternoon in an earnings call with Wall Street analysts.

He later told the Free Press that UWM could begin accepting one or more digital currencies later this quarter or in the fourth quarter.

“I think we’re starting with Bitcoin, but we’re looking at Ethereum and others,” Ishbia said in an interview. “We’re going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do.”

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