Top Industry Leader Vandad Fartaj Joins UWM as First Chief Investment Officer

PONTIAC, Mich.--(BUSINESS WIRE)--UWM announced the appointment of Vandad (Vandy) Fartaj as its first-ever Chief Investment Officer, a significant milestone in the company's continued growth and long-term strategic vision.

A respected leader with three decades of experience across mortgage banking, capital markets, investing and finance, Vandy brings a proven track record of driving performance, building scalable capital markets and investment platforms, and delivering consistent results in dynamic market environments.

In this newly created role, Vandy will lead capital markets initiatives and investment strategies and work across the organization to help shape UWM’s capital strategy and portfolio management efforts while helping position the organization for its next phase of growth.

"At UWM, we believe great companies are built by great people, and Vandy is exactly the type of leader we want on our team," said Mat Ishbia, President and CEO of UWM. "He's earned a reputation as one of the best in the business through his deep capital markets knowledge, relentless work ethic and proven track record of delivering results. I have no doubt he'll make an immediate impact here."

Prior to joining UWM, Vandy spent 15 years with PennyMac, where he served as Chief Investment Officer and was instrumental in the company's success and growth. During his time there he was widely recognized for his capital markets knowledge and strategic insight, and played a key role in developing investment strategies, strengthening market positioning and driving long-term value.

Known throughout the industry for his integrity, expertise and collaborative leadership style, Vandy has earned the trust and respect of partners, investors and colleagues alike.

"I'm excited to join an organization with such a strong foundation and ambitious vision for the future," said Vandy Fartaj. "The opportunity to help build and lead the investment function at this stage is incredibly compelling. I look forward to working with the talented team here to continue driving innovation, performance and value for our stakeholders."

The appointment underscores UWM's continued commitment to the broker channel, team members and shareholders and focus on strategic growth.

About UWM Holdings Corporation and United Wholesale Mortgage

Headquartered in Pontiac, Michigan, UWM Holdings Corporation (UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC (“UWM”). UWM is the nation’s largest home mortgage lender, despite exclusively originating mortgage loans through the wholesale channel. UWM has been the largest wholesale mortgage lender for 11 consecutive years and is also the largest purchase lender in the nation. With a culture of continuous innovation of technology and enhanced client experience, UWM leads the market by building upon its proprietary and exclusively licensed technology platforms, superior service and focused partnership with the independent mortgage broker community. UWM originates primarily conforming and government loans across all 50 states and the District of Columbia. For more information, visit uwm.com or call 800-981-8898. NMLS #3038.