United Wholesale Mortgage rocked by toxic culture claims

By: ameer@trustedteam.com

Read next: Racial discrimination alive in housing market

“UWM does not tolerate cocaine or any drug use,” the lawyers said in a written statement, providing a photo of an office entrance marked with the words ‘tobacco, drug, and weapon free campus.’ They added that “UWM’s culture is built on mutual trust, respect, and kindness,” noting that Fortune recognized the company as one of the best workplaces for millennials in 2020.

One account executive said she faced gender discrimination from her manager, who pushed her out of her position last year, telling her she was “not emotionally intelligent.” The former employee allegedly sent a letter to CEO and president Mat Ishbia detailing the humiliation she experienced, including one instance where a male colleague questioned if she was having her period. Ishbia sent a response, which was checked by Bloomberg, thanking the woman for reaching out, promising to investigate the misconduct, and wishing her luck in the future.

The report did acknowledge that none of the employees said Mat Ishbia, president and CEO, himself used racial slurs or sexually harassed employees. Some even said Ishbia helped them jumpstart their careers, provided opportunities for large commissions, and motivated them to believe in the company’s mission. Bloomberg said UWM did not make Ishbia available for an interview regarding this matter.

UWM chief marketing officer Sarah DeCiantis released a statement saying that any attempt to portray a negative culture was “false and misleading.”

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