When Bilt raised their last round of funding which valued the company at over $10 billion dollars, it included an announcement that UWM (United Wholesale Mortgages) had invested $100 million dollars into the round. So even in July, we knew who the launch partner would be for mortgages, something we’ve long known was “eventually” coming.
Today’s announcement doesn’t add a ton onto what we’ve already know (if you were paying attention!) but it does give us more of a sense of when this will all happen and that is early next year.
The press release states “The phased rollout of services between UWM and Bilt will begin in early 2026. Full product details, implementation timelines, and the transition process for existing UWM customers will be announced in the coming months.”
And there is how they specifically describe the Bilt / UWM partnership as far as earn:
● Earn Bilt Points with every on-time mortgage payment through Bilt’s reward program, ranked as the highest-value rewards currency in the market;
● Experience the industry’s fastest, most seamless, and cost efficient origination
process through UWM;
● Access exclusive neighborhood benefits including special offers from more than
40,000 local merchants nationwide, making homeownership more rewarding beyond
the four walls of one’s home;
● Earn Bilt Points during origination—Bilt’s 5+ million members can earn points on
their monthly payments when working with UWM brokers.
I have just a couple of questions (which I have posed to Bilt but have not heard back yet).
One is if this only applied to brand new mortgages or might it apply to refinances? I’m sure there are many people that would love to refi and start earning points for their mortgage. The second, which is obviously trickier, is if there will be rate parity on loans originated via Bilt vs without. One would hope the rates will be identical and the loan originator is considering the points as a marketing fee the same way they would be paying any middle man. If so, there is likely (we still need to see earn rates!) a HUGE reason to choose the Bilt network for a mortgage. Frankly, if I am being offered 6% without Bilt points or 6% with Bilt points, it’s a pretty obvious choice.
Also note that this confirms that, at least in phase one of this rollout, you won’t just be able to throw any old mortgage on to your Bilt credit card.
My guess (hope?) is that they plan to roll it out this way first and *eventually* get to where they are on rent payments – any lender, one way or another.
Thoughts?
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