Update: Better.com, Wise PLC and United Wholesale Mortgage

December 1, 2021 | In this Premium Service edition of The Institutional Risk Analyst, we return to several names that we featured earlier this year, Wise Plc (WISE), Better.com and United Wholesale Mortgage Corp (UWMC). Starting from the ridiculous and working forward to the sublime, we’ll begin with the Katzenjammer Kids antics of UWMC CEO Matt Isihiba and his team, touch wheels in the magical world of new age mortgage lending, and land finally at WISE. Suffice to say that both UWMC and WISE show signs of growing pains and a lack of good business advice and internal controls. Next week, our subscribers will feast upon the Q4 2021 edition of The IRA Bank Book, our quarterly survey and outlook for the US banking industry.

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