DETROIT — A story published Wednesday by Bloomberg depicts United Wholesale Mortgage Holdings Corp.'s workplace culture as hostile, with allegations of sexual harassment, drug use and racial disparities.
Bloomberg says it interviewed more than two dozen people who worked in recent years at the Pontiac, Michigan, mortgage giant led by billionaire businessman Mat Ishbia. Most of the UWM workers requested anonymity.
The almost 2,500-word report doesn't allege any malfeasant actions by Ishbia, who Bloomberg says wasn't made available for the article. But the employees said some underwriting managers treated Black workers differently from White ones; that unwelcome sexual remarks were frequent among sales staff; that employees shared anecdotes of use of cocaine in the headquarters' stairwells and bathrooms, at a client event and at parties hosted by executives at casinos, restaurants and hotels in the Detroit area.
