Oaktree Partnership and Capital RaiseUWM described Oaktree as more than a source of capital, citing the firm’s experience in mortgage servicing rights, non-agency mortgage markets and capital markets. UWM said Oaktree shares its view of the independent mortgage broker channel and the infrastructure UWM has built to support brokers. UWM said the capital raise would increase total equity to roughly $3 billion. UWM said the expected 1.2-times ratio would be below what it characterized as industry norms of roughly 1.5 to 2 times. About UWM (NYSE:UWMC)United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel.