United Wholesale Mortgage

UWM Holdings Corp. operates as a wholesale mortgage lender. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. The firm provides independent mortgage advisors with a set of technologically driven tools and a value proposition that enables them to offer borrowers that meet the credit rating standards compelling financing alternatives. The company was founded in 1986 and is headquartered in Pontiac, MI.

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UWMC posts record production in Q4 2022, eyes growth opportunities

UWM's Q4 performance reflects resilience and operational profitability despite reported losses, setting a strong foundation for future growth.
Strategic investments in technology, commitment to brokers, and prudent financial management underscore UWM's strengths and long-term vision.
Challenges in market dynamics and potential distractions aside, UWM's focus on growth opportunities and strategic planning bode well for its future success.

UWM reports robust Q1 performance, eyes growth amidst challenges

UWM's Q1 performance showcased strong production numbers and operational success, despite a net loss due to MSR markdown. The company remains committed to growth and supporting broker community success.
Challenges include maintaining gain on sale margin guidance amidst market dynamics and balancing financial metrics with operational achievements. Opportunities lie in continuous growth, product innovation, and market expansion.
With a focus on liquidity enhancement, strategic investments, and market opportunities, UWM aims to navigate challenges and capitalize on potential growth in the jumbo loan market.

United Wholesale Mortgage (UWMC) excels in Q2, poised for growth

United Wholesale Mortgage (UWMC) delivered strong financial results, showcased operational improvements, and emphasized preparedness for market challenges and opportunities. With a focus on broker channel growth, product innovation, and scalability, UWMC remains optimistic about future prospects.

United Wholesale Mortgage (UWMC) excels in Q3 amidst market challenges

United Wholesale Mortgage (UWMC) demonstrates resilience and strength in Q3, showcasing dominance in the purchase market and operational excellence. Despite challenges posed by market conditions, UWMC remains well-positioned for growth and profitability, with a focus on shareholder value creation.

UWM Holdings excels in Q4, eyes growth through technology and brokers

United Wholesale Mortgage (UWMC) had a robust Q4 2023, maintaining its leading position in the market. The company's strategic focus on the broker channel, technology investments, and commitment to growth bode well for future success.

United Wholesale Mortgage (UWMC) excels in Q1 2024, eyes growth

United Wholesale Mortgage (UWMC) reported a robust Q1 2024 performance, showcasing growth, profitability, and strategic market positioning. While facing challenges related to interest rates and industry dynamics, UWMC remains focused on leveraging opportunities for growth through technology, innovation, and strong partnerships with mortgage brokers.

United Wholesale Mortgage posts strong Q2 results, poised for growth

United Wholesale Mortgage (UWMC) demonstrated robust financial performance in Q2 2024, driven by increased production volume and operational efficiency enhancements.
The company's strategic focus on technology, margin stability, and industry dominance underpins its readiness for market opportunities and challenges.
UWMC's proactive approach to balancing growth, expense management, and seizing opportunities positions them well for sustained success and industry leadership.

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UWM Holdings Corp. is a wholesale mortgage lender, which underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. The firm provides independent mortgage advisors with a set of technologically driven tools and a value proposition that enables them to offer borrowers that meet the credit rating standards compelling financing alternatives. The company was founded in 1986 and is headquartered in Pontiac, MI.

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Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.

Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), priced its offering of $800 million aggregate principal amount of 6.625% senior notes due 2030 (the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million. The Notes will be guaranteed on a senior unsecured basis by UWM Holdings' wholly-owned subsidiary, United W.

UWM Holdings Corporation Announces Pricing of Upsized Offering of $800 Million of 6.625% Senior Notes Due 2030

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), has commenced a private offering of $500 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by UWM Holdings' wholly-owned subsidiary, United Wholesale Mortgage, LLC (“United Wholesale Mortgage”), and will rank pari passu in right of payment with United Whole.

UWM Holdings Corporation Announces Offering of Senior Notes Due 2030

UWM Holdings Corporation (NYSE:UWMC ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Blake Kolo - Chief Business Officer & Head, Investor Relations Mathew Ishbia - Chairman & Chief Executive Officer Andrew Hubacker - Chief Financial Officer Conference Call Participants Derek Sommers – Jefferies Bose George – KBW Eric Hagen – BTIG Jeffrey Adelson - Morgan Stanley Terry Ma – Barclays Brad Capuzzi - Piper Sandler Doug Harter – UBS Douglas Harter – UBS Jordan Jay - Philly Financial Operator Good morning. My name is Christina and I will be your conference operator today.

UWM Holdings Corporation (UWMC) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for UWM (UWMC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

UWM (UWMC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.29 per share a year ago.

UWM Holdings Corporation (UWMC) Q3 Earnings Lag Estimates

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the third quarter ended September 30, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain.

UWM Holdings Corporation Announces Third Quarter 2024 Results

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2024 results on Thursday, November 7, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call f.

UWM Holdings Corporation Announces 3Q 2024 Earnings Conference Call

UWMC is outpacing the S&P 500 with a 22% return YTD in 2024, positioning its share price to move higher with the next rate cut cycle. UWM's ability to excel in both purchase and refinance markets has fueled its growth, demonstrating resilience through the rate cycle and aligning itself for an oncoming refinancing & purchasing surge. While bullish on UWM's long-term, housing market softening, recession indicators, and the company's elevated payout ratio need improvement to ensure sustainable profitability for the company.

UWM Holdings: Paving The Path To Success In The Mortgage Lending Industry

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PONTIAC, Mich., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by United Wholesale Mortgage (UWM) in Pontiac, Applications for the no-cost bootcamp are closing September 30.

Mark Cuban Foundation and United Wholesale Mortgage Bring Free AI Bootcamp to Pontiac Teens

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Wedbush Just Raised its Price Target on These 7 Stocks: August 12, 2024

UWM Holdings Corporation (NYSE:UWMC ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Blake Kolo - Chief Business Officer & Head, Investor Relations Mat Ishbia - Chairman & Chief Executive Officer Andrew Hubacker - Chief Financial Officer Conference Call Participants Bose George - KBW Derek Summers - Jefferies Doug Harter - UBS Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Mark DeVries - Deutsche Bank Terry Ma - Barclays Ryan Shelley - Bank of America Operator Ladies and gentlemen, good morning. My name is Abbie and I will be your conference operator today.

UWM Holdings Corporation (UWMC) Q2 2024 Earnings Call Transcript

The headline numbers for UWM (UWMC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

UWM (UWMC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago.

UWM Holdings Corporation (UWMC) Misses Q2 Earnings and Revenue Estimates

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the second quarter ended June 30, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion, of which $27.2 billion was purchase volume. The Company reported 2Q24 net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings pe.

UWM Holdings Corporation Announces Second Quarter 2024 Results

UWM (UWMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate UWM Holdings Corporation (UWMC) to Report a Decline in Earnings: What to Look Out for

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2024 results on Tuesday August 6, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call for.

UWM Holdings Corporation Announces 2Q 2024 Earnings Conference Call

NEW YORK, NY / ACCESSWIRE / May 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

UWM Holdings Corporation Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - UWMC

NEW YORK, NY / ACCESSWIRE / May 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

UWM Holdings Corporation Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - UWMC

NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

ATTENTION UWM Holdings Corporation Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights

NEW YORK, NY / ACCESSWIRE / May 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

Levi & Korsinsky Reminds UWM Holdings Corporation Investors of the Ongoing Investigation into Potential Violations of Securities Laws - UWMC

NEW YORK, NY / ACCESSWIRE / May 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

ATTENTION UWMC SHAREHOLDERS: Investors who Lost Money on UWM Holdings Corporation are Urged to Contact Levi & Korsinsky About an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / May 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.

Investors who Lost Money on UWM Holdings Corporation Should Contact Levi & Korsinsky about an Ongoing Investigation - UWMC

UWM Holdings Corporation (NYSE:UWMC ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Blake Kolo - Chief Business Officer and Head-Investor Relations Mat Ishbia - Chairman and Chief Executive Officer Andrew Hubacker - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Eric Hagen - BTIG Doug Harter - UBS Bose George - KBW Brad Capuzzi - Piper Sandler Operator Good morning. My name is Crysta and I will be your conference operator today.

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