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Uwm Holdings Corporation  (UWMC)
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Price: $7.8800 $-0.15 -1.868%
Day's High: $8.12 Week Perf: -0.13 %
Day's Low: $ 7.86 30 Day Perf: 8.54 %
Volume (M): 1,001 52 Wk High: $ 8.34
Volume (M$): $ 7,889 52 Wk Avg: $6.34
Open: $8.00 52 Wk Low: $4.49



 Market Capitalization (Millions $) 764
 Shares Outstanding (Millions) 97
 Employees 7,182
 Revenues (TTM) (Millions $) 1,720
 Net Income (TTM) (Millions $) 249
 Cash Flow (TTM) (Millions $) -134
 Capital Exp. (TTM) (Millions $) 25

Uwm Holdings Corporation
UWM Holdings Corporation, formerly known as United Wholesale Mortgage, is a publicly traded company that operates as one of the largest wholesale mortgage lenders in the United States. The company was founded in 1986 and is headquartered in Pontiac, Michigan. UWM is licensed in all 50 states and provides mortgage products and services through a network of more than 12,000 independent mortgage brokers.

The company's primary offering is wholesale mortgage lending to brokers, who then sell the loans to borrowers. UWM originates, underwrites, and funds loans and then sells them to government-sponsored entities (GSEs), such as Fannie Mae and Freddie Mac. The company also services loans on behalf of the GSEs.

UWM Holdings Corporation has a unique business model in the mortgage industry. Unlike traditional mortgage lenders, UWM does not have a retail banking presence and instead relies solely on a network of independent mortgage brokers to originate loans. This approach allows the company to focus solely on mortgage lending and to provide faster turn times, more flexibility, and more competitive pricing to brokers and borrowers.

In addition to its wholesale mortgage lending operations, UWM Holdings Corporation operates subsidiaries that provide title, appraisal, and closing services. The company also offers technology solutions to its network of brokers, including a proprietary loan origination platform called "EASE."

UWM Holdings Corporation went public in early 2021 through a special purpose acquisition company (SPAC) merger with Gores Holdings IV. The company is now listed on the New York Stock Exchange (NYSE) under the ticker symbol "UWMC."

As of 2021, UWM Holdings Corporation had more than 9,000 employees and reported a revenue of $3.4 billion in 2020. The company prides itself on its customer service, technology, and commitment to transparency and ethical business practices.

Overall, UWM Holdings Corporation is a leader in the wholesale mortgage lending industry and has a track record of growth and innovation.


   Company Address: 585 South Boulevard E. Pontiac, 48341 MI
   Company Phone Number: 981-8898   Stock Exchange / Ticker: NYSE UWMC
   


   

Stock Performances by Major Competitors

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Uwm Holdings Corporation

UWM Holdings Corporation Crushes Earnings Expectations in First Quarter of 2024

UWM Holdings Corporation, the parent company of United Wholesale Mortgage, has once again proven its dominance in the mortgage market with its outstanding performance in loan origination. The company's recent financial report for the first quarter of 2024 is nothing short of impressive, as it witnessed a remarkable revenue rise of 253.408% year on year, reaching a staggering $569.96 million.
What is even more commendable is that UWM Holdings Corporation managed to turn a profit, displaying earnings per share (EPS) of $0.09. This is a significant improvement from the previous quarter, where EPS was at -$0.24 per share. Additionally, the company's revenue surge in the first quarter of 2024 compares favorably to its peers in the Consumer Financial Services industry, as they only experienced a 12.70% business rise in the same period.

Dividend

UWM Holdings Corporation Reports Impressive Loan Origination Numbers in 2023, Despite Recent Market Volatility

Published Wed, Feb 28 2024 2:00 PM UTC


UWM Holdings Corporation, the publicly traded indirect parent of United Wholesale Mortgage (UWM), has announced its outstanding performance in loan origination for the fourth quarter and full year of 2023. With total loan origination volume amounting to $24.4 billion in Q4, of which $20.7 billion was purchase volume, the company has showcased its robust growth in the mo...

Uwm Holdings Corporation

UWM Holdings Corporation Rides High on Loan Origination Success

UWM Holdings Corporation's success in loan origination can be attributed to multiple factors. One notable aspect is the company's ability to adapt to the rising demand for home loans. As the accounts receivable for UWM Holdings Corporation continue to increase, it is a strong indication of rising demand in the market. This trend is expected to continue in the coming months.
In terms of financial performance, UWM Holdings Corporation recorded a net shortfall of $-460.956 million for the October to December 31, 2023 period, compared to $-62.484 million the previous year. This significant increase in shortfall can be attributed to various factors, including market fluctuations and economic conditions. Despite the increase in net loss, the company managed to generate revenue of $1.31 billion during the same period.

Uwm Holdings Corporation

UWM Holdings Corporation Reports Slight Decline in Revenue in Q3 2023, Amid Evolving Consumer Financial Landscape

Uwm Holdings Corporation Shows Resilience Despite Revenue Decline in Third Quarter Earnings Season
Pontiac, Mich. - Uwm Holdings Corporation (NYSE: UWMC), the parent company of United Wholesale Mortgage (UWM), has released its financial results for the third quarter ending September 30, 2023. Despite a decrease in revenue, the company managed to raise its earnings per share, demonstrating its resilience in a challenging market.
In the third quarter of 2023, Uwm Holdings Corporation reported a 15.38% increase in income, with earnings per share reaching $0.15 per share. However, revenue declined by -1.031% to $677.12 million compared to the same period last year. It is worth noting that the all-in-all Consumer Financial Services industry experienced a growth of 0.28% in revenue during the third quarter of 2023, contrary to Uwm Holdings Corporation's trend.

Uwm Holdings Corporation

Uwm Holdings Corporation Defies Industry Trends with Revenue Growth, Despite Decline in EPS

Uwm Holdings Corporation, a Consumer Financial Services company, recently reported its financial results for the most recent fiscal period. Despite a decline in earnings per share (EPS), the company saw an increase in revenue compared to the previous year. This unexpected performance has surprised many, especially when other companies in the Consumer Financial Services industry experienced a contraction in business.
In the most recent fiscal period, Uwm Holdings Corporation's revenue rose by 4.129% to $587.52 million, compared to $564.23 million in the same period last year. However, income fell by -11.11% to $0.08 per share, whereas it was $0.09 per share in the preceding year. These figures reveal a mixed financial performance for the company.






 

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