| Market Capitalization (Millions $) |
469 |
| Shares
Outstanding (Millions) |
338 |
| Employees |
9,100 |
| Revenues (TTM) (Millions $) |
3,578 |
| Net Income (TTM) (Millions $) |
-105 |
| Cash Flow (TTM) (Millions $) |
-66 |
| Capital Exp. (TTM) (Millions $) |
61 |
Business Description
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
|
