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Mar 31, 2021
UWM Q1 2021 Earnings Report
UWM Holdings Corporation reported a net income of $860 million and loan volume of $49.1 billion for Q1 2021.
Key Takeaways
UWM Holdings Corporation announced strong first-quarter results, with a net income of $860 million, a 42x increase over Q1 2020, and a loan volume of $49.1 billion, a 16% increase from Q1 2020. The company's Board of Directors declared a quarterly dividend of $0.10 per share and authorized a share repurchase program of up to $300 million.
Net income reached $860 million, a 42x increase compared to Q1 2020.
Loan volume totaled $49.1 billion, up 16% from Q1 2020.
Total gain margin was 219 bps, compared to 95 bps in Q1 2020.
The Board of Directors authorized a share repurchase program of up to $300 million.
Revenue by Segment
Forward Guidance
UWM anticipates second quarter production to be in the $51-$55 billion range, with expected gain margin between 75 and 110 bps.
Positive Outlook
- UWMC expects to do more business in 2Q21 than 1Q21.
- UWMC believes that it will be one of the only mortgage companies in America that grows in a rising rate environment.
- Second quarter production is anticipated to be in the $51-$55 billion range.
- Expected gain margin between 75 and 110 bps.
- Purchase focus and broker network will drive growth.
Challenges Ahead
- Guidance assumes successful navigation of macroeconomic conditions.
- Guidance is subject to U.S. residential real estate market conditions.
- Guidance is subject to changes in U.S. monetary policies that affect interest rates.
- Guidance is subject to UWM's ability to sell loans in the secondary market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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