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Mar 31, 2022
UWM Q1 2022 Earnings Report
UWM demonstrated profitability amidst shifting market conditions, with a net income of $453.3 million and a total loan volume of $38.8 billion.
Key Takeaways
UWM Holdings Corporation reported a net income of $453.3 million for Q1 2022, with a total loan volume of $38.8 billion. Purchase volume reached a Q1 record of $19.1 billion. The company's success was attributed to its adaptability and the growth of independent mortgage brokers.
Net income for 1Q22 was $453.3 million, inclusive of a $172.0 million increase in fair value of MSRs.
Loan originations totaled $38.8 billion, a decrease of 21% compared to 1Q21.
Purchase originations reached $19.1 billion, a 56% increase compared to 1Q21 and a Q1 record.
Total gain margin was 99 bps, compared to 219 bps in 1Q21.
Revenue by Segment
Forward Guidance
UWM anticipates second quarter production to be in the $26-$33 billion range, with gain margin from 75 to 90 basis points.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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