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Mar 31, 2024
UWM Q1 2024 Earnings Report
UWM's financial performance strengthened with increased volume and margin, delivering positive results from its strategy and investments.
Key Takeaways
UWM Holdings Corporation reported a net income of $180.5 million for Q1 2024. Total loan origination volume was $27.6 billion, with purchase volume accounting for $22.1 billion. The company's performance reflects a strengthening in both volume and margin compared to the previous quarter and an increase in loan originations compared to Q1 2023.
Originated $27.6 billion in 1Q24, compared to $24.4 billion in 4Q23 and $22.3 billion in 1Q23.
Purchase originations reached $22.1 billion in 1Q24, a UWM record for first quarter purchase volume.
Total gain margin was 108 bps in 1Q24 compared to 92 bps in 4Q23 and 92 bps in 1Q23.
Reported net income of $180.5 million in 1Q24 compared to net loss of $461.0 million in 4Q23 and net loss of $138.6 million in 1Q23.
Revenue by Segment
Forward Guidance
UWM anticipates second quarter production to be in the $28 to $35 billion range, with gain margin from 85 to 110 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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