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Jun 30, 2021
UWM Q2 2021 Earnings Report
Reported a net income of $138.7 million, driven by a record quarterly total loan volume of $59.2 billion and purchase volume of $24.1 billion.
Key Takeaways
UWM Holdings Corporation reported strong second-quarter results with a net income of $138.7 million. The company achieved record loan origination volume, driven by a significant increase in purchase volume, despite a decline in the fair value of mortgage servicing rights.
Originations reached $59.2 billion, a 90% increase from Q2 2020.
Purchase originations totaled $24.1 billion, a 288% increase compared to Q2 2020.
Net income was $138.7 million, including a $219.1 million decline in the fair value of MSRs.
The company maintained an average application to clear to close time of approximately 18 days, significantly better than the estimated industry average.
Revenue by Segment
Forward Guidance
The company anticipates third-quarter production to be in the $57-$62 billion range, with an expected gain margin between 75 and 100 bps.
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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