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Jun 30, 2024
UWM Q2 2024 Earnings Report
UWM's financial performance demonstrated resilience with a net income of $76.3 million and a loan origination volume of $33.6 billion.
Key Takeaways
UWM Holdings Corporation reported a net income of $76.3 million for the second quarter of 2024. The total loan origination volume reached $33.6 billion, with purchase volume accounting for $27.2 billion. The company's gain margin was 106 bps. UWM LIVE! hosted over 5,000 independent mortgage brokers, processors, and real estate agents.
Originated $33.6 billion in loans, with $27.2 billion in purchase volume.
Achieved a net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs.
Total gain margin was 106 bps.
Available liquidity was approximately $2.7 billion, including $680.2 million in cash.
Revenue by Segment
Forward Guidance
The company anticipates third quarter production to be in the $31 to $38 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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