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Sep 30, 2022
UWM Q3 2022 Earnings Report
UWM became America's #1 overall mortgage lender, reporting a net income of $325.6 million and a total loan origination volume of $33.5 billion, driven by a record purchase volume of $27.7 billion.
Key Takeaways
UWM Holdings Corporation announced strong Q3 2022 results, achieving the position of America's #1 overall mortgage lender. The company reported a net income of $325.6 million, driven by a record purchase volume. Total loan origination volume reached $33.5 billion, with purchase volume accounting for $27.7 billion.
UWM became the #1 overall mortgage lender in America, surpassing Rocket Mortgage.
Net income for Q3 2022 was reported at $325.6 million, which included a $236.8 million increase in fair value of MSRs.
Total loan origination volume reached $33.5 billion, with purchase volume hitting a record $27.7 billion.
The company's Application to Clear to Close averaged approximately 17 business days, significantly faster than the industry average.
Revenue by Segment
Forward Guidance
UWM anticipates fourth quarter production to be in the $19-$26 billion range, with gain margin from 40 to 70 basis points.
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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