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Sep 30, 2023
UWM Q3 2023 Earnings Report
UWM's financial performance remained strong, driven by significant purchase volume and strategic investments.
Key Takeaways
UWM Holdings Corporation reported a net income of $301.0 million for Q3 2023, which included a $92.9 million increase in the fair value of MSRs. The total loan origination volume reached $29.7 billion, with purchase volume accounting for $25.9 billion. The company is focused on growing market share and investing in technology and personnel to prepare for future market changes.
UWM reported a net income of $301.0 million in Q3 2023.
Total loan origination volume reached $29.7 billion, with $25.9 billion in purchase volume.
The company's total gain margin was 97 bps in Q3 2023.
UWM ended Q3 2023 with approximately $2.9 billion in available liquidity.
Revenue by Segment
Forward Guidance
UWM anticipates fourth quarter production to be in the $19 to $26 billion range, with gain margin from 75 to 100 basis points. The company anticipates full year 2023 production to be in the $103 to $110 billion range.
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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