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Dec 31, 2021
UWM Q4 2021 Earnings Report
UWM Holdings Corporation's Q4 2021 financial results were announced, marked by a net income of $239.8 million and a record fourth quarter total loan volume of $55.2 billion.
Key Takeaways
UWM Holdings Corporation reported a net income of $239.8 million for Q4 2021. The company achieved a record fourth quarter total loan volume of $55.2 billion, including $24.5 billion in purchase volume. The net income includes a $139.0 million decline in fair value of mortgage servicing rights (MSRs).
Originated $55.2 billion in loans, slightly above $54.7 billion in 4Q20.
Purchase originations increased by 103% to $24.5 billion compared to $12.1 billion in 4Q20.
Net income was $239.8 million, inclusive of a $139.0 million decline in fair value of MSRs.
The company achieved approximately 33% market share of the wholesale channel for the quarter ended December 31, 2021.
Revenue by Segment
Forward Guidance
We anticipate first quarter production to be in the $33-$42 billion range, with expected gain margin between 75 and 85 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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