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Dec 31, 2022
UWM Q4 2022 Earnings Report
UWM's Q4 2022 performance reflected a net loss, but the company maintained its position as the #1 overall mortgage lender and achieved significant purchase volume.
Key Takeaways
UWM Holdings Corporation reported a net loss of $62.5 million for Q4 2022, which includes a $150.8 million decline in the fair value of MSRs. Despite the loss, UWM remained the #1 overall mortgage lender in the U.S. with a total loan origination volume of $25.1 billion, driven by a strong purchase volume of $21.7 billion. The company's market share in the wholesale channel was 54% for the quarter.
UWM was the number one overall mortgage lender in the U.S. for the second consecutive quarter.
Total loan origination volume for Q4 2022 was $25.1 billion, with $21.7 billion in purchase volume.
The company reported a net loss of $62.5 million, which includes a $150.8 million decline in the fair value of MSRs for Q4 2022.
UWM achieved an 11% share of the overall mortgage market and a 54% share of the wholesale channel in Q4 2022.
Revenue by Segment
Forward Guidance
UWM anticipates first quarter production to be in the $16 to $23 billion range, with gain margin from 75 to 100 basis points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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