Loading...
•
Dec 31, 2023
UWM Q4 2023 Earnings Report
UWM's Q4 2023 results were announced, revealing a net loss driven by MSR markdown, but operationally profitable with significant purchase loan origination volume.
Key Takeaways
UWM Holdings Corporation reported a Q4 2023 total loan origination volume of $24.4 billion, with $20.7 billion from purchase volume. The company experienced a net loss of $461.0 million, which includes a $634.4 million decline in the fair value of MSRs, resulting in a diluted loss per share of $0.29. Despite the net loss, the company highlights its operational profitability and leading position in purchase origination and wholesale lending.
Total loan origination volume reached $24.4 billion, with purchase volume comprising $20.7 billion.
The company reported a net loss of $461.0 million, impacted by a $634.4 million decline in the fair value of MSRs.
Total gain margin was reported at 92 bps for the quarter.
Adjusted EBITDA amounted to $99.6 million.
Revenue by Segment
Forward Guidance
UWM anticipates first quarter production to be in the $22 to $28 billion range, with gain margin from 80 to 105 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
Loading earnings performance data...
Loading earnings reaction data...