Headquartered in Pontiac, MI Fiscal year ends December NYSE: UWMC uwm.com
UWM Holdings Corporation (NYSE: UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC (UWM). UWM describes itself as the largest wholesale mortgage lender for eleven consecutive years and the largest purchase lender in the U.S.
UWM originates residential mortgages exclusively through independent mortgage brokers. It lends across all 50 states and the District of Columbia, primarily conforming (Fannie Mae/Freddie Mac) and government (FHA, VA, USDA) loans. It also offers jumbo, construction, non-QM and HELOC products.
The company earns revenue from three sources:
- Loan production income, from gain on sale of originated loans.
- Loan servicing income, from a mortgage servicing rights portfolio of about $269.8 billion in unpaid principal balance.
- Interest income.
UWM relies on proprietary and exclusively licensed technology platforms. These increasingly include AI tools for brokers, such as ChatUWM, the ChatUWM mobile app and a Mortgage Matchup plugin for ChatGPT. The company recently added redeemable Series A-1 and A-2 preferred stock to its capital structure. Updated
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UWM Holdings Corporation (NYSE: UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC (UWM). UWM describes itself as the largest wholesale mortgage lender for eleven consecutive years and the largest purchase lender in the U.S.
24/7 Wall St.'s 12-month price target for UWMC is $1.81, rated Buy. The Wall Street consensus target is $1.86. UWMC price prediction →
