Earnings summaries and quarterly performance for UWM Holdings.
Executive leadership at UWM Holdings.
Mat Ishbia
Detailed
Chief Executive Officer and President
CEO
AE
Alex Elezaj
Detailed
Executive Vice President, Chief Strategy Officer
LL
Laura Lawson
Detailed
Executive Vice President, Chief People Officer
MW
Melinda Wilner
Detailed
Executive Vice President, Chief Operating Officer
AW
Adam Wolfe
Executive Vice President, Chief Legal and Administrative Officer
RH
Rami Hasani
Executive Vice President, Chief Financial Officer
Board of directors at UWM Holdings.
Research analysts who have asked questions during UWM Holdings earnings calls.
Bose George
Keefe, Bruyette & Woods
4 questions for UWMC
Also covers: ACT, AGM, AGNC +25 more
DH
Douglas Harter
UBS
4 questions for UWMC
Also covers: ACRE, ACT, AGNC +42 more
Eric Hagen
BTIG
4 questions for UWMC
Also covers: AGNC, AOMR, ARR +21 more
Jeffrey Adelson
Morgan Stanley
4 questions for UWMC
Also covers: ALLY, AXP, BFH +6 more
MG
Mikhail Goberman
Citizens JMP
3 questions for UWMC
Also covers: ARR, BETR, CHMI +5 more
TM
Terry Ma
Barclays
3 questions for UWMC
Also covers: AER, AL, AXP +15 more
BC
Bradley Capuzzi
Piper Sandler
2 questions for UWMC
Also covers: LC, LFT, MITT +1 more
Derek Sommers
Jefferies
1 question for UWMC
Also covers: CODI, COOP, GHLD +4 more
JJ
Jordan Jay
Philly Financial
1 question for UWMC
Recent press releases and 8-K filings for UWMC.
TWO Announces Q4 2025 Dividends Amidst Pending Acquisition by UWM Holdings
UWMC
Dividends
M&A
- TWO declared a common stock dividend of $0.34 per share for the fourth quarter of 2025, payable on January 29, 2026.
- Preferred stock dividends for Q4 2025 were also announced, including $0.50781 for Series A, $0.47656 for Series B, and $0.58343 for Series C, all payable on January 27, 2026.
- These dividends are declared as UWM Holdings Corporation (UWM) is expected to acquire TWO in an all-stock transaction, with the closing anticipated in the second quarter of 2026.
- Prior to the merger's closing, TWO intends to pay regular quarterly dividends consistent with past practice, but will not pay a partial dividend for the quarter in which the closing occurs if it is not at quarter-end.
Dec 18, 2025, 9:15 PM
UWMC Announces Acquisition of Two Harbors Investment Corp.
UWMC
M&A
New Projects/Investments
- UWM Holdings Corporation (UWMC) announced a definitive merger agreement to acquire Two Harbors Investment Corp. (TWO) in an all-stock transaction valued at $1.3 billion.
- TWO stockholders will receive a fixed exchange ratio of 2.3328 shares of UWMC Class A Common Stock for each share of TWO common stock, representing an $11.94 per share value and a 21% premium to TWO's 30-day volume weighted average price as of December 16, 2025.
- The acquisition is expected to nearly double UWMC's mortgage servicing rights (MSR) portfolio to approximately $400 billion and generate approximately $150 million in annual cost and revenue synergies.
- The transaction is anticipated to close in the second quarter of 2026, subject to stockholder and regulatory approvals.
- Upon completion, UWMC shareholders will own approximately 87% and TWO shareholders approximately 13% of the combined company.
Dec 17, 2025, 9:40 PM
UWMC Announces Acquisition of Two Harbors Investment Corp.
UWMC
M&A
New Projects/Investments
- UWM Holdings Corporation (UWMC) will acquire Two Harbors Investment Corp. (TWO) in an all-stock transaction valued at $1.3 billion in equity.
- TWO stockholders will receive a fixed exchange ratio of 2.3328 shares of UWMC Class A Common Stock for each share of TWO common stock, representing an $11.94 per share value based on UWMC's closing price as of December 16, 2025.
- The acquisition is expected to nearly double UWMC's MSR portfolio to approximately $400 billion, adding TWO's $176 billion UPB MSR portfolio, and is anticipated to generate approximately $150 million in annual cost and revenue synergies.
- The transaction is expected to close in the second quarter of 2026, subject to stockholder and regulatory approvals.
Dec 17, 2025, 1:30 PM
UWMC Reports Strong Q3 2025 Results and Provides Q4 Guidance
UWMC
Earnings
Guidance Update
New Projects/Investments
- UWM Holdings Corporation (UWMC) reported strong third quarter 2025 results, with $41.7 billion in loan production, a 130 basis points gain margin, $12.1 million in net income, and $211.1 million in adjusted EBITDA.
- For the fourth quarter of 2025, UWMC expects loan production between $43 billion and $50 billion and a gain margin of 105-130 basis points.
- The company's AI assistant, Mia, made over 400,000 calls and contributed to over 14,000 closed loans, primarily refinances, demonstrating significant operational impact.
- UWMC is on track to bring servicing in-house by Q1 2026, with all new loans closing in 2026 to be serviced internally, and reported a strong liquidity position of $3 billion (or $2.2 billion after bond payoffs).
Nov 6, 2025, 3:00 PM
UWM Holdings Corporation Announces Q3 2025 Results and Q4 2025 Outlook
UWMC
Earnings
Guidance Update
Dividends
- UWM Holdings Corporation reported Q3 2025 loan origination volume of $41.7 billion, total revenue of $843.3 million, net income of $12.1 million, and adjusted EBITDA of $211.1 million, achieving a total gain margin of 130 basis points.
- The company provided Q4 2025 production guidance in the range of $43 billion to $50 billion, with an expected gain margin of 105 to 130 basis points.
- A cash dividend of $0.10 per share was declared for the twentieth consecutive quarter, payable on January 8, 2026, to stockholders of record on December 18, 2025.
- UWM is advancing its strategy to bring servicing in-house in January through a collaboration with BILT and has utilized its AI Loan Officer Assistant, Mia, to generate over 14,000 loans for brokers.
Nov 6, 2025, 1:46 PM
UWM Holdings Corporation Announces Third Quarter 2025 Results and Q4 Outlook
UWMC
Earnings
Guidance Update
Dividends
- UWM Holdings Corporation reported total revenue of $843.3 million and net income of $12.1 million for the third quarter ended September 30, 2025. Adjusted EBITDA for the quarter was $211.1 million.
- The company achieved a loan origination volume of $41.7 billion in Q3 2025, which is its largest quarterly originations since 2021, with a total gain margin of 130 basis points.
- For the fourth quarter of 2025, UWM Holdings anticipates production to be in the $43 billion to $50 billion range, with a gain margin from 105 to 130 basis points.
- A cash dividend of $0.10 per share on the outstanding shares of Class A common stock was declared, payable on January 8, 2026.
- Strategic initiatives include a collaboration with BILT to bring servicing in-house and the use of Mia, an AI Loan Officer Assistant, which has generated over 14,000 loans for brokers.
Nov 6, 2025, 1:30 PM
UWM Holdings Corp Enters Indenture for 6.250% Senior Notes Due 2031
UWMC
Debt Issuance
- UWM Holdings, LLC, as Issuer, and United Wholesale Mortgage, LLC, as Guarantor, entered into an Indenture for 6.250% Senior Notes Due 2031 with U.S. Bank Trust Company, National Association as Trustee, dated September 16, 2025.
- The notes are optionally redeemable by the company on or after March 15, 2028, at the following redemption prices plus accrued and unpaid interest :
| Metric | 2028 | 2029 | 2030 and thereafter |
|---|---|---|---|
| Optional Redemption Price (% of principal) | 103.125% | 101.563% | 100.000% |
- Prior to March 15, 2028, the company may redeem notes at 100% of the principal amount plus an Applicable Premium.
- The company may also redeem up to 40% of the original aggregate principal amount of the notes prior to March 15, 2028, at a price of 106.250% of the principal amount plus accrued interest, using net cash proceeds from an Equity Offering.
Sep 16, 2025, 8:11 PM
UWM Holdings Corp Reports Q1 2025 Results Announcement
UWMC
Earnings
Guidance Update
Dividends
- Q1 2025 performance: Total revenue of $613 million and a net loss of $247 million (primarily due to a $388 million MSR fair value reduction)
- Production & Origination: Loan origination volume of $32.4B, including $21.7B in purchase originations, with Q2 production guidance in the $38B–$45B range
- Operational Efficiency: Clear-to-close time improved to 12.7 days (down from 13.9 days) alongside a Net Promoter Score of 87.3%
- Additional Metrics: Achieved a gain margin of 94 bps and adjusted EBITDA of $57.8M
- Strategic Initiatives: Focused on technology investments and bringing servicing in-house by year-end next year to realize annual cost savings between $40M and $100M
- Dividend Declaration: The Board declared a cash dividend of $0.10 per share
May 6, 2025, 2:01 PM
UWM Holdings Corp CFO Transition and Appointment Announcement
UWMC
CFO Change
Executive Compensation
Management Change
- Mr. Andrew Hubacker transitions to a senior advisor role effective April 1, 2025.
- Rami Hasani is appointed as Executive Vice President, Chief Financial Officer and principal accounting officer, with a revised compensation package including a base salary of $330,000, an annual bonus target of $250,000, a long-term incentive award equal to 1.5% of the LTIP pool, and a one-time promotion award of $1.0 million in restricted stock units.
- The announcement reflects key management changes and compensation updates crucial for portfolio insights.
Mar 31, 2025, 12:00 AM
Quarterly earnings call transcripts for UWM Holdings.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more