earnings
confidence high
sentiment positive
materiality 0.70
UWM Q3 net income $325.6M, diluted EPS $0.13; becomes #1 overall mortgage originator
UWM Holdings Corp
2022-Q3 EPS reported
$0.45
revenue$2,070,192,000
- Total loan origination volume $33.5B, including $27.7B purchase volume (best purchase quarter ever, +24% QoQ).
- Net income $325.6M, up from $215.4M in Q2; adjusted diluted EPS $0.16; gain margin 52 bps.
- Declared $0.10/share dividend payable Jan 10, 2023; also approved $150.2M distribution to SFS Corp.
- Q4 2022 guidance: originations $19-26B, gain margin 40-70 bps.
- Ended quarter with $2.9B available liquidity; MSR UPB $306B with WAC 3.44%.