Annual, Quarterly Revenue Slide at UWM – NMP Skip to main content

Annual, Quarterly Revenue Slide at UWM

Mar 01, 2022
Uwm front building with sign
Staff Writer

Net income down more than half from 2020

Ahead of its annual meeting with stock analysts and investors, Pontiac, Mich.-based United Wholesale Mortgage Holdings (UWMC – NYSE) today reported $2.9 billion in annual revenue in 2021, down from nearly $5 billion a year earlier.

Fourth-quarter revenue was $605 million, down by nearly two thirds from the previous year’s fourth-quarter revenue of $1.8 billion.

Net income for 2021 was $1.6 billion, down more than half from the previous year’s $3.4 billion in net income.

The company reported $227 billion in loan origination for 2021, up from $183 billion the previous year. In the fourth quarter, UWM reported $55 billion in loan originations, up from $54.6 billion in 2020’s fourth quarter.

The company reported diluted EPS of .66 cents a share.

“2021 was a fantastic year for UWM with incredible milestones: from becoming a public company to delivering another year of record production,” said UWM CEO Matt Ishbia in a news release.

The is a developing story. The company is scheduled to hold its annual meeting at 10 a.m. EST today.

About the author
Staff Writer
Doug Page was a staff writer at NMP.
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