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.
Published
Mar 01, 2022
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025
OCMBC President Arrested For DUI, Murder

Serene Vernon (Rosenberg) had three prior convictions, per a police report

Feb 02, 2025