UWM Names New Chief Financial Officer

United Wholesale Mortgage (UWM) on Monday announced it has promoted Andrew Hubacker to the position of chief financial officer. Timothy Forrester, UWM’s previous CFO, died in July 2022 after battling cancer.

Hubacker will assume the role immediately and oversee all financial aspects of the company, including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Hubacker originally joined UWM in October 2020 as chief accounting officer and took on the role of interim principal financial officer in July 2022.

Hubacker originally was recruited by Forrester to help take the company public via the largest SPAC in history at the time. In a condensed amount of time, he helped implement new finance processes and programs to transition the company from private to publicly held, with shared trading on the New York Stock Exchange.

More recently, he played a key role in helping UWM achieve its goal of becoming the number one overall lender in the nation by helping lead various initiatives to enhance the company’s liquidity and financial position.

“Andrew has made such a positive impact at UWM since the day he started,” said Mat Ishbia, president and CEO of UWM. “His nearly three decades of experience and deep knowledge allowed him to expand our finance team’s capabilities and made him a key player in helping UWM go public back in 2021. He has been acting as the CFO since the passing of Tim Forrester, and has done a phenomenal job in all aspects. I know he’s capable of taking on this role and has been doing it at a high level already.”

Before joining UWM, Hubacker spent 18 years at Deloitte & Touche LLP, including over 12 years as an audit partner. He also spent time at AOL and the Securities and Exchange Commission. He is a certified public accountant in Michigan and graduated from Michigan State University with a bachelor’s degree in accounting.