UWM Posts 2nd Straight Quarterly Loss
Pontiac, Mich.-based lender tops Rocket in originations for third-straight quarter.
Pontiac, Mich.-based lender tops Rocket in originations for third-straight quarter.
Vision 2025 plan helped reduce loss to $91.7m; expense reductions included cutting 52% of staff.
Loan originations are down but servicing portfolio continues to grow.
Bank's Q1 profits jumped 15%, both quarter over quarter and year over year.
CEO calls results 'exceptional,' outlines potentially 'unprecedented opportunity' in MSR deals in 2023-25.