Overview
- The wholesale lender reported roughly $12 million in GAAP net income and a 130 bps gain-on-sale margin, beating its prior margin guidance.
- Production reached $41.7 billion, with $25.2 billion in purchase loans and $16.5 billion in refinances, including a single-day lock record of $4.8 billion in September.
- UWM highlighted its MIA assistant making about 400,000 outbound calls with an answer rate above 40%, contributing to more than 14,000 closed loans.
- The company reaffirmed plans to bring servicing in-house by 2026 and announced a collaboration with Bilt on a mortgage payment rewards program, noting near-term overlap costs before benefits arrive.
- Liquidity stood at about $3 billion after a $1 billion unsecured note offering, with $800 million of notes slated for repayment and Q4 gain-on-sale guidance set at 105–130 bps.