Overview

• UWM reversed a $247 million Q1 loss to record a $314 million net profit in Q2, its strongest result since 2021.
• Total originations rose 22.5 percent from Q1 to $39.7 billion, including $12.4 billion in refinance volume that captured 11 percent of the market.
• The gain-on-sale margin reached 113 basis points, up from 94 bps in Q1 and marking a multi-quarter high.
• Broker-channel share climbed to nearly 30 percent—its highest level since 2009—with a goal to exceed 50 percent of originations.
• UWM plans to bring mortgage servicing in-house by Q1 2026 and has introduced a 90-basis-point refinance incentive through mid-September to boost broker relationships.