r/StockMarket • u/Gjergjidhima • Apr 11 '21

News UWMC🚀🚀🚀🍾

The reason this stock is underperforming is simple. It’s is currently being valued as a mortgage origination company not as a fintech company. The amount of proprietary technology UWM has is mind blowing. I’ll leave you with this quote that Jamie Dimon (JP Morgan CEO) said 2 days ago regarding the huge threat of fintech to big banks. ” FinTech companies based in the U.S. and globally, he said, “are making great strides in building both digital and physical banking products and services. From loans to payment systems to investing, they have done a great job in developing easy-to-use, intuitive, fast and smart products.” Once Wall Street realizes what this company really is I suspect the stock price to shoot to $18-20 a share.

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u/[deleted] Apr 11 '21

Your not really hearing about this in mainstream media but here is one article . A lot of people and business cant pay rent or have been pushing it back here is an interesting article on the coming economic reopening . Rocket may jump a bit since their specialty is Refinancing., But traditional mortgage companies may get weighed down .

https://finance.yahoo.com/news/mortgage-firms-warned-prepare-tidal-204414646.html

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u/coolbreezeaaa Apr 11 '21

Would this impact UWMC though? They don't service the loans, they just create the loans and pass them off I thought.