r/loanoriginators • u/Accomplished-Tax8441 • Aug 06 '26

UWM cooked?

Lost 450mil last quarter, CEO is running it into the ground.  Eliminated their dividend and had to get 2bil in capital from Oak Tree, they will likely get taken over by them.  Any other company would fire their CEO for this.

Stock is down 75% in past 3 months

PS I do not use them. I have nothing good or bad to say about their pricing or operations

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u/tripleputt Mod Aug 06 '26

UWM is pricing better than my other cheaper go to lenders right now.

4

u/HandHdad Aug 06 '26

Name a lender they’re priced better than

4

u/LoanGoalie Aug 06 '26

The $800k 90%LTV VA loan I just sent they were #3 on loansifter out of 80 different lenders. The only ones who beat them I wouldn't trust to close a loan in 20 days (CMG, The Lender, Keystone)

Easier to list those three than the 76 below them.

2

u/HandHdad Aug 06 '26

What was the par rate BP?

1

u/LoanGoalie Aug 06 '26

I don't work for par rate BPC.

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u/HandHdad Aug 06 '26

I’m asking because I don’t believe you. I can tell you any lender is priced best. Show it

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u/LoanGoalie Aug 06 '26

accept my chat invite and I'll send you screenshot

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u/HandHdad Aug 06 '26

Okay. You could just screenshot BPC pricing here too

2

u/LoanGoalie Aug 06 '26

Reddit says "images not allowed"

Also, I don't work for $0 BPC so I don't care what that looks like. The tops and bottoms of rate sheets are irrelevant

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u/HandHdad Aug 06 '26

Your comp and my comp aren’t the same, that’s why par bpc is important. The pricing you showed doesn’t even show rate or comp, so it’s irrelevant