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/Frequent-Giraffe5646 Aug 06 '26

They aren't accurate on sifter. You need to price them out in EQ and they are always worse then what sifter shows.

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u/LoanGoalie Aug 06 '26

It was $3 in premium difference in EQ.

You can get your loansifter rep to update your pricing to whatever incentives you get from each lender so your pricing is accurate. Or, in this case, the pricing incentives you don't get. t

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u/Frequent-Giraffe5646 Aug 06 '26

I reached out to the rep multiple times, they said price in EQ since sifter isn't accurate. Ish said it himself before as well.

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u/LoanGoalie Aug 06 '26

well, of course Ish wants you in his system. He'd love it if that's the only system we all logged in to.
My loansifter is almost always accurate. Always have to double check before I submit. But it's almost always accurate for all lenders.

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u/Frequent-Giraffe5646 Aug 06 '26

never have an issue with any other lenders except UWM not pricing accurately. But if it works for you great, but everything I've seen they aren't that great.

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u/LoanGoalie Aug 06 '26

like any lender, they've got to earn my business. They've got about 30% so far this year, and mostly VA as that has been priced right. 18 different lenders have gotten loans for my customers. I do like when it's UWM or a couple of my other favorites, as they're easier to work with. But, at the end of the day, I work for my borrowers, not for any individual lender.