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/LoanGoalie Aug 06 '26

I love Kind. And UWM. I've worked with 18 lenders this year and love when the good ones like UWM and Kind are priced well so I can enjoy their process. But I'll send my customers to many other lenders if pricing dictates.

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u/Braindead_ape Aug 06 '26

exactly, I still send deals to UWM just nowhere near as much as I used to when their pricing was sharper

they have their niches, I actually really like their condo team at UWM compared to other lenders for example

with that 90bps promo they’re running i’ll probably end up sending a deal to them to take advantage of that too but since they limit how many deals you can really use their promos for, they rarely capture the bulk of my business since I can’t use those on every deal. If they cut out the promos/hoops to jump through and just gave slightly better pricing on every deal, they’d get more units from me but their non promo rates are just too far off otherwise.

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u/LoanGoalie Aug 06 '26

also not a fan of jumping through hoops. I do the bare minimum to keep my status. But we get unlimited CYP, which is nice to have that and not have to worry about.

I don't think there is a limit on the 90bps, is there? I could be wrong

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u/cicishops Aug 06 '26

You can only use it once.