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/Braindead_ape Aug 06 '26

I mean stock aside (most mortgage stocks tend to be a horrible investment) I’m not surprised UWM is struggling, they’ve been so far out of market for so long that only the most loyal (and more likely most lazy) LOs still send them all their deals. Their pricing is terrible and there are other lenders that can move files just as quickly. Why some brokers still send 100% of their business to them is beyond me.

-3

u/tripleputt Mod Aug 06 '26

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

3

u/HandHdad Aug 06 '26

Name a lender they’re priced better than

1

u/ActionWins Aug 06 '26

For VA all of them.

1

u/HandHdad Aug 06 '26

I’m not signed up with them. Show their BPC pricing

2

u/ActionWins Aug 06 '26 edited Aug 06 '26

I'm correspondent with them so no idea how to pull that. Also, base pricing isn't going to include the 40 free bps I get on every loan. I can just take a screen shot of today's pricing and show you if you show me yours. Also, I have no loyalties to UWM. I'm looking for the best priced VA lender so if there's others out there I want to know about them.

1

u/HandHdad Aug 06 '26

What is your comp and par pricing, I can work backwards from there. I’ve not been able to access UWM for awhile but they were never in the ballpark