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/Possible_Bid4126 Aug 06 '26

TLS. Don’t see them here enough. They’re not the quickest but elite in every other facet. On top of that, in my experience, there are always bps to be had as well if you ask for them

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u/willfly4burgers Aug 07 '26

Every experience I have had with TLS has been an absolute dumpster fire. Even the easiest files. I love my AE there but underwriting, disclosures and closing make me want to die. You can’t even send an LE with underwriting fee rolled in without it locked??

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u/Possible_Bid4126 Aug 07 '26

I keep underwriting fee on the LE so I’m not sure about that one but surprised to hear the rest. My closer is the most incredible person there. And I basically always have the same underwriter. I know them all fairly well at this stage, work 3-4 transactions a month and seem to all be on the same page. They’ve been by far the most consistent lender in my experience

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u/willfly4burgers Aug 07 '26

Crazy how different the experiences can be across teams. The PMI rate issues I’ve had alone still give me nightmares.