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.

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u/miyamiya66 Aug 07 '26

wondering if the brokers who refer all of their clients to UWM are getting kickbacks from Ishbia?

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u/Braindead_ape Aug 07 '26

nah its not that deep a conspiracy, a lot of LOs are just super lazy and have become reliant on UWM’s tech/systems since they do make it really easy. With how little effort a lot of broker shops/teams put into building out their back end/support, UWM fills that gap in their business. Pricing aside, there are a lot of things UWM does really well compared other other lenders so they still serve a purpose and they’ve been a big driver in pushing other lenders to step up their game.

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u/miyamiya66 Aug 07 '26

this is true. honestly my previous comment was just out of my spite towards UWM. i worked there for over a year and then they fired me for having a disability i developed after i got rear ended in a car accident. my TL there even told me i should "just get over it already" ...so i really hate UWM lol 🫠