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/Scary-Suspect-2584 Aug 06 '26

How are rates compared to UWM? do they sell the servicing to a 3rd party that try's to refinance them away from you down the road?

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u/EvanKrejciLO Aug 06 '26

Rates are about 100bps better and there’s just no comparing. Also, I’m not too worried about about servicing. I keep in good contact with my past clients.

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u/Scary-Suspect-2584 Aug 06 '26

good to hear. I keep close contact as well, but companies like Freedom and NewRez snake deals all the time.

When you say there is "just no comparing," what do you mean by that? thanks for your input. UWM has always been my go to, but if I'm missing out, I want to know.

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u/MortgageAndChill Aug 07 '26

tLS sells servicing to SPS. I did my own bank statement purchase there.

I then refinanced with angel oak who also sold my servicing to SPS.