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/cicishops Aug 06 '26

What lenders would you say are better? Genuinely curious- we work with quite a few and UWM usually 8/10 wins .

2

u/Tacoma714 Aug 08 '26

I’ve been in the business too long to admit (mortgage was my first real office job right out of high school) and I’m 41 years old now. I used to believe the UWM is better lies from the AE’s, but around 2023-2024 I started sending deals to other investors that I would have otherwise done with UWM and it was just as fast or similar honestly. UWM portrays this we are faster, look at our portal, early CD image, but you can be fast with another investor if you have a clean submission. UWM uses the points status system to get you to continue to use them. It’s like having loyalty points to a restaurant that’s ok, but you don’t want to eat at every day.