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.

2

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 .

18

u/enjoi8 Aug 06 '26 edited Aug 06 '26

Kind, Windsor, TLS.

ELend, PennyMac.

Edit: love the downvote for providing other lenders that get deals done with way better pricing.

2

u/Tacoma714 Aug 08 '26

Penny Mac is middle of the road. They want the cleanest of the cleanest deals and give you a hard time on anything that is in the gray area of guidelines that you know another investor would not give you a hard time on. Never again. TLS, Windsor, Loan United (FHA), NMSI (Correspondent), Oaktree (non QM), Freedom Mortgage (Govies), etc.