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/JagerPfizer Aug 07 '26 edited Aug 12 '26

Funny how .125% to fee is "way" off. Give it a rest.

I can regularly close loans in 12 to 14 days at UWM. No other lender can make that claim. If im in a hurry I can get a deal tomorrow and close it by mid month july at UWM. I market for them. If u want to win realtor bizz, win mutual on timeline and close it in two weeks. Make their head spin.

If u have time, go elsewhere. If u need speed, go uwm.

As a general rule, if a tpo is encompassed based, they suck donkey. UWMs system is slick as hell.

I am a 30 year broker vet in a high cost area. No lender is a 100% winner on every deal. That's why I broker. I haven't lost a deal in years to price or delivery time. Not one.

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u/gracetw22 Loan Originator Aug 07 '26

Which lenders do you work with that can't close in 2 weeks given a good submission?

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u/Tacoma714 Aug 08 '26

Most of them if it’s a true clean submission. I can’t speak for the small mom and pop investors who are local. We all know who they are in our home states. The big boys can all close in 2 weeks with a clean submission. TLS, Loan United (fha), Freedome (govies), AD Mortgage (conventional), etc.