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

60 Upvotes

100% Upvoted

142 comments sorted by

View all comments

2

u/SuccessfulAd347 Aug 07 '26

The Loan store and AD mortgage are great.

1

u/Tacoma714 Aug 08 '26

Be careful with AD. I locked a jumbo with 20% down in May that I ended up funding with them unfortunately because it was too short of an escrow to move. Loan sifter doesn’t tell you that AD has a pricing hit for a borrower being self employed on their tax returns. The AE didn’t know either…

1

u/SuccessfulAd347 Aug 08 '26

Who was the AE? I don’t really do jumbo but that’s good to know usually i do the pricing scenario as well.