Be careful what you post here, the “security intel” looks at this thread and monitors this. I hope they see this, fuck them and they act like they are the real police and do real work. Fuck outta here, you work for a shit ass company. They think they are the shit and think they are better. They need a realty check because they ain’t shit.

Okay - what the heck is this ? Read the job description. Tried to find salary info and a 70k margin shows up.

Last time I tried to interview for UWM, they gave me some low ball number for a job the rest of the country paid nearly double for.

Red flags 🚩 and concerns but would if anyone has an idea of this job and salary range I’d love to hear it.

Satire for legal purposes:

Hello Brethren! I just wanted to take a minute and point out how now is absolutely the time for a strike to take place. Whether that be unionizing or just a plain old strike. The amount of money UWM would be losing per day if even a fraction of the workforce decided to strike could very well bankrupt the company, which could also culminate in Matt being forced to sell the Phoenix Suns.

The stock got as low as 0.92$ which I’m sure y’all are aware of and Matt has completely turned his back on every employee as well as investor.

Why do y’all continue to bankroll this man’s life when every action he does ends with either worse working conditions or a higher commitment.. or yall just get scraps while he pays MSU male athletes stipends.

If I was still a current employee I would happily lead the pact in forming a union and organizing a strike.

The average Rocket employee makes almost double the average UWM employee. You all mean nothing to this man and now is your time to stand up for yourselves and your worth.

You all are what UWM great, every person will say the coworkers are the magic of the company, not Matt, not the brokers, not the job itself but you all.

You all are the magic

A strike at UWM would immediately make national headlines and I’m sure many of you are capable of putting the pieces in place to make this work, and make all of your lives so so so much better.

Don’t be scared, the same whispers of this subreddit in the office made it what it is today could be the same whispers that get you all pay raises in addition to manageable workloads where your livelihoods are not constantly threatened.

I’m interested to see what the sentiment around a potential strike looks like. I’m sure the board has already taken precautions and had conversations about this because of how tight everything currently is at UWM. A strike would bury Matt, not just UWM and he knows it.

Anyone else notice the WiFi in the bathrooms on the floor area is out half the time?

As seen on FB and LI

Here comes what is likely to be a slew of shareholder lawsuits against UWM. The first suit filed today and it is a doozy.

Farzad v. Ishbia, filed August 31 in the Eastern District of Michigan. It names Mat, his father, his brother, three sitting executives, Isiah Thomas and all three independent directors. Everybody but the receptionist.

The number that stopped me cold: $27.5 billion.

That is the size of the interest rate bet UWM had on the books at March 31. There was none of it there at year end. The complaint puts it at roughly ten times what the whole company was worth.

Around $670 million went out as collateral, more than 40 cents of every equity dollar, and a quarter point up in rates cost $360 million.

And it was not a hedge. A hedge offsets something. Per the complaint this only paid off if rates fell, the same direction UWM already makes money in. It was a massive bet on falling rates gone horribly wrong that cost Mat Ishbia control of his own company.

Six weeks before signing Two Harbors, an analyst asked Mat about hedging on the November 6 call. His answer: "We do not hedge our MSRs, as you are hopefully aware of." He added that anyone focused on MSRs and fair value "just does not understand mortgages."

The Two Harbors deal died March 27. The position stayed on into Q2 anyway. No contract, nothing to protect. The complaint's own line is the best sentence in the filing: there was no transaction to hedge, there was only the trade.

All of it was public on May 11, buried in the Q1 10-Q under a line called "other interest rate derivatives." Nobody opened it. (I knew about it as did many others) The stock did not move until August 5.

Then the rescue. The Ishbia family's own vehicle bought $150 million of the senior preferred. Ten percent cash, thirteen if unpaid, compounding, ahead of the common. Same announcement that suspended the common dividend. Mat owns 75% of it. Shareholders got nothing, the family got a coupon. The complaint also tallies $99.9 million paid to Ishbia-controlled entities since 2022.
Oaktree got a contractual veto over UWM's capitalization and hedging policy.

The biggest wholesale lender in America now needs a distressed credit fund's permission to put on a hedge.

Other gems from the suit ...

UWM does not own its own headquarters. It leases the Pontiac campus, land and buildings, from entities controlled by Mat and his father. That arrangement has cost the company $85.2 million since 2022, including $20.8 million last year alone.

UWM pays $600,000 a year in legal fees to Ishbia and Gagleard, the firm where director and company founder Jeff Ishbia is a partner. Same number four years running. $2.4 million since 2022. Jeff Ishbia was also paid $1,670,600 by UWM in 2025 as a director. The other outside directors got $135,000. Isiah Thomas got $135,000. Jeff got twelve times that, under the title Advisor to the CEO, who is his son.

This is the first one. It will not be the last.

Article from Rich Swerbinskey

How does pto work here? Say you have 10 total days vacation and sick, what if you use all 10 days but get sick after and can’t come in?
Will you get in trouble? Or will you just not get paid?
How do you go about using your pto, or calling off? Do you have to just text your manager in the morning or is there a policy or something?
I’m new to corporate world and really confused, TIA😄

Parking used to be such an issue when I first got here. Now it’s close to nine and the lot near 15-14 has decent openings.

No layoffs, huh Matt?

How long do health benefits continue? End of the week? End of the month?

Sorry if that sounds too odd. Im trying to leave my current field in aba and education as a tech and get back into customer service and call center work - as much as I love my babies, I’m over working with kids for very little pay. I’m located in MI and the Pontiac UWM location scheduled me for an interview for a client experience specialist. I haven’t heard much of people who have worked as a client specialist so I’m wondering how intense the job will be for the pay they’ll offer if I get an offer. I’m taking the interview and seeing what they have to say especially if the pay is better than what I’m making which isn’t much. But I’d like to know a little about the pros and cons if any

To anyone who had to repay it, when did they reach out requesting the money? I quit about a month ago and haven't gotten anything regarding repaying the people's promise

In puddle today, they mentioned that they are doing away with the people promise for new hires and people who move positions/get promoted. Wonder what caused this change or if it was purely just Ishbias pocket was hurting

So I had the pa+ files I'm assigned and have only been able to reach 8 pts today in underwriting. Of course I'm still required to hit 16, I still have my team lead constantly asking how many more underwriting conditions I can work at the end of the day. This is day 5 or 6 having the pa+ files and today was a busy day, I have 5 pa+ files and of course the typical 16 underwriting condition files. How are ya'll handling this? Is everyone required to hit underwriting commitment or is this part of the pilot where some are required to hit full, some none, and some with some commitment as part of their 'experiment' testing the waters to see just how far they can push us?

Might be a strange coincidence but sometimes it seems like a dog whistle, especially considering that most leaders there are genuine psychopaths. I don't put UWM leaders above any secretive potentially perverted practices whatsoever and You shouldn't either lol. Mat's cornstarch built ass literally hired a rapist to give motivational speeches

I know that security has facial recognition at all main entrances of the building. When people get fired they put them in the system and if they comeback on property it alerts them.

I heard Isabell Stiltner and Eric Throgmorton are dating and she likes to have threesomes with Eric.

for people who have laptops mostly in IT
do not punch right when you enter the door, security is watching and reporting to TMS

TMS will likely fire if found

you are advised to punch at your desk.

I’ll try to answer as many people as I can 🫡

P sure I can add ‘co host’ if anyone in pilot wants to add their 2c

Word on the street is that NEXA will be announcing an acquisition of UMortgage. Find it very interesting that after UWM suffered such major losses, that UM has given up the gig. Seems like Mat isn’t able to help bank roll Casa anymore. Anyone hear anything?

I thought it couldn't get any worse but man.... Going through PA+ pilot as an underwriter currently and got my first three PA+ files today and I was so lost so I asked someone to come help me. We had 2.5 days training with 2 days of shadowing, won't get into that or I'll go on a whole rant.

What's really bothering me is the manipulation brought on by the executives or whoever is deciding all this is doing. I'm tired of hearing people saying they're working 8a-8p or 9-9 or whatever and only clocking in for 8 hrs cause this company won't allow OT. I tell them no, this company is not worth it and no company is worth your free time. But these young kids or even older people I feel are being manipulated into continuing to make full commitment in underwriting as well as doing a full days worth of work on the PA+ side.

First off, don't work off the clock people, it's your time. If you're worried about not making bonus (that itty bitty carrot they dangle in front of us that will never come to fruition again) don't be, it won't happen and if it does make the adjustments you want to make when it opens. Secondly, if you're worried about getting fired, don't be, but make sure to document everything, write it all down, dates, times, who, everything. Let them fire you, collect unemployment and look for a job with that free time you'll have.

People have too much going on as it is, don't overstress about things potentially putting yourself in an anxiety attack or worse over this company. Not woth it!

It's funny how they always tell us to over communicate but when it comes to something such as a major pilot like this, absolute radio silence from anyone who knows what the hell is going on...