Despite Losses, United Mortgage Keeps Positive Outlook
While the company saw a $138.6 million net loss in Q1 2023, executives still have a positive outlook on the rest of 2023 thanks to strong results in loan originations.
Source: rismedia.com
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UWM Holdings Corporation Announces First Quarter 2023 Results
First Quarter Loan Origination Volume of $22.3 billion, including Purchase Volume of $19.2 billion Best First Quarter Purchase Volume in Company History Gain Margin up 80% from Prior Quarter ... | May 10, 2023
Source: marketscreener.com
United Mortgage Profits Over Other Lenders in Q3 2022
Despite recent housing market challenges, United Wholesale Mortgage overtook Rocket Mortgage and became the No. 1 overall mortgage originator in Q3 2022.
Source: rismedia.com
Correspondent and Broker, MSR and Servicing Products; Wholesale and TPO; Inflation Update
Borrowers will bear the brunt of this, but rumors from several sources have Fair Isaac planning on giving most residential lenders an early Christmas “present,” effective 12/26, of higher fees for mortgage work incorporated into a new tier system. (Talk to your credit reporting agency or provider for details and tiering.) I heard a dealer in a Reno casino say that no one gets ruined by losing, they get ruined by trying to win back the money they lost. How hard is it to get back a lost client? People ask me why I send the commentary out six days a week. Hey, if I can help one MLO ...
Source: mortgagenewsdaily.com