United Wholesale Mortgage (UWMC)
Financials · Mortgage banking and origination
The nation's largest wholesale mortgage lender, exclusively serving independent mortgage brokers with technology-enabled purchase mortgages and servicing.
What United Wholesale Mortgage does
United Wholesale Mortgage (UWM) is the largest residential mortgage lender and largest purchase lender in the U.S. by closed loan volume, operating exclusively through the wholesale channel with over 13,000 independent broker relationships. The company originates conforming and government-backed loans across all 50 states, focusing on purchase mortgages to benefit from lower volatility than refinancing. UWM also generates revenue from loan servicing, with a portfolio of mortgage servicing rights generating recurring income.
Themes: ["Wholesale mortgage channel","Purchase-focused mortgages","Mortgage servicing and MSRs","Residential lending technology","Broker partnerships"]
Fundamentals
- Price$2.02 as of 2026-07-09 close
- Market cap$3.3B as of 2026-07-09
- 1-year return-51.1% as of 2026-07-09 close
- P/E48.98 as of 2026-07-09
- Net margin+1.9% as of 2026-07-09
- Gross margin+88.8% as of 2026-07-09
- ROE+33.9% as of 2026-07-09
- Debt / equity70.22 as of 2026-07-09
- Revenue growth (YoY)+27.6% as of 2026-07-09
- Revenue CAGR (3y)+10.0% SEC XBRL
- Beta1.87 as of 2026-07-09
Dividend: yield +19.7%; pays a dividend.
Key risks (from latest filing)
["Interest rate volatility impacts mortgage refinancing demand and production volumes, despite focus on purchase mortgages","Concentration in wholesale channel and dependence on independent broker relationships exposes the company to broker channel disruptions","Significant derivative exposure and fair value volatility in mortgage servicing rights and interest rate derivatives impact earnings"]
Competitors & peers
- Rocket Companies (RKT)
- Loan Depot (LDI)
- Better.com
- Guild Mortgage
- CrossCountry Mortgage
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.