United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted $329.9 million in profits during the third quarter, an uptick from the $138.7 million registered in the second quarter.
According to the Pontiac, Michigan-based lender’s earning report, loan origination volume reached $63 billion in the third quarter, up from $59.2 billion in the prior quarter and the $54.3 billion year over year. UWM said it originated $26.5 billion in purchase mortgages during the third quarter, far more than its rivals.
“UWM broke company records yet again in details ⇒
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