General World News

UWM posts $330M in profits in Q3 2021

HW-Mat-Ishbia
Mat Ishbia, President and CEO of United Wholesale Mortgage

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 ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com