United Wholesale Mortgage (UWM), the largest originator in America, originated $139.4 billion in mortgages in 2024 on its way to a net profit of $329.4 million.

All told, the wholesale lender turned around a financial loss of $69.8 million in 2023 and improved gain-on-sale margins to 110 basis points, up from 92 bps in the prior year.

“It’s important for me to point out that while 2024 was certainly another challenging year for the industry, I am particularly proud of our team for delivering an almost 30% year-over-year increase in overall loan production and a nearly 20% increase in gain margin,” details ⇒

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