NYSE$UWMC
UWM Holdings Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported a net income of $138.7 million, driven by a record quarterly total loan volume of $59.2 billion and purchase volume of $24.1 billion.
UWM Holdings Corporation reported strong second-quarter results with a net income of $138.7 million. The company achieved record loan origination volume, driven by a significant increase in purchase volume, despite a decline in the fair value of mortgage servicing rights.
- Originations reached $59.2 billion, a 90% increase from Q2 2020.
- Purchase originations totaled $24.1 billion, a 288% increase compared to Q2 2020.
- Net income was $138.7 million, including a $219.1 million decline in the fair value of MSRs.
- The company maintained an average application to clear to close time of approximately 18 days, significantly better than the estimated industry average.
Headline financials
Revenue & EPS history
UWM · Revenue · Quarterly
$485M
Revenue by segment
UWM · $485M total across 4 segments · Q2 2021
- Loan Production Income$479M—98.9%
- Loan Servicing Income$145M—30.0%
- Interest Income$79.2M—16.3%
- MSR Fair Value Change-$219M—-45.2%
Forward guidance
The company anticipates third-quarter production to be in the $57-$62 billion range, with an expected gain margin between 75 and 100 bps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
-1.7%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+0.5%
Avg return
30 days after
29%
6 / 21 earnings
Positive
+28.2%
Q3 2022
Best reaction
-16.8%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -11.2% | -28.4% | |
| Q4 2025 | -9.0% | -5.0% | -25.0% | |
| Q3 2025 | -10.1% | -3.4% | +1.2% | |
| Q1 2025 | -14.7% | -11.3% | -13.8% | |
| Q4 2024 | -5.8% | -0.2% | -14.6% | |
| Q3 2024 | -6.0% | -9.2% | -2.4% | |
| Q2 2024 | -6.5% | -3.8% | +2.3% | |
| Q1 2024 | -0.7% | +2.8% | +2.8% | |
| Q4 2023 | -4.9% | -4.6% | +8.2% | |
| Q3 2023 | +4.3% | +6.9% | +15.6% | |
| Q2 2023 | -1.6% | -4.0% | -16.3% | |
| Q1 2023 | -16.8% | -11.3% | -7.4% | |
| Q4 2022 | +12.7% | +11.7% | +15.3% | |
| Q3 2022 | +28.2% | +22.3% | +44.7% | |
| Q2 2022 | -0.5% | +1.0% | -9.2% | |
| Q1 2022 | +0.3% | +8.9% | +18.1% | |
| Q4 2021 | +7.4% | -4.1% | +4.4% | |
| Q3 2021 | -1.5% | -2.2% | -3.8% | |
| Q2 2021 | -7.0% | -7.6% | -8.5% | |
| Q1 2021 | -2.4% | +7.9% | +43.1% | |
| Q4 2020 | +0.6% | -7.9% | -16.0% | |
| Q4 2019 | — | — | — |
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