UWM with Impressive Growth and Strategic Preparation

UWM, which has established itself for years as the undisputed market leader in mortgage lending, has once again demonstrated its ability to shine in the current market environment and prepare for future opportunities. The significant increase in market share by an impressive 300% since 2019 speaks to the success of the company's strategic direction. In the past three years, UWM has achieved the largest quarterly close with a production volume of $39.5 billion, far exceeding forecasted values. This growth is primarily due to the dominant business in the purchase segment with over $26 billion in purchase closings. The refinancing business (Refi) also saw a positive performance, experiencing its strongest quarter in years with $13.3 billion. The breadth of technological innovations, such as BOLT, PA+, TRAC+, and the AI-based Chat UWM, has helped broker partners work more efficiently and save costs. In its best year since 2009, the broker channel achieved nearly $75 billion in purchase volume, and UWM is preparing for upcoming market trends to maximize benefits even in potential interest rate cuts. The third-quarter financial report shows that UWM was able to achieve a net profit of nearly $32 million despite a decline in the market value of mortgage servicing rights (MSRs) by $446 million. The company's solid foundation is underscored by its liquidity position of over $2.5 billion. With a clear focus on the future, UWM plans to further expand its share in the broker channel and is optimistic about market developments. Particularly, the strategic positioning for the next Refi boom promises further growth potential. The consistent dividend yield of 6-7% also makes UWM particularly attractive to investors.