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UWM Holdings Corporation — Third Quarter 2026 Earnings Summary

  • Net income reversed to $212.6 million in Q3 2026 from a $451.9 million loss in Q2 2026 and a $12.1 million profit in Q3 2025, while total revenue declined to $811.1 million from $888.0 million in Q2 2026 and $843.3 million in Q3 2025.
  • Loan origination volume fell to $33.4 billion in Q3 2026 from $39.7 billion in Q2 2026 and $41.7 billion in Q3 2025, with purchase and refinance originations declining sequentially and year-over-year.
  • Adjusted EBITDA decreased to $178.3 million in Q3 2026 from $185.9 million in Q2 2026 and $211.1 million in Q3 2025, driven by a gain margin contraction to 124 basis points.
  • Balance sheet leverage improved significantly with net non-funding debt reducing to $4.98 billion at September 30, 2026, from $5.56 billion at June 30, 2026, lowering the debt-to-equity ratio to 1.77 from 5.65.
  • Strategic initiatives included the launch of ChatUWM mobile and AI enhancements, becoming the first lender to offer VantageScore® 4.0, and a $632.9 million gain in fair value of Mortgage Servicing Rights.
Company
UWM HOLDINGS CORP
Sector
Financial Services
Industry
Mortgage Finance