UWM Holdings reports Q3 EPS 15c, consensus 6c

Reports Q3 revenue $ $677.116M, consensus $517.069M .Reports Originations of $29.7 B in 3Q23, compared to $31.8B in 2Q23 and $33.5B in 3Q22.Purchase originations of $25.9B in 3Q23, compared to $28.Bin 2Q23 and $27.7 billion in 3Q22 …Mat Ishbia, Chairman and CEO of UWMC, said, “The strength of UWM and the broker channel is on full display. While others choose to dwell on high mortgage rates and low housing inventory, at UWM we remain focused on growing our market share and the broker channel. We are investing in new technology and hiring new team members to ensure that we are prepared for the eventual turn in rates. In the meantime, we expect to continue to generate significant purchase volume and remain highly profitable.”