Reports Q4 revenue $302.4M, consensus $287.56M.Ended Q422 with approximately $2.1B of available liquidity, including $886.2M of cash and self-warehouse, and $1.25B of available borrowing capacity, which includes $750M under a line of credit secured by agency MSRs, and $500M under an unsecured line of credit Achieved 11% share of the overall mortgage market and 54% share of the wholesale channel for 4Q22 Mat Ishbia, Chairman and CEO of UWMC, said, "2022 was a historic year for UWM. Becoming the #1 overall mortgage lender in America, while originating mortgage loans exclusively through the wholesale channel, is a validation of our unrelenting commitment to the broker channel. We also delivered earnings of $931.9 million and have continued to reward our shareholders with consistent dividends. In 2023, we will continue to invest in technology to serve the broker channel and products that put brokers in a position to win. As we have done in other purchase-centric markets, we’ll grow market share and emerge stronger to better capitalize on the next boom."
Published first on TheFly
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