Fourth Quarter and Full Year 2020 Financial Highlights

  • Record originations of $54.7 billion in loan volume, a 71% increase from the 4Q19 $31.9 billion loan volume, bringing UWM’s full year 2020 production to $182.5 billion, which is 69% higher than UWM’s prior record production for 2019 of $107.8 billion.
  • Total gain margin of 305 bps in 4Q20 compared to 110 bps in 4Q19.
  • Reported fourth quarter net income of $1.37 billion, as compared to $148.9 million for 4Q19.
  • Increased UWM’s equity to $2.37 billion at December 31, 2020 as compared to $661.3 million at December 31, 2019.
  • Closed private senior notes offering of $800 million, ending 4Q20 with non-funding debt to equity ratio of 0.49 (non-GAAP metric – see discussion below).
  • Increased the unpaid principal balance of mortgage servicing rights from $72.6 billion at Q419 to $188.3 billion at Q420.
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