United Wholesale Mortgage Shares Rise After 2Q Beat

Dow Jones
08/07
 

By Connor Hart

 

Shares of UWM Holdings gained after the company reported a swing to a profit and a rise in revenue in the second quarter, boosted by higher loan volumes and efficiencies stemming from artificial intelligence.

The stock climbed 8%, to $4.56, in premarket trading Thursday. Through Wednesday's close, shares have lost half their value over the past year.

The Michigan-based lender, which operates as United Wholesale Mortgage posted a swing to net income of $314.5 million, or 11 cents a share, from a loss of $247 million, or 12 cents a share, a year earlier.

Adjusted per-share earnings were 16 cents, ahead of the 6 cents that analysts polled by FactSet expected.

Revenue jumped 24% to $758.7 million, topping the $632.8 million that Wall Street modeled.

Total loan origination volume was $39.74 billion in the recent quarter, up from $33.63 billion a year ago. The company's gain margin on loans it sold was higher than it was last quarter and in the same quarter a year earlier.

Chief Executive Mat Ishbia added UWM is now seeing measurable results from its investments in AI, such as LEO--the company's loan-estimate optimizer platform--and Mia--an AI-powered assistant for loan officers.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

August 07, 2025 09:39 ET (13:39 GMT)

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