United Wholesale Mortgage (UWM), the top U.S. wholesale and purchase lender, has announced it will accept personal or business bank statements instead of income documents or tax transcripts to help the self-employed qualify for a loan. The company said Wednesday the decision will better serve self-employed borrowers, and give independent mortgage brokers another competitive edge for working with borrowers who do not receive a paycheck and tax statement, or W-2, from an employer.
Equities analysts predict that UWM Holdings Co. (NYSE:UWMC – Get Rating) will announce earnings per share (EPS) of $0.09 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for UWM’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.10. UWM reported earnings […]
Zacks Investment Research downgraded shares of UWM (NYSE:UWMC – Get Rating) from a buy rating to a hold rating in a research note published on Friday morning, Zacks.com reports. According to Zacks, “UWM Holdings Corporation is a parent of United Wholesale Mortgage. It underwrites and provides closing documentation for residential mortgage loans. UWM Holdings Corporation, […]
UWM (NYSE:UWMC – Get Rating) released its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02), MarketWatch Earnings reports. Shares of UWM stock traded up $0.28 during trading hours on Tuesday, reaching $4.62. 7,589,651 shares of the company were exchanged, compared […]
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United Wholesale Mortgage recently went public in the largest SPAC deal ever.
CEO Mat Ishbia is a former college basketball player who values a willingness to learn in new hires.
Ishbia skips meetings on Thursdays so he can chat more casually with different UWM teams.
In January, United Wholesale Mortgage went public in the largest blank-check deal ever.
After merging with special purpose acquisition company Gores Holdings IV, UWM, which is the nation s second-biggest mortgage provider, went public at an eye-popping valuation of $16.1 billion.