"United Wholesale Mortgage closed $163.4 billion in mortgages in 2025, up 17% from 2024, as lower rates fueled a refinancing rebound. The company also invested heavily to strengthen its servicing platform, including its pending acquisition of Two Harbors and a strategic investment in Bilt."
"After a period focused on record-setting production, UWM executives are now shifting attention toward execution by emphasizing pricing discipline, broker loyalty and competitive positioning, Jefferies analysts said in a research note."
"Refinancing volume jumped to $70.3 billion, up from $43.4 billion in prior year and a reflection of lower rates. In its servicing portfolio, UWM ended the year with $240.8 billion in unpaid principal balance, down from $242 billion in 2024."
United Wholesale Mortgage closed $163.4 billion in mortgages during 2025, representing 17% growth from the prior year, fueled by lower rates that drove refinancing volume to $70.3 billion, up from $43.4 billion in 2024. Purchase loans totaled $93.2 billion, down slightly from $96.1 billion. Despite higher volume, net income declined to $244 million from $329.4 million in 2024 due to compressed gain-on-sale margins. The company invested significantly in servicing capabilities, including its pending acquisition of Two Harbors and a strategic investment in Bilt. UWM's servicing portfolio ended the year with $240.8 billion in unpaid principal balance. Management is now emphasizing pricing discipline, broker loyalty, and competitive positioning to strengthen market leadership.
#mortgage-industry #refinancing-growth #servicing-expansion #financial-performance #strategic-acquisitions
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