Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained.
Source: Inman News
UWM hiring ‘hundreds’ as mortgage originations surge 24%
Published in earnings, earnings q1 2024, Markets & Economy, Mat Ishbia, Mortgage, mortgage refinancing, q1 2024 earnings, q1 earnings, rocket, Rocket Mortgage, Select, United Wholesale Mortgage and uwm
More from earningsMore posts in earnings »
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
- Investors cheer as Guild grows Q1 mortgage originations by 35%
More from earnings q1 2024More posts in earnings q1 2024 »
More from Markets & EconomyMore posts in Markets & Economy »
More from Mat IshbiaMore posts in Mat Ishbia »
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Defying conventional wisdom, UWM grows mortgage refis
- Mortgage trigger leads will be less crazy, but they ain’t going away
More from MortgageMore posts in Mortgage »
More from mortgage refinancingMore posts in mortgage refinancing »
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Robert Reffkin, mortgage moves, Serhant family: Inman’s Top 5
- Homeowners rush to refinance as mortgage rates hit 2025 low
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
More from q1 2024 earningsMore posts in q1 2024 earnings »
- Back in growth mode, Better is hiring again but still in the red in Q1
- Fathom Realty has more agents, fewer Q1 sales than a year ago
- Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings
- Here’s who sank and who soared in Q1 2024 earnings
- Blend trims loss, shrugs off decline in mortgage segment revenue
More from q1 earningsMore posts in q1 earnings »
More from rocketMore posts in rocket »
- Why HomeServices CEO says ‘do less’ to achieve more in real estate
- Here’s the last look at Redfin’s finances as an independent company
- Brokerages draw private-listing dividing lines — and backdoor plans
- Real estate CEOs sound off on CCP, M&A, being No. 1: The Download
- 3 CEOs talk change, affordability, NAR and end-to-end systems
More from Rocket MortgageMore posts in Rocket Mortgage »
- Why Flyhomes is quitting the real estate brokerage business
- Appraisal bias suit against Rocket Mortgage, Solidifi moves forward
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Rocket, Mr. Cooper merger OK’d by Fannie and Freddie regulator
More from SelectMore posts in Select »
- The death of old-school SEO, and what it means for real estate
- Credit bureaus slam plan to cut them out of FICO score pricing
- Forget private marketplaces, Colorado brokers launch full-transparency offensive
- Cloze’s MAIA is smart, task-driven and enterprise-ready: Tech Review
- Lesson Learned: Luxury isn’t price, it’s experience
More from United Wholesale MortgageMore posts in United Wholesale Mortgage »
- Rocket Companies closes Mr. Cooper acquisition
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
More from uwmMore posts in uwm »
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Tidalwave and Bevri.ai launch agentic AI for mortgage brokers
Be First to Comment