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 »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- 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
More from earnings q1 2024More posts in earnings q1 2024 »
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from Mat IshbiaMore posts in Mat Ishbia »
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- 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
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from mortgage refinancingMore posts in mortgage refinancing »
- Bayview merger positions Guild Mortgage for refinancing boom
- Earning gratitude: 5 ways to move the needle in your business
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- Stop freaking out about 50-year mortgages. They might save the housing market
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
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 »
- Redfin site fluke exposed past users’ data on listing contact forms
- Why 88% of agent conversations never make it to the CRM
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Compass pulls Redfin into its Zillow private listing lawsuit
- Is the ‘proptech winter’ ending? This is what investors are watching
More from Rocket MortgageMore posts in Rocket Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- DR Horton gets into AI mortgage tech with Tidalwave stake
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Why 88% of agent conversations never make it to the CRM
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from United Wholesale MortgageMore posts in United Wholesale Mortgage »
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- DR Horton gets into AI mortgage tech with Tidalwave stake
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
More from uwmMore posts in uwm »
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- DR Horton gets into AI mortgage tech with Tidalwave stake
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
Be First to Comment