UWM Holdings Reports Preliminary Q3 Net Income Of $205M-$220M And Sales Of $800M-$825M; Lowers FY26 Total Sales Guidance To ~$3.35B-$3.50B Due To Lower Origination Volume Throughout The Industry

UWM Holdings Corporation (NYSE:UWMC) ("UWMC", the "Company" "we," "our" and "us"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced certain preliminary operating and financial results for the quarter ended September 30, 2026, together with updated financial disclosure.

The Company is providing this information in advance of the commencement of the measurement period used to determine the subscription price under its previously announced rights offering so that investors have access to updated operating and financial information before the beginning of that period.

Preliminary Third Quarter 2026 Results

Based on its preliminary unaudited results for the quarter ended September 30, 2026, the Company expects to report the following operational and financial results:

Loan origination volume of $33.4 billion, including $22.8 billion of purchase and $10.6 billion of refinance originations;
Gain margin of approximately 124 basis points;
Mortgage servicing rights portfolio unpaid principal balance of approximately $270 billion with a weighted average coupon of approximately 5.97% and weighted average servicing fee of approximately 40 basis points;
Total Revenue between $800 to $825 million;
Loan servicing income between $240 to $250 million;
Loan production income between $410 to $420 million;
Operating expenses (Total Expenses net of Interest Expense and Servicing Cost) of between $375 to $385 million;
Net Income between $205 to $220 million;
Adjusted EBITDA between $170 to $190 million;
Total Preferred and Common Equity of approximately $2.8 billion at September 30, 2026; and
Net non-funding debt to Total Preferred and Common Equity between 1.75x to 1.80x.
These amounts are preliminary estimates and may change as the Company completes its financial closing procedures for the quarter ended September 30, 2026.

Updated Financial Disclosure Regarding Full-Year 2026

In addition, the Company is also providing, and updating its disclosure of certain key operating and financial metrics for the full year and as of December 31, 2026.

Based on information currently available to management, the Company estimates that:

The Company will originate approximately 8% of total residential mortgage production in the United States during 2026;
The Company will end the year with an MSR portfolio between $210 billion and $230 billion in UPB;
Total revenue for the year ending December 31, 2026 will be approximately $3.35 billion to $3.50 billion, lower than expected earlier in 2026 as a result of lower origination volume throughout the industry; and
The Company will sell between $70 and $80 billion of MSRs in Q4 2026 with anticipated proceeds in excess of $1.8 billion. These proceeds, along with the $400 million of gross proceeds from the rights offering, will be used to support the ongoing paydown of non-funding debt.