{"id":63789,"date":"2026-08-14T03:00:20","date_gmt":"2026-08-14T01:00:20","guid":{"rendered":"https:\/\/housesmarketplace.com\/brokers-say-its-business-as-usual-with-uwm-despite-loss-capital-raise\/"},"modified":"2026-08-14T03:00:20","modified_gmt":"2026-08-14T01:00:20","slug":"brokers-say-its-business-as-usual-with-uwm-despite-loss-capital-raise","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/brokers-say-its-business-as-usual-with-uwm-despite-loss-capital-raise\/","title":{"rendered":"Brokers say it\u2019s \u2018business as usual\u2019 with UWM despite loss, capital raise\u00a0"},"content":{"rendered":"
\n

Mortgage brokers working with \u041e\u0431\u044a\u0435\u0434\u0438\u043d\u0435\u043d\u043d\u0430\u044f \u043e\u043f\u0442\u043e\u0432\u0430\u044f \u0438\u043f\u043e\u0442\u0435\u043a\u0430<\/strong> (UWM) say it remains \u201cbusiness as usual\u201d following the lender\u2019s second-quarter loss<\/a> \u0438 multibillion-dollar capital raise<\/a>, with no noticeable impact so far on day-to-day loan production.<\/p>\n

The Pontiac, Michigan-based wholesale lender reported last week that it lost $451.9 million in the second quarter, driven largely by a $603.2 million derivatives loss tied to its failed acquisition<\/a> \u0438\u0437 Two Harbors Investment Corp.<\/strong>\u00a0<\/p>\n

The Q2 financial results were announced alongside a $2.05 billion capital raise, including funding from distressed debt investor Oaktree Capital Management<\/strong>. The moves have put UWM\u2019s balance sheet and strategy under a microscope for brokers who rely on the company\u2019s platform.<\/p>\n

But brokers interviewed by \u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong> said their operations with UWM have not changed.<\/p>\n

\n

\u201cThere hasn\u2019t been any change at all from a day-to-day perspective,\u201d said Andi Numan of Swift Home Loans<\/strong>, which sends most of its production to UWM. \u201cAs long as we submit loans, they get processed and underwritten right away.\u201d<\/p>\n

Numan said he isn\u2019t worried about the recent financial headlines. From the perspective of Swift Home Loans, \u201cit is what it is\u201d as long as \u201cit doesn\u2019t mess with anything,\u201d he said.\u00a0<\/p>\n

Pricing vs. service\u00a0<\/h2>\n

Brokers say UWM is no longer the sharpest on price in the wholesale market<\/a>, but they believe the lender\u2019s \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0438\u0438<\/a>, turn times and ability to handle high daily volumes often outweigh modest pricing gaps.<\/p>\n

\u201cUWM has, for quite a while, not been the best-priced lender out there; they\u2019re actually one of the higher ones, but we use them because they\u2019re so easy to use, because they are efficient,\u201d said Mike Kortas<\/a>, \u0433\u0435\u043d\u0435\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 \u041a\u0440\u0435\u0434\u0438\u0442\u043e\u0432\u0430\u043d\u0438\u0435 NEXA<\/strong>.<\/p>\n

Shannon Hoff, a broker at Answer Home Lending Inc<\/strong>. who moved into the channel about a year ago, said she typically prices loans across 43 wholesale lenders. UWM, which she said used to rank in her top five or six options, was closer to 10th or 15th this week.<\/p>\n

\u201cA couple of loans that were priced out Tuesday, they\u2019re maybe 50 basis points different,\u201d Hoff said. \u201cTheir pricing, from what I understand, hasn\u2019t been as good as the past. But when they need loans to come through, then they have great \u0446\u0435\u043d\u043e\u043e\u0431\u0440\u0430\u0437\u043e\u0432\u0430\u043d\u0438\u0435<\/a> for like a week. The thing with UWM is that their systems are better than anything.\u201d<\/p>\n

Numan said that for certain scenarios, the operational certainty can justify slightly worse pricing. <\/p>\n

\u201cOur job is to always compare and get what\u2019s best for the client,\u201d he said. \u201cBut sometimes if you have a complex loan or a specific loan type, going with UWM in exchange for 5 basis points makes a world of difference because it\u2019s more than just pricing. Are you going to be able to close that loan? How long is it going to take to close?\u201d<\/p>\n

To improve pricing, UWM often offers incentives to brokers \u2013 the most recent being a 90-bps discount<\/a> on single loan submissions through Sept. 8. <\/p>\n

The scale of UWM\u2019s loss and its strategic moves have sparked questions about whether the company will pull back on support programs that have helped it cement relationships with brokers.<\/p>\n

Kortas said his main concern was whether UWM might cut back on initiatives like Success Track, the company\u2019s in-person and virtual training program. NEXA flies \u201ca few hundred people a month\u201d to UWM\u2019s Pontiac campus for Success Track, Kortas said.<\/p>\n

\u201cMy understanding is that they\u2019re actually doubling down on those because it\u2019s the in-person relationships that have really helped them over the years,\u201d he said, adding that he has not heard about any significant changes at this time.<\/p>\n

Ishbia pushes back<\/h2>\n

UWM, the largest wholesale mortgage lender in the country by volume, has moved quickly to counter questions about its financial health and long-term sustainability following the quarterly loss and capital raise. In a recent \u043f\u043e\u0441\u0442 \u0432 \u0441\u043e\u0446\u0438\u0430\u043b\u044c\u043d\u044b\u0445 \u0441\u0435\u0442\u044f\u0445<\/a> addressing the scrutiny, \u041c\u0430\u0442 \u0418\u0448\u0431\u0438\u044f<\/a>, UWM\u2019s president and CEO, said the company remains strong.<\/p>\n

\u201cAt the end of the day, what matters is the company\u2019s as strong as ever. \u2026 Even when we \u0441\u0442\u0430\u043b \u043f\u0443\u0431\u043b\u0438\u0447\u043d\u044b\u043c<\/a> at a $16 billion value, we were never stronger than we are today,\u201d Ishbia said.<\/p>\n

He framed the attention as a function of UWM\u2019s scale and the broker channel\u2019s recent gains<\/a>.<\/p>\n

\u201cWe\u2019re all together. I might be the one they like to talk about, but it\u2019s about brokers,\u201d Ishbia said. \u201cBecause guess what, brokers? You\u2019ve doubled your market share in the last five years. You think retail loves that? You think anyone else in the industry besides brokers likes that? Nobody likes that, right? You know who else has doubled the last five years? UWM. Think anyone likes that? Nobody likes that.\u201d<\/p>\n

Ishbia said he pays attention to criticism. \u201cSomeone said to me, \u2018Ignore the noise.\u2019 I don\u2019t ignore the noise. I embrace the noise. I read the noise,\u201d he said. \u201cAnyone see the thing about the 18th biggest lender last week and what happened to them? Nobody gives a shit, right? They only care about the No. 1 guy.\u201d<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains \u201cbusiness as usual\u201d following the lender\u2019s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production. The Pontiac, Michigan-based wholesale lender reported last week that it lost $451.9 million in the second quarter, driven largely by a […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63789","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nBrokers say it\u2019s \u2018business as usual\u2019 with UWM despite loss, capital raise\u00a0 - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/brokers-say-its-business-as-usual-with-uwm-despite-loss-capital-raise\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brokers say it\u2019s \u2018business as usual\u2019 with UWM despite loss, capital raise\u00a0\" \/>\n<meta property=\"og:description\" content=\"Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains \u201cbusiness as usual\u201d following the lender\u2019s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production. 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