UWM Holdings reported Q4 EPS 2c, consensus 9c (yesterday)

Reported Q4 revenue $560.2M, consensus $599.5M, and originations of $38.7B compared to $39.5B last quarter. The company anticipates Q1 production to be in the $28B to $35B range, with gain margin from 90 to 115 basis points. Mat Ishbia, Chairman and CEO of UWM, said in yesterday’s earnings release: “The broker channel is incredibly strong right now, as it continues to post a higher share of the industry. Together, our winning formula coupled with the momentum of the broker channel, will continue to be a championship combination in the future…It’s important for me to point out that while 2024 was certainly another challenging year for the industry, I am particularly proud of our team for delivering an almost 30% year-over-year increase in overall loan production and a nearly 20% increase in gain margin. I am excited to see what we can accomplish together in 2025.”