UWM Holdings Corporation (UWMC) Stock

UWM Holdings Corporation (UWMC) is a Financials stock trading at $1.84 (as of 2026-07-24), with a market capitalization of $2.94B and a trailing P/E of 32.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.

Understand UWM Holdings Corporation: how it makes money

UWM Holdings Corporation originates residential mortgage loans in the United States through wholesale channels and makes money from mortgage origination and mortgage servicing, including managing and selling mortgage servicing rights.

UWM's profit engine is the combination of servicing-rights scale (captured by Mortgage Servicing Rights Unpaid Principal Balance and Mortgage Servicing Rights Unpaid Principal Value) and mortgage production volumes (refinance and purchase), supported by credit outcomes that show up in delinquency and forbearance.

Business quality (Solid): Strong linkage to trackable operating drivers (servicing rights balances, production volumes, and credit metrics). A limitation for this investor view is that reportable segment revenue detail is not fully specified in the provided facts.

Valuation: At 9× earnings, UWMC trades 29% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Large mortgage servicing rights portfolio: Mortgage Servicing Rights Unpaid Principal Balance is 229.5 USD_B and Mortgage Servicing Rights Unpaid Principal Value is 241.0 USD_B, indicating substantial servicing exposure.
Ongoing loan production activity: Refinance Loan Origination Volume is 26.3 USD_B and Purchase Mortgage Production Volume is 18.7 USD_B, showing continued origination across refinance and purchase.
Servicing rights monetization is active: Mortgage Servicing Rights Sold is 73.0 USD_B and Loan Unpaid Principal Value Sold is 28.0 USD_B, suggesting UWM can generate cash by selling servicing-related exposure.

Bear case

Credit stress risk: Forbearance Rate is 0.57 and Delinquency Rate (More Than 60 Days Past Due) is 1.18 percent, indicating meaningful borrower payment strain.
Servicing portfolio sensitivity: Mortgage Servicing Rights Weighted Average Age is 17.0 count and Mortgage Servicing Rights Weighted Average Interest Rate is 5.9 percent, implying profitability can be affected by how the existing servicing book ages and its rate characteristics.

Valuation — source: SEC EDGAR (first-party)
Price	$1.84
Market Cap	$2.94B
P/E Ratio	32.2
EV / EBITDA	17.6
Price / Book	1.84
Price / Sales	0.94
FCF Yield	-142.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.16B
Net Margin	0.9%
Revenue Growth (YoY)	46.1%
EPS Growth (YoY)	0.0%
FCF Growth (YoY)	-56.7%

Valuation vs Sector & Industry
Stock P/E	32.2
Sector P/E (Financials)	15.4
Industry P/E (Banking)	13.4
vs Sector	109.1%
vs Industry	139.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	FMR LLC ($95.96M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Mathew R. Ishbia
Employees	9,100
Country	US
IPO Date	2020-05-01

Related Companies (Business model: Specialty Finance / Lending; 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.