2024 Q3 Form 10-Q Financial Statement

#000178339824000044 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $526.4M
YoY Change -22.25%
Cost Of Revenue $83.41M
YoY Change 19.49%
Gross Profit $662.2M
YoY Change 28.73%
Gross Profit Margin 125.79%
Selling, General & Admin $257.6M
YoY Change 28.53%
% of Gross Profit 38.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.62M
YoY Change -2.92%
% of Gross Profit 1.91%
Operating Expenses $494.1M
YoY Change 31.64%
Operating Profit $168.0M
YoY Change 20.89%
Interest Expense -$360.3M
YoY Change -484.39%
% of Operating Profit -214.39%
Other Income/Expense, Net -$421.0K
YoY Change -653.95%
Pretax Income $32.29M
YoY Change -89.3%
Income Tax $344.0K
% Of Pretax Income 1.07%
Net Earnings -$6.295M
YoY Change -134.53%
Net Earnings / Revenue -1.2%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06
COMMON SHARES
Basic Shares Outstanding 99.80M shares
Diluted Shares Outstanding 99.80M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $636.3M
YoY Change -12.83%
Cash & Equivalents $636.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $68.80M
Other Receivables $532.0K
Total Short-Term Assets $1.109B
YoY Change 7.63%
LONG-TERM ASSETS
Property, Plant & Equipment $148.0M
YoY Change 1.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $109.0M
YoY Change 3.78%
Other Assets
YoY Change
Total Long-Term Assets $14.01B
YoY Change 25.39%
TOTAL ASSETS
Total Short-Term Assets $1.109B
Total Long-Term Assets $14.01B
Total Assets $15.12B
YoY Change 23.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.4M
YoY Change -73.13%
Accrued Expenses $668.1M
YoY Change 150.24%
Deferred Revenue
YoY Change
Short-Term Debt $93.66M
YoY Change -3.44%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $929.2M
YoY Change 7.05%
LONG-TERM LIABILITIES
Long-Term Debt $11.92B
YoY Change 45.23%
Other Long-Term Liabilities $93.60M
YoY Change 140.0%
Total Long-Term Liabilities $12.01B
YoY Change 45.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $929.2M
Total Long-Term Liabilities $12.01B
Total Liabilities $12.94B
YoY Change 42.0%
SHAREHOLDERS EQUITY
Retained Earnings $116.6M
YoY Change -10.5%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $119.4M
YoY Change
Total Liabilities & Shareholders Equity $15.12B
YoY Change 23.89%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$6.295M
YoY Change -134.53%
Depreciation, Depletion And Amortization $12.62M
YoY Change -2.92%
Cash From Operating Activities -$2.178B
YoY Change -729.57%
INVESTING ACTIVITIES
Capital Expenditures $12.27M
YoY Change 75.21%
Acquisitions
YoY Change
Other Investing Activities $249.7M
YoY Change -57.54%
Cash From Investing Activities $237.4M
YoY Change -59.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.897B
YoY Change -328.02%
NET CHANGE
Cash From Operating Activities -2.178B
Cash From Investing Activities 237.4M
Cash From Financing Activities 1.897B
Net Change In Cash -43.83M
YoY Change -146.13%
FREE CASH FLOW
Cash From Operating Activities -$2.178B
Capital Expenditures $12.27M
Free Cash Flow -$2.191B
YoY Change -746.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Entity Central Index Key
EntityCentralIndexKey
0001783398
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
UWM HOLDINGS CORPORATION
dei Entity Address Address Line1
EntityAddressAddressLine1
585 South Boulevard E.
dei Entity Address City Or Town
EntityAddressCityOrTown
Pontiac,
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
636327000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
497468000 usd
CY2024Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
10141683000 usd
CY2023Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
5449884000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
66977000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
33019000 usd
CY2024Q3 uwmc Retained Interest
RetainedInterest
108964000 usd
CY2023Q4 uwmc Retained Interest
RetainedInterest
110352000 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
561901000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
512070000 usd
CY2024Q3 us-gaap Servicing Asset
ServicingAsset
2800054000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
146417000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
95123000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
99125000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
24020000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29111000 usd
CY2024Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
391696000 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
856856000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
145072000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
111416000 usd
CY2024Q3 us-gaap Assets
Assets
15119798000 usd
CY2023Q4 us-gaap Assets
Assets
11871854000 usd
CY2023Q4 uwmc Warehouse Lines Of Credit Facility
WarehouseLinesOfCreditFacility
4902090000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
93599000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
40781000 usd
CY2024Q3 us-gaap Line Of Credit
LineOfCredit
300000000 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
750000000 usd
CY2024Q3 us-gaap Secured Debt
SecuredDebt
93662000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
93814000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
573865000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
469101000 usd
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
159818000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
159572000 usd
CY2024Q3 us-gaap Senior Notes
SeniorNotes
1991216000 usd
CY2023Q4 us-gaap Senior Notes
SeniorNotes
1988267000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
101833000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
106024000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
25836000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
30678000 usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2644000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1702000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116561000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
110690000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
2061162000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
2362119000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2180527000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2474671000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15119798000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11871854000 usd
CY2024Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
465548000 usd
CY2023Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
288930000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1121611000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
775111000 usd
CY2024Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
134753000 usd
CY2023Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
200428000 usd
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
463365000 usd
CY2023Q4 us-gaap Servicing Asset
ServicingAsset
4026136000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
147981000 usd
CY2024Q3 uwmc Warehouse Lines Of Credit Facility
WarehouseLinesOfCreditFacility
9207746000 usd
CY2024Q3 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
391696000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
856856000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
12939271000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
9397183000 usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
612205000 usd
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
58915000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
34380000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
34674000 usd
CY2023Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
44904000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
149524000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
132214000 usd
CY2024Q3 uwmc Servicing Costs
ServicingCosts
25009000 usd
CY2023Q3 uwmc Servicing Costs
ServicingCosts
33640000 usd
uwmc Servicing Costs
ServicingCosts
81120000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-421000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
180531000 usd
uwmc Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.78
CY2023 uwmc Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.76
CY2023Q4 uwmc Servicing Fee Receivables
ServicingFeeReceivables
164629000 usd
CY2024Q3 uwmc Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
63756000 usd
CY2023Q4 uwmc Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
48936000 usd
CY2024Q3 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
61084000 usd
CY2023Q4 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
26426000 usd
CY2023Q4 uwmc Derivative Settlement Receivable
DerivativeSettlementReceivable
1794000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
532000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
753000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3714000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4598000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
512070000 usd
CY2023Q3 uwmc Change In Fair Value Of Mortgage Servicing Rights Net
ChangeInFairValueOfMortgageServicingRightsNet
92909000 usd
uwmc Change In Fair Value Of Mortgage Servicing Rights Net
ChangeInFairValueOfMortgageServicingRightsNet
-604148000 usd
uwmc Change In Fair Value Of Mortgage Servicing Rights Net
ChangeInFairValueOfMortgageServicingRightsNet
-219730000 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-2124167
dei Entity Address State Or Province
EntityAddressStateOrProvince
MI
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
48341
dei City Area Code
CityAreaCode
(800)
dei Local Phone Number
LocalPhoneNumber
981-8898
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 uwmc Change In Fair Value Of Mortgage Servicing Rights Net
ChangeInFairValueOfMortgageServicingRightsNet
-446100000 usd
CY2024Q3 uwmc Gain Loss On Other Interest Rate Derivatives
GainLossOnOtherInterestRateDerivatives
226936000 usd
CY2023Q3 uwmc Gain Loss On Other Interest Rate Derivatives
GainLossOnOtherInterestRateDerivatives
0 usd
uwmc Gain Loss On Other Interest Rate Derivatives
GainLossOnOtherInterestRateDerivatives
254102000 usd
uwmc Gain Loss On Other Interest Rate Derivatives
GainLossOnOtherInterestRateDerivatives
0 usd
CY2024Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
145297000 usd
CY2023Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
94849000 usd
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
368554000 usd
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
258324000 usd
CY2024Q3 us-gaap Revenues
Revenues
526434000 usd
CY2023Q3 us-gaap Revenues
Revenues
677116000 usd
us-gaap Revenues
Revenues
1603484000 usd
us-gaap Revenues
Revenues
1425910000 usd
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
181453000 usd
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
135333000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
496005000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
387716000 usd
CY2024Q3 uwmc Direct Loan Production Costs
DirectLoanProductionCosts
58398000 usd
CY2023Q3 uwmc Direct Loan Production Costs
DirectLoanProductionCosts
36184000 usd
uwmc Direct Loan Production Costs
DirectLoanProductionCosts
135319000 usd
uwmc Direct Loan Production Costs
DirectLoanProductionCosts
76285000 usd
CY2024Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
22462000 usd
CY2023Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
20117000 usd
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
66011000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11636000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11563000 usd
CY2024Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
53664000 usd
uwmc Servicing Costs
ServicingCosts
102160000 usd
CY2024Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
141102000 usd
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
93724000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
348421000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
239445000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
76000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
921000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2386000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
494145000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
375389000 usd
us-gaap Operating Expenses
OperatingExpenses
1309859000 usd
us-gaap Operating Expenses
OperatingExpenses
1033795000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32289000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
301727000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
293625000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
392115000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
344000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
734000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4863000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
941000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
31945000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
300993000 usd
us-gaap Profit Loss
ProfitLoss
288762000 usd
us-gaap Profit Loss
ProfitLoss
391174000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38240000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
282762000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
283277000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
377326000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6295000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
18231000 usd
us-gaap Net Income Loss
NetIncomeLoss
5485000 usd
us-gaap Net Income Loss
NetIncomeLoss
13848000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99801301 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93290736 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96530282 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93107576 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99801301 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1596624780 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96530282 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93107576 shares
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3171693000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-138613000 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
9310000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150207000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2286000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2874542000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
228794000 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9310000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150207000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3303000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2947122000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
300993000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
9365000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150207000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3568000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3092111000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2474671000 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
9495000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
194261000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6513000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2457058000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
76286000 usd
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9559000 usd
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
198464000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3691000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2329012000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
31945000 usd
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
11315000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
171090000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5524000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2180527000 usd
us-gaap Profit Loss
ProfitLoss
288762000 usd
us-gaap Profit Loss
ProfitLoss
391174000 usd
uwmc Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
40185000 usd
uwmc Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
39811000 usd
uwmc Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
1980550000 usd
uwmc Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
1803648000 usd
uwmc Change In Fair Value Of Mortgage Servicing Rights Gross
ChangeInFairValueOfMortgageServicingRightsGross
-604148000 usd
uwmc Change In Fair Value Of Mortgage Servicing Rights Gross
ChangeInFairValueOfMortgageServicingRightsGross
-219730000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36615000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37622000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
15581000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9871000 usd
uwmc Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
4530000 usd
uwmc Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
-2956000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
3405000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1252000 usd
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
4691799000 usd
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
-1574921000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
33958000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
9922000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
65650000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-24573000 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
52818000 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-10866000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
36736000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
17039000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5698237000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
494513000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31162000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19617000 usd
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
2607316000 usd
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
1669216000 usd
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
5917000 usd
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
5807000 usd
uwmc Proceeds Payments For Margin Calls For Investment Securities
ProceedsPaymentsForMarginCallsForInvestmentSecurities
-795000 usd
uwmc Proceeds Payments For Margin Calls For Investment Securities
ProceedsPaymentsForMarginCallsForInvestmentSecurities
-3080000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2581276000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1652326000 usd
uwmc Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
4305656000 usd
uwmc Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
-1377093000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4842000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10213000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
991000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
500000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
750000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
950000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1000000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
279132000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
97328000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
279284000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
101345000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
28419000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
27879000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
565524000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
450621000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-899000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1307000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3255820000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2122121000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
138859000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24718000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
497468000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
704898000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
636327000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
729616000 usd
us-gaap Interest Paid Net
InterestPaidNet
300395000 usd
us-gaap Interest Paid Net
InterestPaidNet
233245000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2966000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-124000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CY2024Q3 uwmc Loss Contingency Required Payment Cash Savings Percent
LossContingencyRequiredPaymentCashSavingsPercent
0.85
CY2024Q3 uwmc Loss Contingency Cash Savings Percent
LossContingencyCashSavingsPercent
0.15
CY2024Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
9945707000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
5380119000 usd
CY2024Q3 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
117241000 usd
CY2023Q4 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
55112000 usd
CY2024Q3 uwmc Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
78735000 usd
CY2023Q4 uwmc Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
14653000 usd
CY2024Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
10141683000 usd
CY2023Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
5449884000 usd
uwmc Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.78
CY2023 uwmc Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.76
CY2024Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
208323000 usd
CY2023Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
97109000 usd
CY2024Q3 uwmc Servicing Fee Receivables
ServicingFeeReceivables
133472000 usd
CY2024Q3 uwmc Servicing Advances
ServicingAdvances
89687000 usd
CY2023Q4 uwmc Servicing Advances
ServicingAdvances
177021000 usd
CY2024Q3 uwmc Derivative Settlement Receivable
DerivativeSettlementReceivable
8761000 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
561901000 usd
CY2024Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
131614000 usd
CY2023Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
196509000 usd
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
451399000 usd
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
600960000 usd
CY2024Q3 uwmc Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
3139000 usd
CY2023Q3 uwmc Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
3919000 usd
uwmc Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11966000 usd
uwmc Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11245000 usd
CY2024Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
134753000 usd
CY2023Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
200428000 usd
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
463365000 usd
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
612205000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2000000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2000000000 usd
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0556
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0556
CY2024Q3 uwmc Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
50100000 usd
CY2023Q3 uwmc Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
40400000 usd
uwmc Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
185600000 usd
uwmc Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
201900000 usd
CY2024Q2 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
70543000 usd
CY2023Q2 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
59093000 usd
CY2023Q4 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
62865000 usd
CY2022Q4 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
60495000 usd
CY2024Q3 uwmc Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
16329000 usd
CY2023Q3 uwmc Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
12181000 usd
uwmc Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
40185000 usd
uwmc Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
39811000 usd
CY2024Q3 uwmc Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
1964000 usd
CY2023Q3 uwmc Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-8221000 usd
uwmc Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-14214000 usd
uwmc Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-37253000 usd
CY2024Q3 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
88836000 usd
CY2023Q3 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
63053000 usd
CY2024Q3 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
88836000 usd
CY2023Q3 uwmc Representation And Warranty Reserve
RepresentationAndWarrantyReserve
63053000 usd
CY2024Q3 uwmc Commitments To Extend Credit To Potential Borrowers
CommitmentsToExtendCreditToPotentialBorrowers
66400000000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
95256000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
99694000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
88836000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
62865000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
88372000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
82745000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
70062000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24985000 usd
CY2024Q3 uwmc Derivative Settlements Payable
DerivativeSettlementsPayable
53783000 usd
CY2023Q4 uwmc Derivative Settlements Payable
DerivativeSettlementsPayable
64777000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
52734000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
12199000 usd
CY2024Q3 uwmc Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
32820000 usd
CY2023Q4 uwmc Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
15494000 usd
CY2024Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
31918000 usd
CY2023Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
43174000 usd
CY2024Q3 uwmc Investor Payable
InvestorPayable
27716000 usd
CY2023Q4 uwmc Investor Payable
InvestorPayable
25001000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
21130000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
30334000 usd
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
11238000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
7833000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
573865000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
469101000 usd
CY2021 uwmc Percentage Of Beneficial Interest In Securitized Assets
PercentageOfBeneficialInterestInSecuritizedAssets
0.05
CY2024Q3 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
106600000 usd
CY2024Q3 uwmc Retained Interest
RetainedInterest
109000000 usd
CY2024Q3 us-gaap Secured Debt
SecuredDebt
93700000 usd
CY2024Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
10141683000 usd
CY2024Q3 us-gaap Retained Interest Fair Value Disclosure
RetainedInterestFairValueDisclosure
108964000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
13117678000 usd
CY2024Q3 uwmc Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
11238000 usd
CY2024Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
104837000 usd
CY2023Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
5449884000 usd
CY2023Q4 us-gaap Retained Interest Fair Value Disclosure
RetainedInterestFairValueDisclosure
110352000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
9619391000 usd
CY2023Q4 uwmc Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
7833000 usd
CY2023Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
48614000 usd
CY2024Q3 uwmc Payments For Aircraft Rental Fees
PaymentsForAircraftRentalFees
0 usd
CY2023Q3 uwmc Payments For Aircraft Rental Fees
PaymentsForAircraftRentalFees
100000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0107
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0024
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0166
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0024
us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.93
us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.94
CY2024Q3 uwmc Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
-13600000 usd
uwmc Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
-13600000 usd
CY2024Q3 uwmc Increase In Tax Receivable Agreement
IncreaseInTaxReceivableAgreement
17100000 usd
uwmc Increase In Tax Receivable Agreement
IncreaseInTaxReceivableAgreement
17100000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5800000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3900000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9900000 usd
CY2024Q3 uwmc Number Of Classes Of Stock
NumberOfClassesOfStock
2 class
CY2024Q3 us-gaap Profit Loss
ProfitLoss
31945000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
300993000 usd
us-gaap Profit Loss
ProfitLoss
288762000 usd
us-gaap Profit Loss
ProfitLoss
391174000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38240000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
282762000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
283277000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
377326000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-6295000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
18231000 usd
us-gaap Net Income Loss
NetIncomeLoss
5485000 usd
us-gaap Net Income Loss
NetIncomeLoss
13848000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6295000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18231000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5485000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13848000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6295000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
234712000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5485000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13848000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99801301 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93290736 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96530282 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93107576 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99801301 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1596624780 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96530282 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93107576 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001783398-24-000044-index-headers.html Edgar Link pending
0001783398-24-000044-index.html Edgar Link pending
0001783398-24-000044.txt Edgar Link pending
0001783398-24-000044-xbrl.zip Edgar Link pending
exhibit311ceocertification.htm Edgar Link pending
exhibit312cfocertification.htm Edgar Link pending
exhibit321ceocertification.htm Edgar Link pending
exhibit322cfocertification.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
ubs-uwmmraconformedcopythr.htm Edgar Link pending
uwmc-20240930.htm Edgar Link pending
uwmc-20240930.xsd Edgar Link pending
uwmc-20240930_cal.xml Edgar Link unprocessable
uwmc-20240930_def.xml Edgar Link unprocessable
uwmc-20240930_lab.xml Edgar Link unprocessable
uwmc-20240930_pre.xml Edgar Link unprocessable
uwmc-20240930_htm.xml Edgar Link completed