Page 1

UWM UNITED WHOLESALE MORTGAGE UWM Holdings Corporation Announces Second Quarter 2021 Results . PONTIAC , MI , August 16 , 2021 - UWM Holdings Corporation ( NYSE : UWMC ) , the publicly traded indirect parent of United Wholesale Mortgage ( " UWM " ) , the # 1 wholesale mortgage lender in America , today announced its results for the second quarter ended June 30 , 2021. UWMC reported 2Q21 net income of $ 138.7 million on $ 59.2 billion in total originations . The record loan origination volume for the quarter also included a quarterly record of $ 24.1 billion in purchase volume and net income for the second quarter was inclusive of a $ 219.1 million decline in fair value of mortgage servicing rights ( MSRs ) . . $ 138.7 million in 2021 Net Income ; Record Quarterly Total Loan Volume of $ 59.2 billion and Purchase Volume of $ 24.1 billion in 2021 Mat Ishbia , Chairman and CEO of UWMC , said : " We demonstrated the strength of our business by delivering our best quarter of all - time in terms of overall production and purchase production . As we have said previously , UWM is built to succeed not only when there is a refi boom and margins are at record highs , but also when margins are compressed and purchase business drives the volume . Consumers are increasingly coming to realize that working with a broker is the cheapest , fastest and easiest way to get a mortgage , and as long as the wholesale channel flourishes , so will UWM as the undisputed leader and champion of the channel . " Second Quarter 2021 Financial Highlights Exhibit 99.1 Originations of $ 59.2 billion , a 90 % increase from $ 31.1 billion in 2Q20 Purchase originations of $ 24.1 billion , a 288 % increase compared to $ 6.2 billion in 2Q20 Total gain margin of 81 bps in 2Q21 compared to 243 bps in 2Q20 Second quarter 2021 net income of $ 138.7 million inclusive of a $ 219.1 million decline in fair value of MSRs as compared to $ 539.5 million for 2Q20 inclusive of $ 70.0 million of expenses related to amortization , impairment , and pay - offs of MSRs . Total equity of $ 2.69 billion at June 30 , 2021 as compared to $ 1.47 billion at June 30 , 2020 Unpaid principal balance of mortgage servicing rights increased to $ 260.5 billion at June 30 , 2021 from $ 109.4 billion at June 30 , 2020 Commenced stock buyback and repurchased 790,599 shares of Class A Common Stock for $ 6.1 million through June 30 , 2021 1