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UWM UNITED WHOLESALE MORTGAGE UWM Holdings Corporation Announces Third Quarter 2021 Results ● $ 329.9 million in 3021 Net Income ; Record Quarterly Total Loan Volume of $ 63.0 billion and Purchase Volume of $ 26.5 billion PONTIAC , MI , November 9 , 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 third quarter ended September 30 , 2021. UWMC reported 3Q21 net income of $ 329.9 million and diluted earnings per share of $ 0.16 . Loan origination volume for the quarter was a record of $ 63.0 billion , which included $ 26.5 billion in purchase volume . Net income for the third quarter was inclusive of a $ 170.5 million decline in fair value of mortgage servicing rights ( MSRs ) . . Mat Ishbia , Chairman and CEO of UWMC , said : " UWM broke company records yet again in Q3 for overall originations and purchase originations , demonstrating continued momentum for both UWM and the broker channel . I'm proud of our newest technology launches , BOLT , The Source , and UWM Appraisal Direct . These enhancements are just another in a long line of technology initiatives that UWM has pioneered over the years for the benefit of independent mortgage brokers , and by extension , consumers that are wise enough to use them rather than our retail competitors . Now more than ever , the broker channel is the fastest , easiest and cheapest way for a consumer to get a mortgage . " Exhibit 99.1 Third Quarter 2021 Financial Highlights Originations of $ 63.0 billion , a 16 % increase from $ 54.3 billion in 3Q20 and a 6 % increase from $ 59.2 billion in 2Q21 Purchase originations of $ 26.5 billion , a 119 % increase compared to $ 12.1 billion in 3Q20 and a 10 % increase from $ 24.1 billion in 2Q21 Total gain margin of 94 bps in 3Q21 compared to 318 bps in 3Q20 and 81 bps in 2Q21 Third quarter 2021 net income of $ 329.9 million inclusive of a $ 170.5 million decline in fair value of MSRs as compared to $ 1.5 billion of net income for 3Q20 inclusive of $ 68.9 million of expenses related to amortization , impairment , and pay - offs of MSRs and $ 138.7 million of net income for 2Q21 inclusive of a $ 219.1 million decline in fair value of MSRs Total equity of $ 3.0 billion at September 30 , 2021 as compared to $ 2.0 billion at September 30 , 2020 and $ 2.7 billion at June 30 , 2021 Unpaid principal balance of mortgage servicing rights increased to $ 284.9 billion at September 30 , 2021 from $ 153.1 billion at September 30 , 2020 and $ 260.5 billion at June 30 , 2021 Sale of MSRS in 3Q21 on loans with an aggregate unpaid principal balance of approximately $ 22.7 billion for proceeds of approximately $ 269.9 million Continued stock buyback , repurchasing 1,952,018 Class A shares in 3Q21 ; through September 30 , 2021 , total Class A shares repurchased by the Company of 2,742,617 for $ 21.0 million for an average price per share of $ 7.66 1