UWM Holdings Corp-A 2024年度报告

2024ANNUAL REPORT LETTER FROM THE CHAIRMAN AND CEO TO OUR SHAREHOLDERS AND FAMILY: As we reflect on the last year, I want to take this opportunity to thank you for yourcontinued trust and investment in United Wholesale Mortgage (UWMC).Since goingpublic in 2021, we have remained steadfast in our commitment to championing the wholesalemortgage channel, delivering industry-leading technology, and providing unparalleled service toour broker partners. Our success is a testament to the dedication of our team members and thestrength of our broker-centric model, which continues to drive growth and shareholder value. 2024 was another fantastic year for UWM.We delivered record-breaking purchase volumein the lowest year on record for existing home sales in the U.S. since 1995. We achievedapproximately $330 million of net income and a gain margin of 110 basis points, up 19% from2023. 2024 marked our third consecutive year as the #1 overall lender, our fourth year in a rowas the #1 purchase lender, and our tenth consecutive year as the #1 wholesale lender. Despite rates staying higher for longer, we maintained our leadership position bystaying true to our core principles: innovation, speed, and service.Our continuedinvestments in proprietary technology, including artificial intelligence, have streamlined the loanprocess, improving efficiency for both brokers and borrowers. For example, we are very pleasedwith the efficiency and knowledge enhancements from ChatUWM, an exclusive client- andteam-member-facing AI platform. Additionally, our disciplined approach to cost managementand strategic execution has allowed us to navigate market fluctuations while maintainingfinancial strength with unparalleled preparedness for an evolving rate cycle. Mat IshbiaChairman, Chief ExecutiveOfficer and President 2024 also proved to be another incredible year for broker channel growth.The BrokerChannel achieved its highest overall share of direct-funded loans in over 15 years, posting a27.3% share of the market. To put this in perspective, in 2020, the broker channel share in theU.S. was 18.2%. 2024 marked our thirdconsecutive year as the #1overall lender, our fourth yearin a row as the #1 purchaselender, and our tenthconsecutive year as the #1wholesale lender.” As we look ahead, we remain focused on expanding our leadership in the wholesalechannel and capitalizing on opportunities to further differentiate UWM from ourcompetitors.We will continue to make strategic investments in technology, training, andpartnerships that empower mortgage brokers to thrive, which enable borrowers to receiveunparalleled service and savings. Regardless of the rate environment, I believe that UWM hasnever been better prepared for the future. Your confidence and support are integral to oursuccess. On behalf of our Board of Directors and the entire UWM team, thank you for your trustin our leadership and our vision for the future. We look forward to another year of progress, innovation, and shared success. Sincerely, UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______________ to _______________ Commission file number 001-39189 UWM HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) 84-2124167 (State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification No.)38 (800) 981-8898 Registrant's telephone number, including area codeN/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesxNoo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNo Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements forthe past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required tobe submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit and post such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.