UWM Holdings Corporation (NYSE:UWMC) Q2 2023 Earnings Call Transcript August 9, 2023 10:30 AM ET
Company Participants
Blake Kolo - Chief Business Officer & Head of IR
Mat Ishbia - Chairman & CEO
Andrew Hubacker - CFO
Conference Call Participants
Kyle Joseph - Jefferies
James Faucette - Morgan Stanley
Bose George - KBW
Douglas Harter - Credit Suisse
Kevin Barker - Piper Sandler
Eric Hagen - BTIG
Michael Kaye - Wells Fargo
Steven Delaney - JMP securities
Vilas Abraham - UBS
Operator
Good morning. My name is Lisa, and I'll be your conference operator today. At this time, I would like to welcome everyone to the UWM Holdings Corporation Second Quarter 2023 Earnings Call. All lines have been placed on mute to prevent ay background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions]
Blake Kolo, you may begin your conference.
Blake Kolo
Good morning. This is Blake Kolo, Chief Business Officer and Head of Investor Relations. Thank you for joining us and welcome to the Second Quarter 2023 UWM Holdings Corporation Earnings Call.
Before we start, I would like to remind everyone that this conference call includes forward-looking statements. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the earnings release that we issued this morning.
I will now turn the call over to Mat Ishbia, Chairman and CEO of UWM Holdings Corporation and United Wholesale Mortgage.
Mat Ishbia
Thanks, Blake. Well, I'd like to start by thanking everyone for joining the call. I really appreciate it. We're very excited here at UWM, proud of our team members, proud of our clients and really proud of the amazing quarter we've had at UWM. The market, the data, the numbers we're seeing are all really strong, and we're going to talk more about that soon.
But before I get into that, I want to start with one of the overarching themes in our industry, and that's the market. It's been a very difficult mortgage market over the last 18 months. But UWM has demonstrated the strength because of the foundation we've built for years and years, we can succeed in all market environments. As I have said, dating back to my initial roadshow when we went public, and every quarterly call since, this quarter is evidenced once again that UWM can succeed in all of these markets. While other companies are exiting the market, losing money, shrinking and laying people off. We are the exact opposite. We are profitable. We are hiring. We are investing in technology, and we are planning to continue to grow.