UWM Holdings Corporation (NYSE:UWMC) Q4 2022 Earnings Conference Call March 1, 2023 10:30 AM ET

Company Participants

Blake Kolo - Chief Business Officer & Head of IR

Mat Ishbia - Chairman & CEO

Andrew Hubacker - Chief Financial Officer

Conference Call Participants

Bose George - KBW

Eric Hagen - BTIG

Douglas Harter - Credit Suisse

Steven Delaney - JMP Securities

Operator

Good morning. My name is Chris, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the UWM Holdings Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

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 fourth quarter and full year 2022 UWM Holdings Corporation's 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 Holding Corporation and United Wholesale Mortgage.

Mat Ishbia

Thanks, Blake, and thank you, everyone, for joining us today. I appreciate you guys being here and looking forward to going through another great quarter and an awesome year here at UWM. 2022 was great across the board. As I've been saying all along, a higher interest rate environment is where you'll see the best mortgage companies separate even further from the rest of the mortgage companies remaining and we definitely saw that happened in 2022.

I'm confident UWM is the best mortgage company in America because of our efficiencies and partnership with mortgage brokers. The broker channel is the best place for consumers to get a loan and the best place for loan officers to work, and we're seeing that happen in front of all of our eyes.

With that being said, UWM is not slowing down. Regardless of interest rates, we continue to invest in our people and our technology. We continue to focus on our effort to help brokers win in the market. Our 54% market share of the broker channel in the fourth quarter is proof for that partnership, has never been stronger. And I'm sure everyone knows on this call, that is an all-time market share record in mortgage and it's truly amazing accomplishment for the broker channel and for UWM as their partner.