UWM Holdings Corporation (NYSE:UWMC) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET
Company Representatives
Mat Ishbia - Chairman, Chief Executive Officer
Andrew Hubacker - Senior VP, Chief Accounting Officer, Interim Principal Financial Officer
Blake Kolo - Chief Business Officer, Head of Investor Relations
Conference Call Participants
Doug Harter - Credit Suisse
Jay McCanless - Wedbush Securities
Bose George - KBW
James Faucette - Morgan Stanley
Kyle Joseph - Jefferies
Courtney Bahlman - Barclays
Kevin Barker - Piper Sandler
Operator
Good morning! My name is Rob, and I will be your conference operator today. At this time I would like to welcome everyone to the UWM Holdings Corporation’s Third Quarter 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 third quarter 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 Holdings Corporation, and United Wholesale Mortgage.
Mat Ishbia
Thanks, Blake, and thank you everyone for joining us. Today we are excited to be hosting this call as the #1Overall Mortgage Lender in America. There has never been a 100% wholesale lender that has earned this title and we are very proud to be Number 1. What a great day for the UWM family, our team members, our mortgage broker partners and our investors.
Well, I didn’t know when, I was confident this day would come, because as I continue to say, brokers are the best place for customers to get a loan and the wholesale channel is the best place for a loan officer to work, and that is why we are Number 1, together as a community with our brokers.
At this point, I would hope everyone realizes we consistently deliver on what we say. We said we’d dominate the purchase market. We just had our best purchase quarter of all time and nearly $28 billion of purchase volume. We believe the combination of brokers and the real-estate partners, coupled with UEM efficiencies and technologies make for a championship combination for the American consumer.