UWM Holdings Corporation (NYSE:UWMC) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET

Company Participants

Blake Kolo - Chief Business Officer & Head, Investor Relations
Mathew Ishbia - Chairman & Chief Executive Officer
Andrew Hubacker - Chief Financial Officer

Conference Call Participants

Derek Sommers – Jefferies
Bose George – KBW
Eric Hagen – BTIG
Jeffrey Adelson - Morgan Stanley
Terry Ma – Barclays
Brad Capuzzi - Piper Sandler
Doug Harter – UBS
Douglas Harter – UBS
Jordan Jay - Philly Financial

Operator

Good morning. My name is Christina and I will be your conference operator today. At this time, I would like to welcome everyone to the UWM Holdings Corporation Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise and the 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 2024 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 our earnings release that we issued this morning.

Our commentary today will also include non-GAAP financial metrics. For information on our non-GAAP metrics and the reconciliations between the GAAP and non-GAAP metrics for the reported results, please refer to the earnings release issued earlier today as well as our filings with the SEC.

I will now turn the call over to Mathew Ishbia, Chairman and CEO of UWM Holdings Corporation and United Wholesale Mortgage.

Mathew Ishbia

Thanks Blake and thank you, everyone, for joining us today. Over the past couple of years, two of our main goals have been very clear, growing UWM with a broker channel market share by dominant purchase and investing and preparing for the next refi boom, while others in the industry are cutting staff and tech investment just to survive.

Today, I can say with full confidence that we achieved both. Our share growth and purchase dominance is undisputed. In fact, our purchase market share has grown about 300% since 2019. And historically, whenever we have grown purchase market share, we have kept it. So, we feel really great about our positioning there.