UWM Holdings Corporation Class A (UWMC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Recording in progress. I'm going to go through every one of them, at least I'm trying to get through every one of them, hopefully make it as effective for everyone as possible. Before I get into that, obviously, from a second quarter perspective, operating income over $180 million, adjusted EBITDA along with about $40 billion of business. We feel really good about UWM and the strength of the broker channel and the growth of the broker channel. So we feel great about where that's at. Obviously, I've got so many questions about Oak Tree Partnerships. The Dividend, Two Harbors, The Hedging. We're going to get through all that stuff and I'll try to get through it. Before I get into it, I wanted to start with the overall picture from where we are at UWM and the partnership with Oak Tree. We feel great about Oak Tree and the partnership that we have and are creating. Oak Tree is not just capital, they're strategic partners of ours. They have MSR background. Non-agency, like they have a lot of mortgage related and they're betting on housing and they're betting on UWM and so we're excited about the partnership and what it's going to do for our business long term and that's what we always think about is how do we dominate long term. The mortgage market's been tough the last five years now. And UWM's consistently made operating income. And Two Harbors recognized the strength of our business and says, hey, how can we take this to the next level? And from a strategic perspective, we see a lot of the same vision about the brokers, about the operating model and infrastructure that we built to help the independent mortgage channel grow and dominate. And that's really what we're about here at UWM. And housing and mortgages are going to be here and be strong. It's a huge market. And ...