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Regional settings| Spread | 0.04 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ US$5,000.00 Short position overnight fee ~ US$4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ US$5,000.00 Short position overnight fee ~ US$4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
Information_provided_by_capital
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 6.37 |
| Open | 6.42 |
| 1-Year Change | 17.58% |
| Day's Range | 6.37 - 6.51 |
UWM Holdings Corporation (UWMC) is a licensed mortgage lender in all 50 states in the US and Washington DC.
Founded in 1986 and headquartered in Pontiac, Michigan, the company is the indirect parent of United Wholesale Mortgage (UWM), a direct residential mortgage and wholesale lender in the US.
To avoid conflicts with its partners, the company only operates as a wholesale mortgage lender. A wholesale mortgage lender originates, underwrites and closes a loan arranged by an Independent Mortgage Broker. As a result, during the mortgage loan financing process, the company does not work directly with borrowers.
In 2021, the company partnered with over 11,000 independent broker businesses across the US with more than 45,000 associated loan officers. Approximately 35,000 of the officers had submitted a loan to the company in 2021.
The company originated approximately 654,000 loans last year. Reviewing, underwriting, approving, closing and funding a borrower’s loan application is known as loan origination. It also offers training, technology, marketing assistance, and other services to assist entrepreneurial partners.
UWMC started to trade publicly due to a business combination with Gores Holdings IV Inc. a special purpose acquisition company (SPAC). The company’s stock began trading on the New York Stock Exchange (NYSE) on 22 January 2021 under the symbol UWMC.
