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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Revenue            
Loan production income $ 589,461 $ 1,723,981 $ 2,143,400 $ 2,884,162    
Loan servicing income 174,695 70,503 443,762 182,656    
Change in fair value of mortgage servicing rights (see Note 5) (170,462) 0 (448,825) 0    
Gain (loss) on sale of mortgage servicing rights (5,443) (324) (670) (65,821)    
Interest income 102,063 40,041 227,169 119,308    
Total revenue, net 690,314 1,834,201 2,364,836 3,120,305    
Expenses            
Salaries, commissions and benefits 164,971 206,174 550,983 462,706    
Direct loan production costs 18,980 16,685 47,660 39,864    
Marketing, travel, and entertainment 14,138 3,608 37,138 13,913    
Depreciation and amortization 9,034 2,749 24,676 8,071    
Servicing costs 29,192 15,320 72,767 41,286    
Amortization, impairment and pay-offs of mortgage servicing rights (see Note 5) 0 68,928 0 357,728    
General and administrative 39,148 28,484 96,867 70,835    
Interest expense 90,221 40,620 215,884 113,683    
Other (income)/expense (8,710) 0 (27,544) 0    
Total expenses 356,974 382,568 1,018,431 1,108,086    
Earnings before income taxes 333,340 1,451,633 1,346,405 2,012,219    
Provision for income taxes 3,483 750 17,831 1,500    
Net income 329,857 $ 1,450,883 1,328,574 $ 2,010,719    
Net income attributable to non-controlling interests 304,611   1,247,079      
Net income attributable to UWM Holdings Corporation $ 25,246   $ 81,495      
Earnings per share of Class A common stock (see Note 17):            
Basic (in usd per share) $ 0.25   $ 0.80      
Diluted (in usd per share) $ 0.16   $ 0.55      
Weighted average shares outstanding:            
Basic (in shares) 101,106,023   102,247,594      
Diluted (in shares) 1,603,710,511   1,604,567,758      
UNITED WHOLESALE MORTGAGE, LLC            
Revenue            
Loan production income         $ 4,551,415 $ 1,043,483
Loan servicing income         288,304 102,288
Gain (loss) on sale of mortgage servicing rights         (62,285) (22,480)
Interest income         161,160 155,129
Total revenue, net         4,938,594 1,278,420
Expenses            
Salaries, commissions and benefits         552,143 372,172
Direct loan production costs         54,459 34,434
Professional services         12,115 37,785
Occupancy and equipment         58,890 40,095
Marketing, travel, and entertainment         20,278 23,433
Depreciation and amortization         16,820 9,405
Servicing costs         70,835 30,936
Amortization, impairment and pay-offs of mortgage servicing rights (see Note 5)         573,118 137,776
General and administrative         27,940 13,196
Interest expense         167,036 164,131
Total expenses         1,553,634 863,363
Earnings before income taxes         3,384,960 415,057
Provision for income taxes         2,450 0
Net income         $ 3,382,510 $ 415,057