United Wholesale Mortgages is the #1 wholesale mortgage lender and #2 mortgage lender in the US and expected to beat earnings tomorrow with astronomical numbers! UWM recently went public with a valuation of 16B calculated at 9.5x using the companies estimated adjusted net income of the first nine months ended September 2020 which was 1.7B x 9.5 this is BEFORE their record breaking earnings in Q3 and Q4 numbers were considered.
In Q3 they closed 54.2B in closed loan volume with 3.18% margin which equals to 1.45B in net income. This is a money printing machine especially with low interest rates and a booming housing market. Pays a dividend at .40c/share, current yield is 3.6% at $10.88 you will be buying in at the floor after consolidating for weeks.
Q4 net is expected to be 1.8~2B tomorrow afterhours. Conference call on Thursday 10am with financial analysts to review the results and upgraded PT comes after. Confirmed Super Bowl commercial on Sunday as well.
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