United Wholesale Mortgage (UWM), a publicly traded residential mortgage lender, originates loans exclusively through the wholesale channel by partnering with thousands of independent mortgage brokers and loan officers across all 50 states. The company specializes in conforming agency loans and government-backed mortgages (FHA, VA, USDA), which it sells to government-sponsored enterprises like Fannie Mae, Freddie Mac, and Ginnie Mae, or to non-agency investors. UWM generates revenue from loan origination fees and margins, as well as from servicing fees on mortgage servicing rights it retains from originated loans, while maintaining a technology-driven platform that emphasizes fast loan processing, underwriting efficiency, and high-quality portfolio composition.