$138.7 million in 2Q21 Net Income;

Record Quarterly Total Loan Volume of $59.2 billion and Purchase Volume of $24.1 billion in 2Q21

UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), the #1 wholesale mortgage lender in America, today announced its results for the second quarter ended June 30, 2021. UWMC reported 2Q21 net income of $138.7 million on $59.2 billion in total originations. The record loan origination volume for the quarter also included a quarterly record of $24.1 billion in purchase volume and net income for the second quarter was inclusive of a $219.1 million decline in fair value of mortgage servicing rights (MSRs).

Mat Ishbia, Chairman and CEO of UWMC, said: "We demonstrated the strength of our business by delivering our best quarter of all-time in terms of overall production and purchase production. As we have said previously, UWM is built to succeed not only when there is a refi boom and margins are at record highs, but also when margins are compressed and purchase business drives the volume. Consumers are increasingly coming to realize that working with a broker is the cheapest, fastest and easiest way to get a mortgage, and as long as the wholesale channel flourishes, so will UWM as the undisputed leader and champion of the channel."

Second Quarter 2021 Financial Highlights

Originations of $59.2 billion, a 90% increase from $31.1 billion in 2Q20
Purchase originations of $24.1 billion, a 288% increase compared to $6.2 billion in 2Q20
Total gain margin of 81 bps in 2Q21 compared to 243 bps in 2Q20
Second quarter 2021 net income of $138.7 million inclusive of a $219.1 million decline in fair value of MSRs as compared to $539.5 million for 2Q20 inclusive of $70.0 million of expenses related to amortization, impairment, and pay-offs of MSRs.
Total equity of $2.69 billion at June 30, 2021 as compared to $1.47 billion at June 30, 2020
Unpaid principal balance of mortgage servicing rights increased to $260.5 billion at June 30, 2021 from $109.4 billion at June 30, 2020
Commenced stock buyback and repurchased 790,599 shares of Class A Common Stock for $6.1 million through June 30, 2021

Production and Income Statement Highlights (dollars in thousands)

	Q2 2021			Q1 2021			Q2 2020
Closed loan volume⁽¹⁾	$	59,210,747		$	49,094,240		$	31,137,561
Total gain margin⁽¹⁾⁽²⁾	0.81		%	2.19		%	2.43		%
Net income	$	138,712		$	860,005		$	539,487
Adjusted net income⁽³⁾	106,841			665,318			411,769
Adjusted EBITDA⁽³⁾	209,651			711,418			531,988

	(1)	Key operational metric - see discussion below.
	(2)	Represents total loan production income divided by total production.
	(3)	Non-GAAP metric - see discussion below.

Balance Sheet Highlights as of Period-end (dollars in thousands)

	Q2 2021		Q1 2021		Q2 2020
Cash and cash equivalents	$	1,048,177	$	1,592,663	$	570,439
Mortgage loans at fair value	12,404,112		5,503,271		5,793,106
Mortgage servicing rights (fair value at Q2 2021 and Q1 2021; amortized cost in Q2 2020)⁽¹⁾	2,662,556		2,300,434		924,260
Total assets	16,844,098		10,372,626		7,773,873
Non-funding debt ⁽²⁾	1,548,088		1,270,167		362,251
Total equity	2,686,986		2,778,036		1,468,151
Non-funding debt to equity ⁽²⁾	0.58		0.46		0.25

	(1)	The Company elected the fair value method of accounting for mortgage servicing rights effective January 1, 2021.
	(2)	Non-GAAP metric - please see discussion below.

Mortgage Servicing Rights (dollars in thousands)

	Q2 2021			Q1 2021			Q2 2020
Unpaid principal balance	$	260,514,602		$	220,978,670		$	109,355,531
Weighted average interest rate	2.97		%	3.00		%	3.63		%
Weighted average age (months)	7			7			5

Operational and Community Highlights

We maintained an average application to clear to close time ("Days to Close") of approximately 18 days in 2Q21 while management estimates that the industry average remains at an average of 47 days during second quarter 2021, as released in the June ICE Mortgage Technology Origination Insight Report
Our 1.19% 60+ days delinquency and our 1.06% forbearance rates, as of June 30, 2021, are significantly better than the industry averages of 4.37% and 3.76%, respectively, highlighting our strong credit quality
We launched FutureU, an internship program for children that are aging out of the foster care system, aimed at providing a career launching pad at UWM

Technology Update

In Q2 we launched a proprietary document management software platform that enables end-to-end document management, making our process more efficient. We expect estimated annual costs savings of approximately $8M.

Product and Investor Mix - Unpaid Principal Balance as of Period-end (dollars in thousands)

Purchase:	Q2 2021		Q1 2021		Q2 2020
Conventional	$	17,439,162	$	10,310,924	$	4,628,755
Jumbo	3,151,864		13,264		61,383
Government	3,471,430		1,893,354		1,515,975
Total Purchase	$	24,062,456	$	12,217,542	$	6,206,113

Refinance:	Q2 2021		Q1 2021		Q2 2020
Conventional	$	30,143,310	$	33,623,348	$	22,852,618
Jumbo	2,737,040		5,446		127,706
Government	2,267,940		3,247,904		1,951,124
Total Refinance	$	35,148,290	$	36,876,698	$	24,931,448
Total Originations	$	59,210,746	$	49,094,240	$	31,137,561

Chairman and CEO of UWMC, Mat Ishbia, added: "In Q2 we began seeing the return from the foundation we built, particularly in the rapid growth of our purchase production, and also evidenced by the renewed focus on Jumbo, Manufactured Homes, and FHA."

Third Quarter 2021 Outlook

We anticipate third quarter production to be in the $57-$62 billion range, with expected gain margin between 75 and 100 bps.

Dividend

Subsequent to June 30, 2021, the UWMC Board of Directors declared a cash dividend of $0.10 per share on the outstanding shares of Class A common stock. The dividend is payable on October 6, 2021 (the "Dividend Payment Date") to stockholders of record at the close of business on September 10, 2021. On or before the Dividend Payment Date, the Board, in its capacity as the Manager of UWM Holdings LLC ("Holdings LLC") and pursuant to its authority under the Holdings LLC Amended and Restated Operating Agreement, will determine whether to (a) make distributions from Holdings LLC to only UWM Holdings Corporation, as the owner of the Class A Units of Holdings LLC with the proportional amount due to SFS Holding Corp. ("SFS Corp.") as the owner of the Class B Units of Holdings LLC, being distributed upon the sooner to occur of (i) the Board making a determination to do so or (ii) the date on which Class B Units of Holdings LLC are converted into shares of Class B common stock of UWMC or (b) make proportional and simultaneous distributions from Holdings LLC to both UWM Holdings Corporation, as the owner of the Class A Units of Holdings LLC and to SFS Corp. as the owner of the Class B Units of Holdings LLC.

Recent Developments

Subsequent to June 30, 2021, the Company repurchased an additional 1.5 million shares of Class A common stock for approximately $11.5 million pursuant to the share repurchase plan authorized by the Company's Board of Directors.

Earnings Conference Call Details

As previously announced, UWMC will hold a conference call for financial analysts and investors on Monday, August 16 at 4:30 PM ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting:

http://www.directeventreg.com/registration/event/6547218
Conference ID: 6547218
Conference Call Name: UWM Holdings Corporation 2Q 2021 Earnings Call

Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Audio webcast, taped replay and transcript will be available on the UWMC investor relations website at https://investors.uwm.com/.

Key Operational Metrics

"Closed loan volume" and "Total gain margin" are key operational metrics that UWMC management uses to evaluate the performance of the business. "Closed loan volume" is the aggregate principal of the residential mortgage loans originated by UWMC during a period. "Total gain margin" represents total loan production income divided by total production.

Non-GAAP Metrics

UWMC's net income for periods prior to the first quarter of 2021 does not reflect a significant income tax provision, since UWM (UWMC's accounting predecessor) is a pass-through entity not subject to federal and most state income taxes. For periods commencing with the first quarter of 2021, UWMC's net income does not reflect the income tax provision that would otherwise be reflected if 100% of the economic interest in UWM was owned by UWMC. Therefore, for comparison purposes, UWMC provides "Adjusted net income", which is our pre-tax income adjusted for a 23.78% estimated effective tax rate. "Adjusted net income" is a Non-GAAP Metric.

We also disclose Adjusted EBITDA, which we define as earnings before interest expense on non-funding debt, provision for income taxes, depreciation and amortization of premises and equipment, stock-based compensation expense, the change in fair value of MSRs due to valuation inputs or assumptions (for periods subsequent to the election of the fair value method accounting for MSRs), and the impairment or recovery of MSRs (for periods prior to the election of the fair value method of accounting for MSRs), the impact of non-cash deferred compensation expense, and the change in fair value of Public and Private Warrants. We exclude the change in fair value of Public and Private Warrants and the change in fair value of MSRs due to valuation inputs or assumptions, or impairment or recovery of MSRs prior to the election of the fair value method of accounting for MSRs, as these represent non-cash, non-realized adjustments to our earnings, which is not indicative of our performance or results of operations. Adjusted EBITDA includes interest expense on funding facilities, which are recorded as a component of interest expense, as these expenses are a direct operating expense driven by loan origination volume. By contrast, interest expense on non-funding debt is a function of our capital structure and is therefore excluded from Adjusted EBITDA.

In addition, we disclose "Non-funding debt" and the "Non-funding debt to equity ratio" as a Non-GAAP metric. We define "Non-funding debt" as the total of UWMC's senior notes, operating lines of credit, equipment note payable, and finance leases as reported on our balance sheet, and the "Non-funding debt to equity ratio" as Non-funding debt divided by UWMC's total equity.

Management believes that these Non-GAAP metrics provide useful information to investors. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies.

The following table presents these non-GAAP financial measures along with their most directly comparable financial measure calculated in accordance with GAAP (dollars in thousands):

Adjusted net income	Q2 2021			Q1 2021			Q2 2020
Earnings before income taxes	$	140,174		$	872,891		$	540,237
Impact of estimated effective tax rate of 23.78%	(33,333		)	(207,573		)	(128,468		)
Adjusted net income	$	106,841		$	665,318		$	411,769

Adjusted EBITDA	Q2 2021			Q1 2021			Q2 2020
Net income	$	138,712		$	860,005		$	539,487
Interest expense on non-funding debt	22,292			16,343			5,472
Provision for income taxes	1,462			12,886			750
Depreciation and amortization	8,353			7,289			2,676
Stock-based compensation expense	2,327			—			—
Change in fair value of MSRs due to valuation inputs or assumptions	38,035			(197,802		)	—
(Recovery)/Impairment of MSRs	—			—			(25,697		)
Deferred compensation, net	—			30,000			9,300
Change in fair value of Public and Private Warrants	(1,530		)	(17,303		)	—
Adjusted EBITDA	$	209,651		$	711,418		$	531,988

Non-funding debt and non-funding debt to equity	Q2 2021			Q1 2021			Q2 2020
Senior notes	$	1,483,587		$	789,870		$	—
Operating lines of credit	—			400,000			335,000
Equipment note payable	2,583			25,424			27,251
Finance lease liability	61,918			54,873			—
Total non-funding debt	$	1,548,088		$	1,270,167		$	362,251
Total equity	$	2,686,986		$	2,778,036		$	1,468,151
Non-funding debt to equity	0.58			0.46			0.25

Forward Looking Statements

This press release and our earnings call include forward-looking statements. These forward-looking statements are generally identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "potential," "predict," and similar words indicating that these reflect our views with respect to future events. Forward-looking statements in this press release include statements regarding: (1) our foundation and strategies for growth and the drivers of that growth; (2) our "All-In" initiative and its impact on our business and industry; (3) our performance in shifting market conditions and the comparison of such performance against our competitors; (4) growth of the wholesale channel and the benefits to our business of such growth; (5) our investments in technology and the impact to our operations and financial results; (6) our purchase production and product mix; and (7) our anticipated ranges for production volume and margin in the third quarter of 2021. These statements are based on management's current expectations, but are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results materially differ from those stated or implied in the forward-looking statements, including (i) UWM's dependence on macroeconomic and U.S. residential real estate market conditions, including changes in U.S. monetary policies that affect interest rates; (ii) UWM's reliance on its warehouse facilities and the risk of a decrease in the value of the collateral underlying certain of its facilities causing an unanticipated margin call; (iii) UWM's ability to sell loans in the secondary market; (iv) UWM's dependence on the government sponsored entities such as Fannie Mae and Freddie Mac; (v) changes in the GSEs', FHA, USDA and VA guidelines or GSE and Ginnie Mae guarantees; (vi) UWM's dependence on Independent Mortgage Advisors to originate mortgage loans; (vii) the risk that an increase in the value of the MBS UWM sells in forward markets to hedge its pipeline may result in an unanticipated margin call; (viii) UWM's inability to continue to grow, or to effectively manage the growth of, its loan origination volume; (ix) UWM's ability to continue to attract and retain its Independent Mortgage Advisor relationships; (x) UWM's ability to implement technological innovation; (xi) UWM's ability to continue to comply with the complex state and federal laws regulations or practices applicable to mortgage loan origination and servicing in general; and (xii) other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission including those under "Risk Factors" therein. With respect to expectations regarding the share repurchase program, the amount and timing of share repurchases will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements. We wish to caution readers that certain important factors may have affected and could in the future affect our results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of us. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About UWM Holdings Corporation and United Wholesale Mortgage

Headquartered in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent of United Wholesale Mortgage ("UWM"). UWM is the #1 wholesale lender in the nation six years in a row, providing state-of-the-art technology and unrivaled client service. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. UWM focuses on providing highly efficient, accurate and expeditious lending support. UWM's exceptional teamwork and focus on technology result in the delivery of innovative mortgage solutions that drive the company's ongoing growth in market share and its leadership position as the foremost advocate for independent mortgage brokers. For more information, visit www.uwm.com.


UWM HOLDINGS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except shares and per share amounts)

	June 30, 2021		December 31, 2020
Assets	(Unaudited)
Cash and cash equivalents	$	1,048,177	$	1,223,837
Mortgage loans at fair value	12,404,112		7,916,515
Derivative assets	75,438		61,072
Accounts receivable, net	317,458		253,600
Mortgage servicing rights	2,662,556		1,756,864
Premises and equipment, net	130,864		107,572
Operating lease right-of-use asset, net (includes $86,748 and $92,571 with related parties)	87,130		93,098
Finance lease right-of-use asset (includes $29,385 and $0 with related parties)	61,356		22,929
Other assets	57,007		57,989
Total assets	$	16,844,098	$	11,493,476
Liabilities and Equity
Warehouse lines of credit	$	11,249,213	$	6,941,397
Accounts payable and accrued expenses	1,018,536		847,745
Accrued distributions and dividends payable	160,444		—
Derivative liabilities	82,551		66,237
Equipment note payable	2,583		26,528
Operating lines of credit	—		320,300
Senior notes	1,483,587		789,323
Operating lease liability (includes $97,898 and $104,006 with related parties)	98,280		104,534
Finance lease liability (includes $29,576 and $0 with related parties)	61,918		23,132
Total liabilities	14,157,112		9,119,196
Equity:
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—
Class A common stock, $0.0001 par value - 4,000,000,000 shares authorized, 102,318,776 shares issued and outstanding as of June 30, 2021	10		—
Class B common stock, $0.0001 par value - 1,700,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—
Class C common stock, $0.0001 par value - 1,700,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—
Class D common stock, $0.0001 par value - 1,700,000,000 shares authorized, 1,502,069,787 shares issued and outstanding as of June 30, 2021	150		—
Additional paid-in capital	187		24,839
Retained earnings	109,397		2,349,441
Non-controlling interest	2,577,242		—
Total equity	2,686,986		2,374,280
Total liabilities and equity	$	16,844,098	$	11,493,476


UWM HOLDINGS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except shares and per share amounts) (Unaudited)

	For the three months ended									For the six months ended
	June 30, 2021			March 31, 2021			June 30, 2020			June 30, 2021			June 30, 2020
Revenue
Loan production income	$	479,274		$	1,074,665		$	755,967		$	1,553,939		$	1,160,181
Loan servicing income	145,278			123,789			62,056			269,067			112,153
Change in fair value of mortgage servicing rights	(219,104		)	(59,259		)	—			(278,363		)	—
Gain (loss) on sale of mortgage servicing rights	10			4,763			(15,275		)	4,773			(65,497		)
Interest income	79,194			45,912			27,900			125,106			79,267
Total revenue, net	484,652			1,189,870			830,648			1,674,522			1,286,104
Expenses
Salaries, commissions and benefits	172,951			213,061			134,749			386,012			256,533
Direct loan production costs	15,518			13,162			10,625			28,680			23,179
Marketing, travel, and entertainment	11,330			10,495			2,820			21,825			10,254
Depreciation and amortization	8,353			7,289			2,676			15,642			5,321
Servicing costs	23,067			20,508			12,644			43,575			25,966
Amortization, impairment and pay-offs of mortgage servicing rights	—			—			70,046			—			288,800
General and administrative	42,116			16,778			26,826			58,894			42,402
Interest expense	72,673			52,990			30,025			125,663			73,063
Other (income)/expense	(1,530		)	(17,304		)	—			(18,834		)	—
Total expenses	344,478			316,979			290,411			661,457			725,518
Earnings before income taxes	140,174			872,891			540,237			1,013,065			560,586
Provision for income taxes	1,462			12,886			750			14,348			750
Net income	138,712			860,005			539,487			998,717			559,836
Net income attributable to non-controlling interest	130,448			812,020			N/A			$	942,468		N/A
Net income attributable to UWMC	$	8,264		$	47,985		N/A			$	56,249		N/A

Earnings per share of Class A common stock:
Basic	$	0.08		$	0.47		N/A			$	0.55		N/A
Diluted	$	0.07		$	0.33		N/A			$	0.39		N/A
Weighted average shares outstanding:
Basic	102,760,823			103,104,205			N/A			102,908,906			N/A
Diluted	1,605,067,478			1,605,173,992			N/A			1,605,215,562			N/A

Addendum to Exhibit 99.1

This addendum includes the Company's Condensed Consolidated Balance Sheets as of June 30, 2021 and the preceding four quarters and Statements of Operations for the quarter ended June 30, 2021 and the preceding four quarters, for purposes of providing historical quarterly trending information to investors.


CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except shares and per share amounts)

	June 30, 2021		March 31, 2021		December 31, 2020		September 30, 2020		June 30, 2020
Assets	(Unaudited)		(Unaudited)				(Unaudited)		(Unaudited)
Cash and cash equivalents	$	1,048,177	$	1,592,663	$	1,223,837	$	755,795	$	570,439
Mortgage loans at fair value	12,404,112		5,503,271		7,916,515		5,215,196		5,793,106
Derivative assets	75,438		113,168		61,072		51,053		56,938
Accounts receivable, net	317,458		549,381		253,600		246,862		217,325
Mortgage servicing rights	2,662,556		2,300,434		1,756,864		1,411,272		924,260
Premises and equipment, net	130,864		111,964		107,572		51,548		81,522
Operating lease right-of-use asset, net	87,130		87,896		93,098		109,680		111,753
Finance lease right-of-use asset	61,356		54,456		22,929		—		—
Other assets	57,007		59,393		57,989		66,397		18,530
Total assets	$	16,844,098	$	10,372,626	$	11,493,476	$	7,907,803	$	7,773,873
Liabilities and Equity
Warehouse lines of credit	$	11,249,213	$	4,823,740	$	6,941,397	$	4,913,206	$	5,408,390
Accrued distributions and dividends payable	1,018,536		1,185,499		847,745		462,074		360,972
Accrued dividends payable	160,444		160,517		—		—		—
Derivative liabilities	82,551		55,479		66,237		41,498		50,654
Equipment note payable	2,583		25,424		26,528		25,925		27,251
Operating lines of credit	—		400,000		320,300		320,300		335,000
Senior notes	1,483,587		789,870		789,323		—		—
Operating lease liability	98,280		99,188		104,534		122,439		123,455
Finance lease liability	61,918		54,873		23,132		—		—
Total liabilities	14,157,112		7,594,590		9,119,196		5,885,442		6,305,722
Equity:
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—		—		—		—
Class A common stock, $0.0001 par value - 4,000,000,000 shares authorized, 102,318,776 shares issued and outstanding as of June 30, 2021	10		10		—		—		—
Class B common stock, $0.0001 par value - 1,700,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—		—		—		—
Class C common stock, $0.0001 par value - 1,700,000,000 shares authorized, none issued and outstanding as of June 30, 2021	—		—		—		—		—
Class D common stock, $0.0001 par value - 1,700,000,000 shares authorized, 1,502,069,787 shares issued and outstanding as of June 30, 2021	150		150		—		—		—
Additional paid-in capital	187		—		24,839		24,839		—
Retained earnings	109,397		113,078		2,349,441		1,997,522		1,468,151
Non-controlling interest	2,577,242		2,664,798		—		—		—
Total equity	2,686,986		2,778,036		2,374,280		2,022,361		1,468,151
Total liabilities and equity	$	16,844,098	$	10,372,626	$	11,493,476	$	7,907,803	$	7,773,873


CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except shares and per share amounts) (Unaudited)

	For the three months ended
	June 30, 2021			March 31, 2021			December 31, 2020		September 30, 2020			June 30, 2020
Revenue
Loan production income	$	479,274		$	1,074,665		$	1,667,252	$	1,723,981		$	755,967
Loan servicing income	145,278			123,789			105,648		70,503			62,056
Change in fair value of mortgage servicing rights	(219,104		)	(59,259		)	—		—			—
Gain (loss) on sale of mortgage servicing rights	10			4,763			3,538		(324		)	(15,275		)
Interest income	79,194			45,912			41,852		40,041			27,900
Total revenue, net	484,652			1,189,870			1,818,290		1,834,201			830,648
Expenses
Salaries, commissions and benefits	172,951			213,061			89,437		206,174			134,749
Direct loan production costs	15,518			13,162			14,595		16,685			10,625
Marketing, travel, and entertainment	11,330			10,495			6,452		3,572			2,820
Depreciation and amortization	8,353			7,289			8,749		2,749			2,676
Servicing costs	23,067			20,508			29,549		15,320			12,644
Amortization, impairment and pay-offs of mortgage servicing rights	—			—			215,390		68,928			70,046
General and administrative	42,260			16,778			28,024		28,520			26,826
Interest expense	72,673			52,990			53,353		40,620			30,025
Other (income) expense	(1,530		)	(17,304		)	—		—			—
Total expenses	344,478			316,979			445,549		382,568			290,411
Earnings before income taxes	140,174			872,891			1,372,741		1,451,633			540,237
Provision for income taxes	1,462			12,886			950		750			750
Net income	138,712			860,005			1,371,791		1,450,883			539,487
Net income attributable to non-controlling interest	130,448			812,020			N/A		N/A			N/A
Net income attributable to UWMC	$	8,264		47,985			N/A		N/A			N/A

Earning per share of Class A common stock:
Basic	$	0.08		$	0.47		N/A		N/A			N/A
Diluted	$	0.07		$	0.33		N/A		N/A			N/A
Weighted average shares outstanding:
Basic	102,760,823			103,104,205			N/A		N/A			N/A
Diluted	1,605,067,478			1,605,173,992			N/A		N/A			N/A

View source version on businesswire.com: https://www.businesswire.com/news/home/20210816005191/en/

UWM Holdings Corporation Announces Second Quarter 2021 Results