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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Loan production income $ 981,988 $ 2,585,807 $ 4,551,415
Loan servicing income 792,072 638,738 288,304
Change in fair value of mortgage servicing rights (see Note 5) 284,104 (587,813) 0
Gain (loss) on sale of mortgage servicing rights 0 1,791 (62,285)
Interest income 314,462 331,770 161,160
Total revenue, net 2,372,626 2,970,293 4,938,594
Expenses      
Salaries, commissions and benefits 552,886 697,680 552,143
Direct loan production costs 90,369 72,952 54,459
Marketing, travel, and entertainment 74,168 62,472 20,367
Depreciation and amortization 45,235 35,098 16,820
General and administrative 179,549 133,334 98,856
Servicing costs 166,024 108,967 70,835
Amortization, impairment and pay-offs of mortgage servicing rights (see Note 5) 0 0 573,118
Interest expense 305,987 304,656 167,036
Other expense/(income) 23,739 (23,107) 0
Total expenses 1,437,957 1,392,052 1,553,634
Earnings before income taxes 934,669 1,578,241 3,384,960
Provision for income taxes 2,811 9,841 2,450
Net income 931,858 1,568,400 $ 3,382,510
Net income attributable to non-controlling interests 890,143 1,469,955  
Net income attributable to UWM Holdings Corporation $ 41,715 $ 98,445  
Earnings per share of class A common stock      
Basic (in usd per share) $ 0.45 $ 0.98  
Diluted (in usd per share) $ 0.45 $ 0.66  
Weighted average shares outstanding:      
Basic (in shares) 92,475,170 100,881,094  
Diluted (in shares) 92,475,170 1,603,157,640