UWM (UWMC) Proxy filing summary

Executive summary

• Celebrating 40 years, the company maintained its position as the #1 wholesale and overall mortgage lender in the U.S. for 2025, with total originations rising to $163.4 billion from $139.4 billion in 2024, despite a challenging housing and interest rate environment.

• Net income for 2025 was $244.0 million, down from $329.4 million in 2024, with a focus on technology investments, operational efficiency, and bringing all servicing in-house to enhance borrower experience.

• The company emphasizes a broker-centric model, strong workplace culture, and continuous innovation, with a workforce of approximately 9,100 team members and high employee engagement.

Voting matters and shareholder proposals

• Shareholders are asked to elect four directors for a three-year term, ratify Deloitte & Touche LLP as independent auditors, and approve executive compensation on an advisory basis.

• The Board recommends voting “FOR” all proposals.

Board of directors and corporate governance

• The Board consists of ten members divided into three classes, with staggered three-year terms to ensure continuity.

• Four nominees for election: Stacey Coopes, Jeffrey A. Ishbia, Laura Lawson, and Isiah Thomas, each bringing diverse expertise in technology, law, operations, and governance.

• The company is a “controlled company” under NYSE rules, with SFS Corp. and Mat Ishbia controlling a majority of voting power, allowing certain governance exemptions.

• Three directors are independent; the Audit Committee is fully independent, while the Compensation Committee includes non-independent members due to controlled company status.

• The Board conducts annual self-evaluations and emphasizes diversity, with four women among ten directors.