UWM (UWMC) Proxy Filing summary

Executive summary

• Achieved record purchase volume in 2024 despite a challenging housing market, with $139.4B in total originations and $329.4M net income, reversing a prior year loss.

• Maintained #1 position as overall, purchase, and wholesale mortgage lender in the U.S. for multiple consecutive years.

• Continued investment in proprietary technology, including AI, to drive efficiency and service for brokers and borrowers.

• Focused on expanding leadership in the wholesale channel and supporting broker partners for future growth.

Voting matters and shareholder proposals

• Shareholders to vote on election of three directors for three-year terms, ratification of Deloitte as independent auditors, and advisory approval of executive compensation.

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation.

Board of directors and corporate governance

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

• Three director nominees: Kelly Czubak (independent), Alex Elezaj, and Mat Ishbia.

• Board includes a mix of independent and non-independent directors, with diversity in gender and background.

• Controlled company status allows exemptions from certain NYSE governance requirements; SFS Corp. and Mat Ishbia control majority voting power.

• Annual board and committee self-evaluations conducted to ensure effectiveness.