United Wholesale Mortgage reported net income of $12.1 million in the third quarter of 2025, down from $31.9 million in the same quarter last year, the Pontiac-based lender reported Thursday.

The third-quarter results were also lower than the $314.5 million in net income UWM reported in the second quarter of 2025.

The continued profitability comes as the company reports an increase in loan originations, totaling $41.7 billion in the third quarter, up from $39.7 billion in the second quarter and $39.5 billion in the third quarter of 2024. It's the largest quarterly originations since 2021, the firm said.

"The third quarter was a fantastic opportunity to show off the results of three years of disciplined preparation, strategic decisions and an unwavering focus on innovation and execution,

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