United Wholesale Mortgage Has Cut 30 Percent Of Its Staff

United Wholesale Mortgage has reduced its staff by 2,600 since 2021. This 30% Of It’s Staff

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Since January 2021, United Wholesale Mortgage has let go of 2,600 employees. The company has gone from 8,600 employees to 6,000.

This contradicts CEO Mat Ishbia that UWM hasn’t laid anyone off.

Ishbia even stated it again in a recent webcast discussing UWM’s fourth-quarter and full-year earnings for 2022:

“Lastly, and most important to me, while my competitors are cutting investments and laying off thousands and thousands of people, we continue to invest in technology, take care of our people, and have never laid off a single team member in our 37-year history.”

While that may be true, it doesn’t mean the company never sheds jobs.

UWM has reduced its workforce by 2,600 employees or about 30% since January 2021 according to their SEC filings.

How does UWM explain its staff reductions?

Read More At Lender Meltdown

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