Speaking at the AIME Fuse event, United Wholesale Mortgage CEO Mat Ishbia encouraged brokers to act now, stressing that waiting for even lower rates means missing opportunities. https://t.co/yfhEN7I8AM
— Mortgage Professional America Magazine (@MPAMagazineUS) October 27, 2025
The total gain margin was reported at 130 basis points, up from 113 bps in the second quarter of this year, and 118 bps in Q3 2024. Total revenue for the quarter was $843.3 million, up from $758.7 million last quarter and $745.6 million in the same quarter the previous year.
The unpaid principal balance of MSRs was $216 billion, with a weighted-average coupon (WAC) rate of 5.57%. At the end of the second quarter, the balance was $211.2 billion with a WAC of 5.51%. At the end of Q3 2024, it was $212.2 billion with a WAC of 4.56%.
The company ended the quarter with approximately $3.0 billion of available liquidity, including $870.7 million in cash and available borrowing capacity under secured and unsecured lines of credit.
A look ahead
The Pontiac, Michigan-based company is also looking forward to both the fourth quarter and 2026, as in-house servicing and continued technological advances look to boost the company into the new year, according to Ishbia.
“We are also on track to bring servicing in-house in January and will deliver the best consumer servicing experience in the industry through our strategic collaboration with BILT,” Ishbia said. “Finally, while others in the industry are still using AI as a buzzword, we’ve already generated over 14,000 loans for our brokers with Mia, our AI Loan Officer Assistant. The best part is, we are just getting started — we’re excited to continue building on this momentum in the quarters ahead.”