United Wholesale Mortgage outperformed Rocket with $326 million in the third quarter.

Pontiac-based United Wholesale Mortgage successfully increased its profit and mortgage volume despite a market slowdown in its mortgage business, posting a net profit of 326 million in the third quarter turned into dollars.

The company also reported that total mortgage originations reached approximately $33.5 billion. This surpassed Dan His Gilbert’s Rocket His Mortgage as the top mortgage lender in the U.S. for the first time since 2018.

UWM’s net income for the quarter was $325.6 million, up from $215.4 million in the second quarter. In the third quarter of 2021 he was below $329.9 million.

UWM does not report gross revenue figures.

more:Rocket Companies expects profit of $96 million amid lower mortgage volumes

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Rocket Mortgage’s parent company on Thursday reported $25.6 billion in third-quarter originations and $96 million in net income or earnings.

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