Cover	12 Months Ended
Cover	Dec. 31, 2022
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	UWM Holdings Corporation
Entity Central Index Key	0001783398

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of

Regulation

S-K,

we are providing the following information about the relationship between executive “Compensation Actually Paid” (or “CAP”), as defined by SEC rules, and certain of our financial performance metrics. For further information concerning our variable

pay-for-performance

philosophy and how we align executive compensation with our performance, refer to the “Compensation Discussion and Analysis” section of this proxy statement.



Year	Summary Compensation Table Total for PEO		Compensation Actually Paid to PEO		Average Summary Compensation Table Total for Non-PEO NEOs		Average Compensation Actually Paid to Non-PEO NEOs		Value of Initial Fixed $100 Investment Based On:				Net Income (in thousands)		Adjusted EBITDA (in thousands)
Year	Summary Compensation Table Total for PEO		Compensation Actually Paid to PEO		Average Summary Compensation Table Total for Non-PEO NEOs		Average Compensation Actually Paid to Non-PEO NEOs		Total Shareholder Return		Peer Group Total Shareholder Return		Net Income (in thousands)		Adjusted EBITDA (in thousands)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)

2022		$6,989,522		$6,989,522		$2,552,653		$2,473,719		$33.43		$86.36		$ 931,858		$ 282,402

2021		$7,808,350		$7,808,350		$3,874,197		$3,787,729		$53.55		$108.23		$1,568,400		$1,418,337

Column (b)

. Reflects compensation amounts reported in the “Summary Compensation Table” or “SCT” for our CEO, Mat Ishbia, for the respective years shown.

Column (c)

. CAP for our CEO in each of 2022 and 2021 reflects the respective amounts set forth in column (b), as determined in accordance with SEC rules. The dollar amounts reflected in column (c) do not reflect any adjustment amounts, as our CEO, Mr. Ishbia, did not have any outstanding stock awards at the beginning of the earliest period presented, nor did he receive any stock awards during 2021 or 2022. For information regarding decisions made by our Compensation Committee with respect to the CEO’s compensation for each of 2022 and 2021, please see the “Compensation Discussion and Analysis” section of this proxy statement and the proxy statement for the 2022 annual meeting of stockholders.

Column (d)

. The following

non-CEO

named executive officers are included in the average figures shown for each of 2021 and 2022: Tim Forrester, Melinda Wilner, Alex Elezaj, Laura Lawson. In June 2022, Mr. Forrester commenced a leave of absence for health reasons, at which time the Board designated Andrew Hubacker to serve as our interim principal financial officer. As such, Mr. Hubacker is also included in the average figures shown for 2022.

Column (e)

. Average CAP for our

non-CEO

NEOs in each of 2022 and 2021 reflects the respective amounts set forth in column (d), adjusted as set forth in the table below, as determined in accordance with SEC rules. Each of our

non-CEO

NEOs received an equity award in 2021. However, in 2022, Mr. Hubacker was the only

non-CEO

NEO to receive an award of restricted stock units, which was granted following his designation as interim principal financial officer. The dollar amounts reflected in column (e) do not reflect the actual amount of compensation earned by or paid to our

non-CEO

NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee with respect to the

non-CEO

NEOs’ compensation for each of 2022 and 2021, please see the “Compensation Discussion and Analysis” section of this proxy statement and the proxy statement for the 2022

annual

meeting of stockholders.



Year	2021			2022
Non-CEO NEOs	See column (d) note			See column (d) note

Average SCT Total Compensation ($)		3,874,197			2,552,653

Less: Stock Award Values Reported in SCT for the Covered Year ($)		(366,188	)		(10,800	)

Plus: Fair Value for Stock Awards Granted in the Covered Year ($)		279,720			9,930

Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years ($)		—			(48,474	)

Change in Fair Value of Stock Awards from Prior Years that Vested in the Covered Year ($)		—			(29,589	)

Less: Fair Value of Stock Awards Forfeited during the Covered Year ($)		—			—

Compensation Actually Paid ($)		3,787,729			2,473,719

Column (f)

. Reflects the cumulative total shareholder return (TSR) of UWMC for the measurement periods of

January

21, 2021 through December 31, 2021 and the year ended December 31, 2022, respectively.

Column (g

). Reflects the cumulative TSR of the Dow Jones U.S. Mortgage Finance Index (the “Industry Index”) for the measurement periods of January 21, 2021 through December 31, 2021 and the year ended December 31, 2022, respectively.

Column (h)

. Reflects “Net Income” in our consolidated income statements included in our Annual Reports on Form

10-K

for each of the years ended

December

31, 2022 and 2021.

Column (i)

. Company-selected Measure is Adjusted EBITDA, which is described below.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote [Text Block]

The following

non-CEO

Peer Group Issuers, Footnote [Text Block]

Reflects the cumulative TSR of the Dow Jones U.S. Mortgage Finance Index (the “Industry Index”) for the measurement periods of January 21, 2021 through December 31, 2021 and the year ended December 31, 2022, respectively.

PEO Total Compensation Amount

$ 6,989,522

$ 7,808,350

PEO Actually Paid Compensation Amount

6,989,522

7,808,350

Non-PEO NEO Average Total Compensation Amount

2,552,653

3,874,197

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,473,719

3,787,729

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Column (e)

. Average CAP for our

non-CEO

NEOs in each of 2022 and 2021 reflects the respective amounts set forth in column (d), adjusted as set forth in the table below, as determined in accordance with SEC rules. Each of our

non-CEO

NEOs received an equity award in 2021. However, in 2022, Mr. Hubacker was the only

non-CEO

NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee with respect to the

non-CEO

NEOs’ compensation for each of 2022 and 2021, please see the “Compensation Discussion and Analysis” section of this proxy statement and the proxy statement for the 2022

annual

meeting of stockholders.



Year	2021			2022
Non-CEO NEOs	See column (d) note			See column (d) note

Average SCT Total Compensation ($)		3,874,197			2,552,653

Less: Stock Award Values Reported in SCT for the Covered Year ($)		(366,188	)		(10,800	)

Plus: Fair Value for Stock Awards Granted in the Covered Year ($)		279,720			9,930

Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years ($)		—			(48,474	)

Change in Fair Value of Stock Awards from Prior Years that Vested in the Covered Year ($)		—			(29,589	)

Less: Fair Value of Stock Awards Forfeited during the Covered Year ($)		—			—

Compensation Actually Paid ($)		3,787,729			2,473,719

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Total Shareholder Return Vs Peer Group [Text Block]

Tabular List [Table Text Block]

Listed below are the financial and

non-financial

performance measures which in our assessment represent the

most

important performance measures we used for 2022 to link CAP to our named executive officers to our performance.



Measure	Nature	Explanation

Adjusted EBITDA	Financial measure	Non-GAAP financial measure calculated as earnings before interest expense on non-funding debt, provision for income taxes, depreciation and amortization, stock-based compensation expense, the change in fair value of MSRs due to valuation inputs or assumptions, the impact of non-cash deferred compensation expense, the change in fair value of the Public and Private Warrants, the change in the Tax Receivable Agreement liability, and the change in fair value of retained investment securities. We use Adjusted EBITDA to evaluate our operating performance, and it is one of the measures used by our management for planning and forecasting future periods.

Gain Margin	Financial Measure	Financial measure calculated as total loan production income divided by total loan origination volume for the applicable period.

Cost Per Loan	Financial Measure	Financial measure for per unit costs to originate calculated as total origination expense divided by closed loans for the applicable period.

Total Loan Production	Non-financial performance measure	Operational metric calculated as total purchase loan production volume and total refinance loan production volume.

Broker Channel Growth	Non-financial performance measure	Operational metric for growth in the number of new loan officers and unique real estate agents closing a loan with a broker.

Loan Defect Rate	Non-financial performance measure	Operational metric of percentage of loan defects discovered within total loans originated.

Net Promoter Score	Non-financial performance measure	Operational metric for measuring client satisfaction based on average monthly scores of regular surveys.