UWMC announces the strategic acquisition of Two Harbors Investment Corp. in an all-stock transaction for $1.3 billion.
The acquisition will expand UWMC's servicing portfolio and capabilities, leading to increased profitability and resilience.
The merger is expected to unlock substantial opportunities for growth, cost synergies, and enhanced client success.
Strategic Acquisition
UWMC to acquire TWO in an all-stock transaction worth $1.3 billion, aiming to bolster its long-term vision and drive profitability.
Enhanced Servicing Portfolio
The acquisition will double UWMC's MSR portfolio to approximately $400 billion, creating significant recurring revenues.
Cost and Revenue Synergies
Anticipated synergies of approximately $150 million annually to drive meaningful earnings accretion for UWMC.
Stockholder Benefits
UWM shareholders to own approximately 87% of the combined company post-acquisition, with a strengthened financial position.
- The acquisition will position UWMC as the number 8 servicer nationwide with over $400 billion in MSR, combining originations and servicing expertise.
- Alignment of TWO's capital markets proficiency with UWMC's scale is expected to enhance efficiencies around financing and hedging strategies.
The strategic acquisition of TWO underscores UWMC's commitment to growth, innovation, and empowering mortgage brokers. The combined company aims to deliver superior mortgage solutions while driving shareholder value.