The Waterstone Mortgage Story
The lessons learned as a loan processor and originator several years ago are now the foundation of a company that has survived—and thrived—in a time of economic uncertainty.
Company President Eric Egenhoefer entered into the mortgage lending business in 1997 as a processor and quickly moved through the ranks: closer, loan officer and operations manager. His time in these positions gave him the background he needed to understand the impact that policy changes have on each department.
Eric incorporated those lessons when he started Waterstone Mortgage Corporation in 2000. He put industry best practices to work at his company, building it to sustain a rapid amount of growth in a short period of time.
As the company grew, Waterstone Mortgage committed itself to producing high quality loans and steered firmly away from subprime or predatory lending. This approach allowed the company to not just survive economic challenges, but to thrive in spite of them.
The Right People in Place
Our reputation for solid lending practices and rapid growth allows us to attract top talent from the mortgage lending industry. With the right people in place, we continues to grow while maintaining a reputation for exceptional customer service. Today, Waterstone Mortgage has nearly 600 employees in 23 states and the ability to lend in 42 states.
About Eric Egenhoefer
In addition to being President of Waterstone Mortgage Corporation, Eric is a member of the National Association of Mortgage Bankers and is affiliated with several other industry groups. He is a graduate of the University of Wisconsin – Whitewater.