Pewaukee, Wisconsin-based Waterstone Mortgage announced it is opening new branches as it continues to seek opportunities to grow in the mortgage market.

At the same time, the national lender announced its new Florida regional headquarters.  

The addition of the two new branches in Charlottesville, Virginia, and Tallahassee, Florida, brings its total number of branches to 64.

Sales Manager Jay Ralstin, a 15-year veteran of the mortgage industry and current president of the Mortgage Bankers Association of Florida, will lead the Tallahassee branch.

Meanwhile, David Holbrook, Dustin Owen, and Mike Smalley, the team that opened Waterstone Mortgage's first Florida branch in 2008, will co-manage the new Florida regional headquarters.

"We continue to seek out opportunities to expand our mortgage operation and have greatly enjoyed the security and returns that bringing on new branches offers us," said Waterstone Mortgage President and CEO Eric Egenhoefer.

"There are many fine mortgage originators in this business who want to become part of a larger network. Reducing compliance costs is just one of the many reasons that owners of mid-tier mortgage companies reach out to us. I'm always pleased when they do," added Egenhoefer