Waterstone Mortgage announced it has opened a new Southwestern regional office in Albuquerque, New Mexico. While Waterstone extends its reach, decreasing origination rates are forcing other mortgage companies to downsize.
Waterstone Mortgage Corp. recently announced it is making changes to its leadership in the Southeast with the appointments of three new regional vice presidents. The national lender added David Holbrook, Dustin Owen and Michael Smalley as regional vice presidents for the Southeastern area of the nation.
Investment in technology yields significantly faster turn times
July 1, 2016
The company’s dedication to efficiency starts with the borrower. The entire process that customers have to go through with lenders has significant room for improvement and to address that, Waterstone Mortgage is investing in technology that automates redundant tasks in the back office.
The "Wealth Building Loan" requires no down payment, and offers eligible borrowers a 7/1 adjustable rate mortgage with a 20-year amortization. Waterstone said that the "Wealth Building Loan" also eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3% down payment.
Mortgage Agility allows borrowers to upload mortgage application data though mobile devices, then extracts that information and assembles it into a complete mortgage application package that integrates directly into loan origination systems.
The first thing you notice about New American Funding's Rick and Patty Arvielo is how much they like each other. That might seem like a foregone conclusion when you meet a married couple, but when that couple also runs an incredibly successful business together, I imagine it could get complicated. Read on to find out more about how this successful couple manages their life, and business, together.
For the first time since 1981, our industry is experiencing a rising interest rate environment. Some people may assume that the current market shift means their business will take a downward turn from which they will never recover. I don’t buy it. The way I see it, challenging times force us to refine our processes and practices.