Why Use Waterstone - For Realtors
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We are the best of both worlds. We have the power of a mortgage banker with the flexibility of a mortgage broker.
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Why Use Waterstone - For Realtors
- 1. Realtors: Why work with us?
- 3. Other companies may not be fully trained, staffed or prepared to handle your business.
- 5. Two full-time staffers with extensive mortgage background ensure that WMC is compliant with agencies, bank regulators, etc.
- 6. Continuous training at all offices
- 8. Waterstone Appraiser Roster maintained, of quality appraisers recommended by loan officers in the areas in which Waterstone does business.
- 9. Prices are at market levels and are set for each market for each type of appraisal.
- 11. Much faster underwriting approval time.
- 12. Allows loans to close faster, avoiding rate lock extensions.
- 13. Results in less fallout due to appraisals underwriters wouldn’t accept.
- 14. Appraisal fees are lower for Waterstone due to AMC management fee elimination, also resulting in lower fees for the borrower.
- 16. LoanDecisions from NYLX – Helps analyze and select the most competitive rate and appropriate loan product from our vast network of lenders.
- 17. LoanBook from Ratespring – Real time tools monitor mortgage rates, assists borrowers in credit monitoring and credit score education.REALTOR IMPACT: Technology tools that make a Waterstone loan originatorthe best business partner you can have. Helps you focus more on your clients rather than worrying about where the money is coming from and whetherit will be there on time.
- 19. Automated best execution pricing and online lock capabilities.
- 20. Conventional, FHA, & VA are all fully-delegated underwritten in-house for all investors. Underwriting in days rather than weeks.
- 21. The power and stability of a publicly traded bank as a parent company –WaterStone Bank SSB. Assets of $2 billion. REALTOR IMPACT: A combination of forward-thinking best practices and savvy adjustments in a rapidly changing business environment make Waterstone the business partner that will help you compete in 2010.
- 23. Vast network of investors/lenders – Gives us access to extensive programs and competitive interest rates
- 24. Expanded product offerings via investors who only work with select lenders, like us.
- 26. Waterstone Mortgage President Eric Egenhoefer In addition to being President of Waterstone Mortgage Corp., Eric is a Director of the Wisconsin Mortgage Bankers Association, a member of the National Association of Mortgage Bankers and is affiliated with several other industry groups. He’s a graduate of the University of Wisconsin – Whitewater. Eric started Waterstone Mortgage in 2000. What started in 2000 with a skeleton staff now has offices in seven states and employs more than 350 people.