February 2017 - Making Millennials Move

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 39 E-LENDING GUIDE Special Advertising Section KEY PERSONNEL Eric Egenhoefer President and CEO Kevin Gillespie COO Tom Knapp SVP - CIO STAFFING Waterstone Mortgage has over 700 employees. CONTACT INFORMATION N25 W23255 Paul Road Pewaukee, WI 53072 Phone: 262.691.9300 Email: info@ Web: Waterstone Mortgage Corporation CORPORATE PROFILE Waterstone Mortgage Corporation was founded by President and CEO Eric Egenhoefer in 2000. As the company grew, it committed to supporting its loan originators in producing high quality loans, with a strong focus on purchase loans. Today, the company originates more than $2.5 billion in mortgage loans annually. BUSINESS LINES, SERVICES AND PRODUCTS Waterstone Mortgage offers a variety of loan products, which allows virtually every potential homebuyer to pursue their dream of homeown- ership. Aside from Conventional, FHA, VA, and USDA loans, it also offers niche products such as the 100 percent LTV Wealth Building Loan, jumbo and super jumbo loans (including jumbo loans with up to 95 percent LTV), a Medical Professional Program, a Single Loan Construction program, first-time homebuyer programs, reverse mortgag - es, refinance options, and much more. GEOGRAPHICAL SCOPE AND COVERAGE AREA Waterstone Mortgage has locations around the country, with the ability to lend in 42 states. In the past year, the company added new branches and locations in a variety of states where the real estate market is growing and thriving. KEY FEATURES/BENEFITS One of the distinguishing factors at Waterstone Mortgage is its commitment to purchase loan financing. Because the company focuses on pur- chase loans, Waterstone Mortgage is able to offer a level of purchase expertise that isn't common with many other mortgage lenders. COMPETITIVE ADVANTAGE At Waterstone Mortgage, innovative technology is a defining aspect that differentiates it from other mortgage lenders. This year, Waterstone Mortgage launched the new Waterstone Mobile app, a proprietary technology solution that con - nects loan originators with clients and referral partners and allows potential homebuyers to pre- qualify for a mortgage on their mobile devices in a few simple steps. In the next phase of develop - ment, the app will also allow homebuyers and their Realtors to access real-time updates and details on their loan status. The Waterstone Mobile app includes a variety of features, such as mortgage calculators and links to the loan originator's social media accounts and contact information. The goal of the app is to pro - vide loan originators, referral partners, and clients with an easy way to quickly communicate with one another and to access important information. ADDED VALUE TO CLIENTS Waterstone Mortgage uses Floify, an electronic document collection system. This software service allows processors and other loan professionals to safely and securely collect required documents, such as W2s and bank statements, throughout the mortgage process. It's easy and convenient for the clients, and includes plenty of bells and whistles for the loan professionals, such as the ability to send text notifications to clients and to quickly see an overview of the loans in process. Waterstone Mortgage has an enterprise agree - ment with AccountChek, an innovative technol- ogy solution that is part of the Fannie Mae Day One Certainty Program. This system is integrated through Floify and is specifically designed to obtain bank statements electronically. The service allows loan professionals to pull reports within seconds and it's accessible around the clock. This creates a streamlined experience for clients, who no longer need to manually pull, save, and email their bank statements. Because the data is never physically touched, the risk of errors or possible fraud is eliminated. This is a reassuring thought for clients who are trusting their lenders with confi - dential and sensitive information. "Innovative and proprietary technology is a significant part of Waterstone Mortgage's identity as a mortgage lender. We are continuously looking for new technology solutions, and developing our own systems in-house, to ensure that we give our borrowers and their Realtors the most efficient and positive loan process experience." —Eric Egenhoefer, Waterstone Mortgage President & CEO

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