Our Story

2000: WMC was founded

2006: WMC was sold to Wauwatosa Savings Bank, SSB

2008: Wauwatosa Savings Bank, SSB changes name to Waterstone Bank, SSB

2010: Became a Fannie Mae seller/servicer

2011: Became a Freddie Mac seller/servicer; Achieved annual funding milestone of $1 billion

2013: Relocated corporate office in Pewaukee, Wisconsin; Became a Ginnie Mae-approved issuer

2016: Achieved annual funding milestone of $2.5 billion

2017: Achieved annual funding milestone of $2.6 billion

Better Loan Experience

Waterstone Mortgage Corporation (WMC) was founded in 2000 to offer customers a better experience at the closing table. As the company expands, we continue to focus our efforts on producing high quality loans, with a strong emphasis on purchase transactions. Our expertise in purchase loans ensures that our team has the knowledge and tools necessary to close loans on time — which is a defining feature of our company.

The Right People in Place

The company’s reputation as a strong, purchase focused lender allows us to attract top talent from the mortgage lending industry. We are careful to select the most knowledgeable, trustworthy, and innovative employees in the business. As a company that values our ethics and culture above all, we are committed to doing things the right way — and don’t take shortcuts to sacrifice our long term goals. It’s all part of our desire to provide the best possible experience for our clients.

Focus on What Matters

While we are known for our exceptional commitment to closing loans on time, we are also focused on creating a positive, engaging work environment where our employees can find the professional fulfillment and opportunities they seek. In addition, we place a strong emphasis on technology — working consistently to find, develop, and implement solutions that enhance and streamline the mortgage loan experience. Finding the best home loan for every customer is our primary goal, as we work to help thousands around the nation achieve their homeownership dreams.