Our Story

home is where life happens which is one reason why homes play such a significant role in our lives

And, for almost 25 years, Waterstone Mortgage has worked with families across the nation, helping them achieve their homeownership dreams. While our goal has remained the same, we've come a long way over the years.

Waterstone Mortgage was founded in 2000 in suburban Milwaukee. Our first office space was only 350 square feet — which was a tight fit, even for our small 3-person team.

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By 2006, Waterstone Mortgage had grown to 58 employees in two states. At the time, most of our business was made up of purchase transactions — a defining characteristic of our company to this day. To offer the best loan products and most secure financing for our customers, Waterstone Mortgage was sold in 2006 to Wauwatosa Savings Bank — which changed its name to WaterStone Bank two years later.

While our current Home Office is located in Brookfield, Wisconsin, we have employees across the nation.

Over the years, we’ve built a company to be proud of — winning a variety of top workplace awards and gaining national recognition for our loan production.

Our employees are some of the best in the business, and we enjoy a culture of comradery that allows us to have fun, be creative, and enjoy the important work that we do each day.

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We Celebrate Homeownership Every Day

Our employees also believe that mortgage lending isn’t just an occupation — it’s a way to celebrate homeownership every day. For generations, homeownership has represented the greatest source of wealth for most U.S. households, and provides families with a sense of emotional and financial stability.

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We’re proud to play an important role in helping families across the nation achieve their version of the American dream — and we will continue developing products and technology that will help create the most transparent, streamlined, and positive mortgage experience.

Because, at Waterstone Mortgage, we are committed to helping as many people as possible achieve their dream of homeownership.

Our Story
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Waterstone Mortgage
Company Milestones
Our History
2000
Waterstone Mortgage Corporation was founded
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2006
Waterstone Mortgage sold to Wauwatosa
Savings Bank, SSB
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2008
Wauwatosa Savings
Bank changed name to
WaterStone Bank, SSB
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2010
Became a Fannie Mae
seller & servicer
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2011
Became a Freddie Mac seller & servicer;
Achieved annual funding milestone of $1 billion
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2013
Became a Ginnie Mae approved issuer
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2019
Achieved annual funding milestone of nearly $3 billion;
Assisted over 14,000 individuals & families
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2020
Achieved annual funding milestone of $4.4 billion;
Assisted over 19,000 individuals & families
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2024

Relocated the Home Office to Brookfield, Wisconsin