Our Story

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

And, for more than 20 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.


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.

In 2013, our corporate team relocated to our current Home Office on Paul Road in Pewaukee — a 56,000-square-foot facility which we fully renovated to meet the needs of a modern workforce.

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 family-like culture that allows us to have fun, be creative, and enjoy the important work that we do each day.

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charissa martin cassidy duborg
We Celebrate Homeownership Every Day

As a company, we are also dedicated to the success of our sales team — and our hardworking employees enjoy a supportive, collaborative atmosphere that encourages them to celebrate the “wins” of each and every individual. For our team, success isn’t about the numbers; it’s about the meaningful connections we form with one another, our customers, and our business partners.

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. Homeownership also provides families with a sense of emotional and financial stability.

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Customers with Waterstone Mortgage loan originator
Waterstone Mortgage Humane Animal Welfare HAWS
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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 plan to 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. We make it a priority to guide and educate our customers…

Every Step of the Way

And we’ll be here, working hard, finding the best mortgage solutions, and helping families come home.

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Jeff McGuiness President & CEO with top producer Gwen Swain at President's Club Awards Dinner
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Waterstone Mortgage
Company Milestones
Our History
WMC was founded
Waterstone Mortgage sold to Wauwatosa
Savings Bank, SSB
Wauwatosa Savings
Bank changed name to
WaterstoneBank, SSB
Became a Fannie Mae
seller & servicer
Became a Freddie Mac seller & servicer;
Achieved annual funding milestone of $1 billion
Relocated home office in Pewaukee, Wisconsin;
Became a Ginnie Mae approved issuer
Achieved annual funding milestone of $2.5 billion
Achieved annual funding milestone of nearly $3 billion;
Assisted over 14,000 individuals & families
Achieved annual funding milestone of $4.4 billion;
Assisted over 19,000 individuals & families