Waterstone Mortgage Continues Expansion With Two New Additions

Waterstone Mortgage Corporation has announced the addition of two new branches to its national direct lending branch network as well as the opening of its new Florida regional headquarters. The company now has new branches in Charlottesville, Va., and Tallahassee, Fla., bringing its total number of branches to 64.

"We continue to seek out opportunities to expand our mortgage operation and have greatly enjoyed the security and returns that bringing on new branches offers us," said Waterstone Mortgage President and CEO Eric Egenhoefer. "There are many fine mortgage originators in this business who want to become part of a larger network. Reducing compliance costs is just one of the many reasons that owners of mid-tier mortgage companies reach out to us. I'm always pleased when they do."

The new Charlottesville, Va. branch will be staffed by an excellent team of local mortgage professionals who will serve the vibrant Charlottesville community and surrounding area.

The new Tallahassee, Fla. branch will be led by Sales Manager Jay Ralstin, a 15-year veteran of the mortgage industry and current president of the Mortgage Bankers Association of Florida. Ralstin will be joined at the Tallahassee location by a team of six mortgage professionals, including Senior Mortgage Advisor Pam Keller. With more than 33 years of lending experience, Keller has built an unmatched reputation of integrity and superior customer service.

Waterstone's new Florida regional headquarters, located in Winter Park, Florida, is co-managed by David Holbrook, Dustin Owen and Mike Smalley, the team that opened Waterstone Mortgage's first Florida branch in 2008.