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Waterstone Mortgage Corporation has surpassed $2.5 billion in mortgage loan originations in 2016. The achievement marks a 16 percent increase in sales over 2015 and an all-time annual record for the company, which was founded in 2000.
Waterstone Mortgage also launched the new Waterstone Mobile app, a proprietary technology solution that connects loan originators with their 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 development, the app will also allow homebuyers and their Realtors to access real-time updates and details on their loan status.
“It’s a very exciting time at Waterstone Mortgage,” said Waterstone Mortgage President & CEO Eric Egenhoefer. “In addition to our record of $2.5 billion in annual originations, we’ve added a considerable number of branches in the past year. Now, with the launch of the proprietary Waterstone Mobile app, we’re stepping into a new era of mortgage lending technology.”
The Waterstone Mobile app includes a variety of features, such as mortgage calculators, links to the loan originator’s social media accounts and contact information, and access to a brief pre-qualification form that can be completed in a matter of minutes. The goal of the app is to provide loan originators, referral partners, and clients with a way to easily and quickly communicate with one another and to access important information.
“As an organization, we are fortunate to have a dedicated team of employees who understand the importance of closing on time,” said Egenhoefer. “Our origination achievements, as well as our proprietary technology, would never exist without the hard-working individuals who strive every day to make these goals a reality.”