Waterstone Opens New Albuquerque Branch

Jul 13, 2018

Waterstone Mortgage Corporation has announced the opening of a new Southwestern Regional office in Albuquerque, N.M. The new Albuquerque branch will be the largest yet for Waterstone Mortgage, with more than 100 employees working out of the main office and multiple satellite offices.

“This is a significant growth opportunity for Waterstone Mortgage,” said Waterstone Mortgage Chief Executive Officer Eric Egenhoefer. “The addition of the Albuquerque branch, which will make up our Southwestern region, will allow us to more effectively serve homebuyers in this area of the country. With the product variety of a bank-owned organization–as well as the local expertise our Albuquerque office will offer–we hope to bring a new level of expertise to customers in the greater New Mexico area.”

The Southwestern region will be led by Regional Vice President Sue Millspaugh, who has more than 30 years of experience in the mortgage lending and finance industries.

“My team and I are very excited to join Waterstone Mortgage,” said Millspaugh. “The organization’s sterling reputation, ability to close loans on time, substantial list of product offerings, and company culture will fit perfectly with our overall goals. The team is also looking forward to the opportunity to grow professionally within a well-respected and forward-thinking company.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Jul 13, 2018

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...