Company President Eric Egenhoefer entered into the mortgage lending business in 1997 as a processor and quickly moved through the ranks: closer, loan officer and operations manager. His time in these positions gave him the background he needed to understand the impact that policy changes have on each department.
Eric incorporated those lessons when he started Waterstone Mortgage Corporation in 2000. He put industry best practices to work at his company, building it to sustain a rapid amount of growth in a short period of time.
As the company grew, Waterstone Mortgage committed itself to producing high quality loans and steered firmly away from subprime or predatory lending. This approach allowed the company to not just survive economic challenges, but to thrive in spite of them.