Applications / Mortgage Analytics / Lenders / Wisconsin / Waterstone Mortgage
Brookfield, WI · Non-bank subsidiary of a bank · CFPB · 7,079 loans in 2025
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7,079
loans originated, 2025
9,629
applications, 2025
48
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Waterstone Mortgage is a bank-owned home-purchase lender, ranked 3 of 364 lenders in Albuquerque, whose originations fell 9% in 2025 while the whole market grew 10%.
It ranked 3 of 364 in Albuquerque, its largest market, with a share of 4.1%, down from 6.2%; JLL Real Estate Capital ranked first and United Wholesale Mortgage second. The fall may follow its smaller total lending in a growing market. New Mexico is its main state, though it lent in 48 states.
Its 7,079 loans put it above nearly nine in ten similar lenders (non-bank subsidiaries of banks making between an eighth and eight times as many loans), whose typical lender made 1,678. Home purchases were 90.9% of its lending. Originations fell 9%, against a 1% fall for similar lenders, a larger fall than about nine in ten of them. It made 19,071 loans in 2020. As a purchase lender, its volume may follow home sales in its markets, including Albuquerque.
23.2% of its loans were in LMI (low- and moderate-income) areas, against 20.1%, higher than about nine in ten similar lenders, and 33.8% were in majority-minority areas, against 21.4%. Its share to LMI borrowers was 33.0%, against 29.5%. FHA loans (insured by the Federal Housing Administration) were 23.1% and VA loans (guaranteed by the Department of Veterans Affairs) 10.9%, both above peers' 17.5% and 7.8%, which could account for part of this.
Questions the data can answer next
Similar lenders: same lender type, originations between an eighth and eight times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Waterstone Mortgage took 9,629 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 90.9% · Refinance 9.0% · Home improvement 0.1%
Conventional 65.1% · FHA 23.1% · VA 10.9% · USDA (RHS or FSA) 0.9% · of 7,079 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Mexico | 2,064 | 29.2% |
| Florida | 832 | 11.8% |
| Oklahoma | 493 | 7.0% |
| Texas | 430 | 6.1% |
| Virginia | 402 | 5.7% |
| Wisconsin | 395 | 5.6% |
| Arizona | 386 | 5.5% |
| Idaho | 349 | 4.9% |
| Missouri | 235 | 3.3% |
| Maryland | 195 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Albuquerque | 1,536 |
| Phoenix-Mesa-Chandler | 338 |
| Tulsa | 329 |
| Kansas City | 328 |
| Boise City | 311 |
| Orlando-Kissimmee-Sanford | 241 |
| Minneapolis-St. Paul-Bloomington | 199 |
| Santa Fe | 176 |
| Crestview-Fort Walton Beach-Destin | 144 |
| Blacksburg-Christiansburg-Radford | 100 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300GRGZDEH4ZGQS06 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3429509 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3392001010 | |
| Respondent ID (the HMDA filer code before 2018) | 4392001010 | 2006–2006 |
Established 21 July 2000. Reported under HMDA 2006-2025.
Mergers, name changes, data editions and corrections: Waterstone Mortgage's data.
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