Waterstone Mortgage Corporation NMLS #186434
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Who is Waterstone Mortgage Corporation?
Waterstone Mortgage Corporation (NMLS #186434) is a lender or broker listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Key Facts
- Lender or brokerWaterstone Mortgage Corporation
- NMLS #186434
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
- Biography reviewed byPaige Sutton, NMLS #1888684 ()
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Reported application outcomes and pricing, 2025
- 2025 home loan decisionsOf 7,485 applications decided by WATERSTONE MORTGAGE CORPORATION in 2025, 7,079 were originated, 56 were approved but not accepted by the borrower, and 350 were denied.
- Median rate spread0.417 (reported on 6,513 originations, 566 reported no spread at all -- a median of what was reported, not of everything originated)
That is an approval rate of 95.3%. Withdrawn, incomplete and purchased loans are not counted here and are not part of that rate.
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Evidence read 2026-10-10T20:58:22+00:00
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for WATERSTONE MORTGAGE CORPORATION — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
About Waterstone Mortgage Corporation
Overview
Waterstone Mortgage is a mortgage lender that works with homebuyers and homeowners. The company includes dedicated guidance for first-time homebuyers and provides mortgage information for borrowers considering purchase, refinance, equity, reverse mortgage, and construction financing options.
Mortgage options
Mortgage options include home purchase loans, refinance loans, cash-out refinancing, home equity loans, HELOCs, reverse mortgages for homeowners age 62 and older, and construction and permanent financing.
How it works
Borrowers can search for a loan originator and use mortgage calculators for amortization, refinancing, payment estimates, and prepayment savings. Waterstone Mortgage also offers a Loan Decision Tool for comparing loan programs and a Close On-Time Calendar for mortgage process milestones.
Locations
Waterstone Mortgage has 94 branches.
Company details and licensing
The legal entity is Waterstone Mortgage Corporation, a corporation formed in Wisconsin, United States, on July 21, 2000. Its headquarters are at 17950 West Corporate Drive, Suite 100, Brookfield, Wisconsin 53045. The company uses trade names that include Cadence Lending Group, Waterstone Direct, and Prime Equity Mortgage. Its NMLS company ID is 186434.
Licensing is verifiable through NMLS Consumer Access.
Verify NMLS #186434 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Frequently Asked Questions
What is Waterstone Mortgage Corporation's NMLS number?
Waterstone Mortgage Corporation's NMLS number is 186434. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Waterstone Mortgage Corporation's NMLS ID?
Yes. We checked Waterstone Mortgage Corporation's company name and NMLS ID against the NMLS record on August 12, 2026. They've been in our lender network since December 2011. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Waterstone Mortgage Corporation?
This page has Waterstone Mortgage Corporation's NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.