Watermark Capital, Inc NMLS #1838
At a glance
- HeadquartersIrvine, CA
- Size696 home loans closed in 2025
- Loan typesConventional and VA
- Licensed in42 states
- Formed in2006
2025 figures are for WATERMARK CAPITAL, INC.'s filing.
What it closes
Share of its 2025 home loans: 92% Conventional, 5% VA and 3% Other types.
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Who is Watermark Capital, Inc?
Watermark Capital, Inc (NMLS #1838) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Is Watermark Capital, Inc legit?
Here's what public licensing records show. Watermark Capital, Inc holds mortgage licenses in 42 states, including Arizona, Arkansas, California, Colorado, Connecticut (NMLS ID #1838, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
Key Facts
- Lender or brokerWatermark Capital, Inc
- NMLS #1838
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
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About Watermark Capital, Inc
Overview
Watermark Capital, Inc. is a mortgage lender headquartered in Irvine, California. The company’s 2025 HMDA-reported lending included conventional and government-backed mortgages, and its registered branch presence spans seven states.
Mortgage options
In 2025, Watermark Capital, Inc. made conventional, FHA and VA loans. Its loans that year were for home purchases, refinances, cash-out refinances and home improvement.
Locations
Watermark Capital, Inc. has 12 branches in Arizona, California, Hawaii, Maryland, Missouri, Nevada and Texas.
Company details and licensing
Watermark Capital, Inc. is a California corporation formed on January 20, 2006. It also uses NMLS trade names including Presto Wholesale, Watermark Home Loans and Watermark Mortgage Partners. NMLS company ID is 1838.
Watermark Capital, Inc. is licensed in Alabama, Arkansas, Arizona, California, Colorado, Connecticut, the District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia and Wyoming.
Verify NMLS #1838 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.
Formation date and trade names come from NMLS registry records. FreeRateUpdate is not affiliated with NMLS, and NMLS has not reviewed, endorsed, or approved FreeRateUpdate or this page.
Additional information
Reported application outcomes and pricing, 2025
- Filed asWATERMARK CAPITAL, INC.
- 2025 home loan decisionsOf 849 applications decided by WATERMARK CAPITAL, INC. in 2025, 696 were originated, 115 were approved but not accepted by the borrower, and 38 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 95.5%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 59 applications were withdrawn by the borrower, 0 were closed for incompleteness, and 0 loans were purchased from another lender. HMDA counts these as outcomes in their own right — withdrawn before a decision, closed with no decision reached, and a purchased loan is one bought from another lender — and none of them is a lending decision.
- Median rate spread0.027 percentage points above the average prime offer rate (reported on 558 originations, 138 reported no spread at all — a median of what was reported, not of everything originated)
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Reported closing costs, 2025
- Median total loan costs$5,121.70 — originated closed-end household loans, 2025, 645 of 649 loans. FFIEC HMDA data browser.
- Median origination charges$1,499.00 — originated closed-end household loans, 2025, 649 loans. FFIEC HMDA data browser.
- About these figuresThese are historical closing costs reported in the 2025 filing, not a quote for your loan.
Reported product mix, 2025
- Loan types639 Conventional, 23 FHA, 34 VA — of 696 reported originations, 2025. FFIEC HMDA data browser.
Evidence read October 20, 2026
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for WATERMARK CAPITAL, INC. — 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.
Frequently Asked Questions
Is Watermark Capital, Inc legit?
Here's what public licensing records show. Watermark Capital, Inc holds mortgage licenses in 42 states, including Arizona, Arkansas, California, Colorado, Connecticut (NMLS ID #1838, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
What is Watermark Capital, Inc's NMLS number?
Watermark Capital, Inc's NMLS number is 1838. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Watermark Capital, Inc's NMLS ID?
Yes. We checked Watermark Capital, Inc's company name and NMLS ID against the NMLS record on October 10, 2026. They've been in our lender network since November 2015. 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 Watermark Capital, Inc?
This page has Watermark Capital, Inc'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.