Waterstone Mortgage Promotes Rico Garcia to Vice President

Wisconsin-based mortgage lender waterstone mortgage corporation promoted Rico Garcia to Vice President of Enterprise Risk from Director of Quality Assurance, Portfolio Risk Management and Vendor Management.

In his new role, Garcia will oversee the company’s quality assurance, title services, portfolio risk management and compliance teams. Additionally, he will work with other teams to lead cross-training and improve communication with internal and external customers.

“Among other things, Rico’s dedication, experience and enthusiasm for new challenges have earned him this promotion,” Stephanie Ziebell, senior vice president of Waterstone Mortgage’s general counsel, said in a prepared statement. “Rico is a collaborative team player, he is highly respected and has proven successful in developing meaningful relationships, both internally and with external partners.”

Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage. He United the company as a quality assurance manager in July 2017. Prior to this, he worked in various roles, including loan originator, processor, and underwriter. He was a quality control manager at Opus Capital Markets Consultants, LLC and CEO at Armitage Research LLC.

“One of my favorite aspects of this role is having the ability to learn new facets of our industry while working toward a common goal with my team members and colleagues,” Garcia said in the statement.

In November of last year, Waterstone Mortgage fixed Chik Quintans its new director of digital marketing and in June, called Paul Garrigues as its new CFO.

Waterstone Mortgage focuses on purchase loans and currently makes loans in 48 states. It is a wholly owned subsidiary of waterstone ssb bank, which is a wholly owned subsidiary of Waterstone Financial, Inc.

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