Waterstone Mortgage taps industry vet as president and CEO

by Candyd Mendoza30 Aug 2019

Waterstone Mortgage has announced that Andy Peach has joined the company as the new president and chief executive officer.

In his new role, Peach will oversee all aspects of Waterstone’s business and corporate functions. He will also work with the executive team to further the firm’s growth.

Peach has over three decades of experience in the mortgage lending industry. He has held leadership roles in retail, consumer direct, correspondent, and wholesale production channels.

“Andy is an accomplished leader with extensive experience in the mortgage lending industry. His work ethic and vision also align perfectly with Waterstone Mortgage’s overall mission and goals, making him an ideal fit for the organization,” said Doug Gordon, president and chief executive officer of Waterstone Bank.

Before joining Waterstone Mortgage, Peach was managing director and chief production officer at Pacific Union Financial (now owned by Mr. Cooper). Prior to that, Peach worked for various financial-services companies including Bank of America, JPMorgan Chase, and Lehman Brothers.

“I am honored and excited to join Waterstone Mortgage, which has an excellent reputation in the industry,” Peach said. “The company’s independent mortgage banker mindset, success in the purchase origination market, innovative mortgage technology solutions, and history of excellent customer service all combine together to create a great platform for future growth.”