Waterstone Mortgage names Andy Peach president and CEO

Waterstone Mortgage hired Andy Peach as its new president and CEO, replacing A.W. Pickel III, who was terminated by the company in March.

Peach will be responsible for all aspects of the company's business and corporate functions. He will also work with the executive management team to chart the course for future success and growth.

Waterstone Mortgage is a subsidiary of WaterStone Bank SSB, which in turn is a unit of Waterstone Financial.

"We are pleased to announce the addition of Andy Peach to the Waterstone Mortgage executive team," said WaterStone Bank President and CEO Doug Gordon in a press release. "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."

Pickel was at Waterstone Mortgage for less than a year, joining the company in June 2018 as president and becoming CEO after the departure of Eric Egenhoefer that July.

Most recently, Peach was the managing director and chief production officer for Pacific Union Financial, where he was responsible for managing the company's retail, consumer direct, correspondent and wholesale production channels. Before Pacific Union, Peach worked for Bank of America, JPMorgan Chase and Aurora Loan Services in a variety of regional and national leadership roles.

"Waterstone Mortgage has a talented team of local mortgage experts who work with everyone in our company to provide an excellent experience for our customers," said Peach.

"When combined with our family-like culture, broad product offerings and cutting-edge technology systems for our customers, we offer an unparalleled value to homebuyers in every market we serve. I am excited to work alongside the people of Waterstone Mortgage as we leverage our strengths to take the company to the next level and beyond."