Waterstone Mortgage Promotes David Sparks to Director, Affordable Housing and Loan Servicing

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David Sparks has been promoted to director, affordable housing and loan servicing, at Waterstone Mortgage.

Sparks has more than 25 years of experience in the lending industry and holds his Certified Mortgage Banker (CMB), Accredited Mortgage Professional (AMP), and Certified Residential Underwriter (CRU) designations from Mortgage Bankers Association (MBA). 

In 2018, Sparks joined Waterstone Mortgage as the bond manager and began working alongside state housing finance authorities to bring affordable housing opportunities to Waterstone Mortgage customers nationwide. 

In his new role, Sparks will explore trends within affordable housing and underserved communities. He will identify, manage, and grow strategic relationships with key bond authorities and affordable housing assistance providers to offer new, viable programs and to enhance existing programs for Waterstone Mortgage customers. 

As the director of affordable housing and loan servicing, Sparks will also continue to monitor existing bond and down payment assistance (DPA) programs and will oversee the interim servicing of loans that are sold to private investors. In addition, he will collaborate with Waterstone Mortgage’s service provider, aiming to deliver an exceptional customer service experience for homebuyers via the servicing platform. 

“David is an extremely valuable member of the company,” says Jennifer George, vice president, investor relations and credit policy, for Waterstone Mortgage, in a release. “His passion for affordable housing drives him to dig deep and find the hidden gems out there that aren’t apparent on the surface but add extreme value for our sales force and their customers. In combination with this passion, his industry knowledge is an incredible asset for our servicing platform. He will continue to seek stronger collaboration with our servicing provider.” 

For Sparks, the experience of working alongside others as they achieve their goals is the most rewarding part of his professional role and personal life. 

“I enjoy helping people. In my time away from work, on a regular basis, I schedule opportunities to do so,” Sparks says. “It is also a privilege to fulfill that mission in a different way secularly. What I do helps make the dream of homeownership a reality. This is true from both the availability of a vibrant, affordable housing product mix and ensuring a high service level experience on the loan servicing side. Every day, the work that I do has purpose.”

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