Biography: A. W. Pickel, III served as the president of the Midwestern Division of AmCap Mortgage from 2016 until 2018 when he joined Waterstone Mortgage as their president. At Waterstone Mortgage, his duties led the company through a national rollout that opened branches in several new states. Pickel began his career as a mortgage broker by founding LeaderOne Financial Corporation in 1992. LeaderOne Financial Corporation originated mortgages in the Kansas City area, eventually reaching $1.7 billion annual origination volume. In addition, Pickel served as president of the National Association of Mortgage Brokers from 2003 until 2004. He also works on the Freddie Mac IMB Advisory Board and the Mortgage Brokers Association Residential Board of Governors. A. W. Pickel received a Bachelor of Science in Accounting from the University of Illinois in 1977.
This article discusses the resurgence of adjustable-rate mortgages after they earned a bad reputation following the financial crisis of 2008. A. W. Pickel weighs on the advantages and disadvantages of ARMs in addition to the kind of borrowers that mortgage brokers target for ARMs.
This article announces that A. W. Pickel joined Waterstone Mortgage in June of 2018 to allow Eric Egenhoefer to focus on the chief executive position. It also gives a brief overview of Pickel’s prior positions, such as president of the National Association of Mortgage Brokers and president of AmCap’s Mortgage’s Midwest Division.
This article also announces A. W. Pickel’s position as president of Waterstone Mortgage in 2018. In addition, the article provides an overview of his career while also noting that Pickel would manage day-to-day operations and administrative duties. Pickel is quotedsaying he is excited to join the “sustainable and forward-thinking culture” at Waterstone Mortgage.
In this article, the author describes Adams’ speech at a housing conference in Lincoln, Nebraska, in which she attributed the subprime mortgage crisis to the increasing use of interest-only loans and adjustable rate mortgages which were previously reserved for borrowers with immaculate credit.