Drew Waterfall MLO

Call Directions Website

Drew Waterfall MLO NMLS2179191
Equal Housing Opportunity
https://www.nmlsconsumeraccess.org/ NMLS # 75243
PRMG License and other state specific disclosures-

Choosing a Mortgage PROFESSIONAL is important to protect your time and ensure that you get your home

Drew Waterfall NMLS 2118103
Mortgage Broker
Xpert Home Lending Inc. Mortgage Loan Origination NMLS #2118103 at Paramount Residential Mortgage Group (PRMG) Inc.

10/19/2026

Should you refinance a low-rate mortgage to pay off high-interest debt? Maybe, but do not judge the strategy by the new monthly payment alone.

A cash-out refinance replaces the full first mortgage, adds closing costs, may extend repayment, and turns unsecured debt into debt secured by your home. The right comparison includes cash flow, total cost, future balances, equity, taxes, and the plan that keeps the debt from returning.

Compare the refinance with keeping the current mortgage and using a home-equity or targeted payoff strategy before changing the rate on your largest balance.

10/16/2026

Can a HELOC fund your next-home down payment? Learn how lenders evaluate the payment, equity, cash flow, documentation, timing, and your complete purchase plan.
Hashtags

10/12/2026

Should you pay off debt or save more for a down payment? Start with the actual constraint.

A targeted payoff can be powerful when it removes a large monthly obligation or improves the credit profile. A larger down payment may be better when cash to close, reserves, mortgage insurance, or a meaningful loan-to-value threshold is the issue.

Do not move money based on a rule of thumb. Compare both structures first, include closing costs, and protect enough cash for the first year of ownership.

10/09/2026

A successful business can show strong deposits and still report modest taxable income after legitimate deductions. That can create a mortgage qualification gap.

A bank-statement mortgage may use eligible personal or business deposits to calculate qualifying income. The lender removes transfers and other non-income items, accounts for business expenses, and then reviews the rest of the file.

This is not a no-income or no-document loan. Credit, debts, down payment, reserves, property, and ability to repay still matter.

If you are self-employed, compare the conventional and bank-statement calculations before shopping for a home.

Over the past 30 days, we have covered the full landscape of mortgage products available to today's buyers.Conventional....
08/28/2026

Over the past 30 days, we have covered the full landscape of mortgage products available to today's buyers.

Conventional. FHA. VA. USDA. Jumbo. Cash-out refinance. HELOC. Home equity loans. FHA Streamline. VA IRRRL. Non-QM. Bank statement. DSCR. Construction. Renovation. Bridge. Reverse. ARM. And more.

Product knowledge is important. But product knowledge alone does not make a great lending partner.

Here is what I bring to every partnership:

A wide product menu: I find the yes when others say no.

Weekly pre-qualification follow-up: I personally call every active pre-qual every week. Your buyers stay motivated and moving.

Weekly written status updates: Every referring agent receives a written update every week on every active file. You always know exactly where your client stands.

Free second opinions: No file is turned away without a second look.

True partnership: I treat your clients like my own. Their experience with me reflects on you, and I take that seriously.

This is not standard practice in mortgage lending. It is the standard I hold myself to because agents who trust me with their clients deserve a partner who actually shows up.

If you are a real estate agent who wants a loan officer who shows up, communicates, follows through, and helps you close more deals, I would love to earn your business. Let's schedule a call. Reach out today.

Drew Waterfall | NMLS #2118103 | Licensed in NM

Let me share a scenario that plays out more often than most people realize.A buyer comes to an agent, excited about a ho...
08/27/2026

Let me share a scenario that plays out more often than most people realize.

A buyer comes to an agent, excited about a home. They apply with the first lender they find. That lender says no. The buyer assumes they cannot buy a home. The agent loses the deal.

Here is what can happen differently.

That same buyer, with the same financial profile, applies through a lender who understands non-QM products, bank statement programs, and alternative income documentation. The income that did not qualify under conventional guidelines qualifies under a different program. The deal closes.

No lender has access to every program. But having access to more programs means being able to say yes more often.

My commitment to every referring agent: you will always know where your client's file stands. Weekly written updates, every week, on every active referral. No surprises at the closing table. No going dark.

When you combine proactive communication with a broad product menu, you create a partnership that actually closes deals rather than just taking applications.

Do not let one lender's decision be the last word for your client. I have options most lenders do not. Let's talk.

Drew Waterfall | NMLS #2118103 | Licensed in NM

This post is for real estate agents who have watched a deal fall apart.It happens to every great agent at some point. A ...
08/26/2026

This post is for real estate agents who have watched a deal fall apart.

It happens to every great agent at some point. A buyer gets denied by a lender, the contract falls through, and the deal is gone. It is one of the most frustrating moments in this business.

But here is something I want you to know: a lender's no is sometimes just not with me, not right now, and not with this program.

I work with a wide range of mortgage products: conventional, FHA, VA, USDA, jumbo, non-QM, bank statement, DSCR, renovation, construction, and more. When a buyer does not qualify under one set of guidelines, there are often other paths worth exploring.

I offer free, no-obligation second opinions on declined or struggling files. Send me the file. Tell me what happened. I will give you an honest assessment of whether I can help and what the path forward might look like.

And here is something else worth knowing: my weekly pre-qualification follow-up program means buyers in my pipeline never quietly give up. When the process gets hard, I am still calling. Still showing up. Still keeping deals alive.

Had a deal fall through recently? Send me the file. No obligation. I will give you a second opinion and tell you honestly whether I can help. Reach out today.

Drew Waterfall | NMLS #2118103 | Licensed in NM

This post is addressed directly to real estate agents.How many times have you had to track down a loan officer to find o...
08/25/2026

This post is addressed directly to real estate agents.

How many times have you had to track down a loan officer to find out what is happening with your client's file? How many times have you sent a text, made a call, or followed up just to get a basic update that should have come to you automatically?

I built a different kind of process.

Every referring agent who sends me a buyer receives a written status update every single week. Every week. On every active file. Without being asked.

That update covers where the file stands, what has been completed, what is still outstanding, and the projected timeline to closing.

You never have to wonder. You never have to chase me. You can confidently answer your client's questions because you already know exactly what is happening.

Most loan officers go quiet after taking an application. They surface again when there is a problem or when it is time to close. That reactive approach burns trust and costs agents deals.

Transparency is not a courtesy. It is the foundation of a real partnership.

Tired of being left in the dark on your deals? Tired of having to track down your loan officer for updates? Let's talk about what it looks like to work together. Reach out today.

Drew Waterfall | NMLS #2118103 | Licensed in NM

If you are getting ready to buy a home, there are two terms you will hear almost immediately: pre-qualification and pre-...
08/21/2026

If you are getting ready to buy a home, there are two terms you will hear almost immediately: pre-qualification and pre-approval. They are not the same thing, and the difference matters more than most buyers realize.

Pre-qualification is a quick estimate of what you might be able to borrow based on self-reported financial information. No credit pull is required and no documents are verified. It gives you a rough starting point but carries little weight with sellers.

Pre-approval goes significantly deeper. A lender pulls your credit, reviews your income documents, verifies your employment history, and evaluates your assets and liabilities. The result is a conditional commitment to lend up to a specific amount, subject to an acceptable property and final underwriting review.

Documents typically needed for pre-approval include W-2s, recent tax returns, recent pay stubs, bank statements, and a photo ID.

In a competitive market, pre-approval is essential. Many sellers will not entertain an offer without one. Some give preference to buyers with a fully underwritten pre-approval over a basic pre-approval letter.

The pre-qualification process is free, fast, and the smartest first step any buyer can take before they start shopping for a home.

Ready to explore your options? Reach out today for a free, no-obligation pre-qualification.

Drew Waterfall | NMLS #2118103 | Licensed in NM

Your credit score is one of the most important numbers in the mortgage process. Here is what lenders actually look at, a...
08/20/2026

Your credit score is one of the most important numbers in the mortgage process. Here is what lenders actually look at, and what you can do to put yourself in the best position.

Mortgage lenders use FICO scores. The score tier you fall into directly affects the interest rate you are offered. Scores of 760 and above receive the most favorable terms. As scores decrease through the 700s, 600s, and below, rate pricing typically becomes less favorable and some programs become unavailable.

Your FICO score is calculated from five factors: payment history (35%), amounts owed or credit utilization (30%), length of credit history (15%), credit mix (10%), and new credit inquiries (10%).

Rapid Rescore is a program available through mortgage lenders that can update your credit report with corrections or new information in days rather than months. If you have recent payoffs or errors on your file, a rapid rescore may meaningfully improve your score before closing.

Common mistakes to avoid during the mortgage process: opening new credit accounts, making large purchases, co-signing a loan, or making any changes to your employment status.

The most important step: always have your credit reviewed by a mortgage professional first, before shopping for a home or opening any new accounts.

Ready to explore your options? Reach out today for a free, no-obligation pre-qualification.

Drew Waterfall | NMLS #2118103 | Licensed in NM

Address

6300 Riverside Plaza Lane #100
Albuquerque, NM
87120

Telephone

+15059170248

Website

, ,

Alerts

Be the first to know and let us send you an email when Drew Waterfall MLO posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category