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Goldwater Bank, N.A. Selects Alight Mortgage Lending™

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Privately-held community bank and mortgage lender chooses Alight to help manage growing operations.

Alight Inc., a leading provider of cloud-based applications for real-time, dynamic scenario comparison and analysis, today announced that Goldwater Bank has selected Alight Mortgage Lending™ for continuous reforecasting.

Alight Mortgage Lending is the only enterprise-class financial optimization solution that lets mortgage bank management teams run multiple what-if scenarios and see the impact of decisions ripple across the enterprise through to financial statements, before decisions are made. Built by mortgage industry experts, Alight Mortgage Lending addresses the unique complexities of mortgage banks operating under constantly changing market conditions, delivering firm management up-to-the-minute intelligence and insight into future operational and financial needs.

“Alight’s scenario analysis will help us better understand interest rate risk across the entire organization, more easily evaluate margin/volume profitability and quickly optimize overhead and other resources in changing markets,” said Michael Ragsdale, Executive VP and Chief Risk Officer of Goldwater Bank. “With Alight we can proactively address the seasonality and volatility of the business and run the interest rate shock forecasting needed to satisfy regulatory requirements and achieve our strategic objectives.”

Cloud-based and accessible from any device at any time, Alight provides mortgage bank firm owners, CEOs, CFOs and other key team members—including individual branch managers—permission-based access to the information they need, when they need it. Alight delivers different dashboard views for each user and customizes each view to include the information most important to them, facilitating integration across the entire enterprise.

“Goldwater Bank management is keenly focused on maintaining top-notch customer service as they expand and grow operations,” said Jared Huff, Group Head of Alight Financial Services. “Alight will help streamline branch reporting, facilitate efficient stress testing of potential branch acquisitions and afford management across all parts of the business the real-time information they need for decision making.”

About Alight, Inc.

Alight is the leading provider of industry-specific, cloud-based applications that give customers the power to see the financial impact of every decision, before they make it. Alight works with firms in mining, mortgage banking and other industries. For more information: alightinc.com.

About Goldwater Bank, N.A.

Privately-owned Goldwater Bank, headquartered in Phoenix, Arizona, was chartered in 2007. Goldwater is a full-service community bank and residential mortgage lender serving the banking needs of individuals and businesses in Arizona and a mortgage customer base across the contiguous United States. For more information: goldwaterbank.com.

In 2015, the owner and President of Weststar Mortgage Corporation, Kent Wiechert, acquired Goldwater Bank. Privately-owned Weststar Mortgage Corporation was established in 1983 in Albuquerque, New Mexico. Initially, the firm developed specialized software to deliver best-of-breed loan servicing solutions to clients offering seller financing as an alternative to traditional real estate financing but grew to include a successful retail mortgage origination channel in the early 90s. For more information: westloan.com.

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