Long journey from subprime beginnings – John Gabaldon of Waterstone Mortgage in Albuquerque started in 2004 at Wells Fargo’s sub-prime lending unit. He stumbled into the job just after college to support his young family and quickly discovered that calculating paystubs and calling borrowers felt easy compared with the manual-labor job he held at a brewery. That perspective made him fearless in the mortgage business, and his career has been a success ever since.