Jim Fraser has joined Anchor Loans as Chief Operating Officer, the company announced in a press release.
Fraser brings three decades of experience to the position. He most recently served as SVP for Commercial Real Estate Lending Solutions at Built Technologies.
“Having known Jim for almost 20 years at multiple phases of his career, I’m confident that he will be an excellent addition to our leadership team, helping advance our customer and people-focused culture so we can deliver an exceptional customer and employee experience – the best path to market leadership,” said Rayman Mathoda, Anchor Loans’ CEO.
He has held senior positions at various lenders, including EVP of Commercial Lending at Axos Bank and SVP at Banc of California. He also oversaw IndyMac’s residential construction lending division for more than a decade.
As COO, Fraser will oversee customer experience as well as the day-to-day operations of the company. He will also spearhead the expansion of Anchor’s homebuilder and build-to-rent finance programs.
“Anchor Loans is in a unique position to help residential developers navigate the intersection between the long-term need for housing and current credit market disruptions,” Fraser said. “I’m looking forward to working with Ray and the seasoned team at Anchor to develop new functions, processes, and technology to accelerate production growth and build customer-centric operations.”
Anchor Loans has experienced significant growth over the last several years, completing 2022 with a record $2 billion in originations. As part of its growth and expansion plans, Anchor has recently expanded both its senior leadership team and its national sales organization. To data, the company has originated more than $13 billion in funding.