Anchor Loans launched a new Third-Party Originator channel that serves mortgage brokers, banks, private and non-QM lenders.
It provides residential business purpose loan products, including bridge, fix and flip, ground-up construction, and rental investor loans with debt service coverage ratio.
“Our new TPO program is designed to support and protect the strong relationships that exist between loan originators and their clients,” said Tim Landwehr, Co-Chief Revenue Officer at Anchor. He lead the design and launch of the new channel.
Home flipping remains at historic highs despite falling some in the last half of 2023. Investor profits are rebounding after a long run of declines, with raw profits increasing in Q3 last year.
“The comeback for the home-flipping industry is looking…
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…
Anchor Loans has hired Brad Chmura as Chief Revenue Officer, the company announced in a press release. Chmura will be responsible for revenue growth, company sales, loan fulfillment, and customer service, as well as boosting Anchor’s brand. The company specializes in large loans for experienced real estate investors. He has more than two decades of experience in business-to-business sales and operational leadership. Prior to joining Anchor, Chmura served as CEO at CoreVest Finance, a national lender for real estate investors. He has also served as Vice President of Sales at First American Mortgage Solutions and Director of Global Mortgage Sales for CoreLogic. “Brad is a highly accomplished, recognized leader in sales and operations, with a proven track record of driving…
Good Morning! Today is Thursday, February 10. Chuck Schumer and Nancy Pelosi suggested that they were open to banning members of Congress from trading stocks. Officials have delayed the medal ceremony for team figure skating amid reports that a Russian skater failed a drug test. A former casino executive was sentenced to a year and a day in prison for a bribery scheme to get his daughter into U.S.C. The Mortgage Note Reports Impact Of Labor Numbers On Housing Market Remains Unclear: Despite an uptick in job numbers and an increase in personal incomes, there is still uncertainty about how the latest Labor Statistics Report will impact the housing market. Second Home Demand: Second home demand outpaced primary residence demand…
Anchor Loans has unveiled its new face, a new corporate identity and website, as part of growth and expansion plans for 2022, the company announced. “As we look to continue our aggressive growth trajectory and expand our offerings, we want our branding to reflect our leadership in the market,” said Andy Pollock, chief executive officer of Anchor Loans. “Our new logo and website are designed to more accurately represent the characteristics our clients associate with Anchor Loans: modern, streamlined, efficient, and customer-focused.” The rebranding comes on the heels of the company’s acquisition by the investment management firm Pretium Partners in November 2021. Pretium is the second-largest single-family landlord in the US. It made headlines last year when Zillow sold it…
