California-based

fix-and-flip
lender


Anchor
Loans
launched
a

third-party
originator
(TPO)
channel
to
serve
mortgage
brokers,
banks,
private
and
non-qualified
mortgage
(non-QM)
lenders
and
other
referral
partners
whose
clients
are
home
builders,
developers
and
investors. 

Anchor
Loans’
TPO
channel
will
provide
residential
business
purpose
loan
products
–
including

bridge,
fix
and
flip,
ground-up
construction
and
rental
investor
loans
with
debt
service
coverage
ratio
(DSCR),
the
firm
said
in
a
release.

Tim
Landwehr,
co-chief
revenue
officer,
led
the
launch
of
the
TPO
channel.

“We
are
at
a
moment
in
time
when
regional
banks
and
private
lenders
are
pulling
back
on
financing
options
while
the
American
housing
market
is
in
desperate
need
of
millions
more
move-in
ready
homes
than
exist
today,”
Rayman
Mathoda,
CEO
of
Anchor
Loans,
said
in
a
statement.

“Our
team
remains
deeply
committed
to
expanding
housing
opportunities
for
America’s
buyers
and
renters
by
providing
investors
with
the
capital
necessary
to
refurbish
our
nation’s
aging
homes,
and
build
new
ones,”
Mathoda
added.

Since
its
inception
in
1998,
Anchor
Loans
operates
in
48
states
and
has
more
than
33,000
loans
funded,
according
to
the
firm.
To
date,
it
has
originated
more
than
$14
billion
in
loans
to
real
estate
entrepreneurs.

Anchor
Loans
was

acquired
by
investment
firm

Pretium
in
November
2021. 

The
deal
was
expected
to
improve
Pretium’s
private
capital
solutions
to
the
U.S.
housing
market
during
a
shortage
of
housing
supply
and
an
insufficient
stock
of
move-in
ready
homes,
Don
Mullen,
CEO
and
founder
of
Pretium,
said
in
November.

Leadership
of
Anchor
Loans
remained
their
position
following
the
acquisition.

Related