Home builders, developers and investors now have access to a newly-formed, comprehensive suite of loan products through private direct lender Anchor Loans.
The California-based company just announced the launch of its new Third-Party Originator (TPO) channel, serving brokers, banks, private and Non-QM lenders and other referral partners that work directly with these parties.
Accelerating company growth with channel expansion represents the vision of Anchor Loans’ new CEO Rayman Mathoda, who came on board last year.
“The launch of Anchor Loans’ new TPO Channel marks an exciting step forward for our company and further supports our ability to expand our national footprint with improved and enhanced financing offerings,” Mathoda said. “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. 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.”
Loan products available in the new channel include bridge, fix and flip, ground-up construction, and rental investor loans with debt service coverage ratio (DSCR), company officials said.
Anchor Loans Co-Chief Revenue Officer Tim Landwehr led the program’s design and launch.
“Our new TPO program is designed to support and protect the strong relationships that exist between loan originators and their clients,” Landwehr said. “At Anchor Loans we are obsessed with delivering exceptional customer value, and our TPO Channel is an expansion of that ideal. We look forward to working with TPOs to help build long-term partnerships between them and their clients.”
