Homebuilders, developers and investors can now access a newly formed comprehensive suite of loan products through private direct lender Anchor Loans.
The California-based company announced the launch of a new Third Party Originator (TPO) channel that will serve brokers, banks, private and non-QM lenders, and other referral partners who work directly with these parties.
Accelerating the company's growth by expanding channels embodies the vision of Anchor Loans' new CEO, Rayman Masouda, who took over last year.
“The launch of Anchor Loan's new TPO channel marks a major step forward for our company and further supports our ability to expand our national footprint with improved and enhanced lending services,” said Masouda. “With regional banks and private lenders currently scaling back lending options, the U.S. housing market is in dire need of millions more move-in ready homes than they currently have. Our team remains committed to expanding housing opportunities for American buyers and renters by providing investors with the financing they need to renovate and build new homes for America's dilapidated homes.”
According to company officials, the lending products available through the new channel include bridge loans, repair and resale loans, ground-up construction and investor-rent loans with debt service coverage ratios (DSCRs).
Tim Landwehr, co-chief revenue officer at Anchor Loans, led the design and launch of the program.
“Our new TPO program is designed to support and protect the strong relationships that exist between loan originators and their customers,” said Landwehr. “At Anchor Loan, we obsess about delivering exceptional customer value, and our TPO channel is an extension of that ideal. We look forward to working with TPO and helping build long-term partnerships with them and their customers.”