In 1998 Dr. Stephen Pollack co-founded Anchor Loans in a spare bedroom–to provide quick bridge financing to real estate investors in Southern California while providing high-yield trust deed investment opportunities to qualified investors.
Under Pollack’s leadership, first as President, and later as CEO, Anchor expanded operations into 48 states (and D.C.) being profitable every year, including the 2008-9 real estate downturn. Pollack preemptively scaled back Anchor’s lending before the downturn, returned capital to its investors, and remarkably did not downsize its staff. He also helped establish Anchor’s in-house construction department during the crisis, a strategy which both facilitated the profitable resolution of REOs and built Anchor’s capacity to provide borrowers with expert construction feedback and holdback oversight.
In 2010, intending to grow Anchor into a nationwide industry leader, Pollack spearheaded the allocation of resources to assemble a team of real estate and IT experts for the development of a custom technology platform based on artificial intelligence and neural network technology. Anchor’s proprietary fintech is now integral to all aspects of the Company’s business and sets Anchor apart from competitors in its ability to fund loans in as few as 3-5 business days.
Dr. Pollack’s goal to grow Anchor Loans into the nation’s #1 lender to fix-and-flip investors was realized in 2016 when Anchor became the first in the industry to fund over $1 billion in a calendar year. Anchor has remained an industry leader with over $1 billion funded every year since. Under Pollack’s leadership, Anchor Loans has funded over $8.5 billion in loans to real estate investors.
A member of the board of directors of the California Mortgage Association, and its past president, Dr. Pollack is a licensed real estate broker with over 30 years of experience and extensive knowledge of loan servicing procedures and information systems. Since retiring from his position as CEO of Anchor Loans in October, 2020, Dr. Pollack continues to serve on Anchor’s board of directors and remains a co-owner and investor in the Company. In his retirement, he plans to continue his philanthropic work with the charities he supports and spend more time with his family. Steve is a voracious reader with an unquenchable thirst for knowledge and he is a longtime student of martial arts, with a black belt in Tang Soo Do. In his spare time he is learning to speak, read and write in Japanese and he looks forward to traveling the world (as Covid permits) with his wife Lora.