Anchor Loans Surpasses $1 Billion in Loan Origination Volume for 2016

 

As the nation’s largest direct private money lender to the “fix-and-flip” industry, we are pleased to announce that Anchor Loans has become the first lender in our niche to surpass $1 billion in loan origination volume in a single calendar year.  And there is still December yet to go! The one billion dollar threshold is more than just a milestone for our organization, as far as we know it is a first for our industry.

 

Given the extremely fragmented nature of lenders to the fix-and-flip market, where substantial numbers of small local firms fund between $5 million and $50 million per year, our attainment of over $850 million in assets under management and $1 billion in loan origination volume in 2016 is a significant achievement for our industry.

 

Since 1998, we’ve shown exceptional performance and 2016 is no different. Over the last 18 years we have originated more than 13,800 short-term loans totaling over $4 billion. Our experience, relationships and proprietary Fintech platform set us apart from other lenders in our ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-10 business days. To see the full press release, click here.

 

About Anchor Loans

 

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.

 

 

Anchor Loans – Meet Our CEO

In August we announced Stephen Pollack as our new Chief Executive Officer.  In his short time as our CEO, Steve has already overseen an expansion in our capacity to offer loans in more U.S. states (now over 20), helped us become the first fix-and-flip lender to originate over $1 billion in loans in a single year, and put Anchor Loans in a position to soon surpass $4 billion in total loan originations since our inception.

 

Our Chairman and former CEO, Jeff Lipton put it this way, “Steve is a pioneer and visionary in the fix and flip space and his understanding of the private mortgage industry is unsurpassed.  His leadership in building the team that has expanded our operations nationwide, and has grown our loan originations to over $100 million per month, which makes him a phenomenal fit for the CEO role.”

Stephen Pollack, CEO

 

Prior to becoming CEO, Steve was our President and helped grow Anchor Loans from an entrepreneurial start up in 1998 to the number one private mortgage lender in the nation.

 

With over 30 years of experience in real estate, his extensive knowledge of loan servicing procedures and information systems has been integral to the development of our proprietary workflow software—which sets us apart from other lenders in our ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-10 business days.

 

About Anchor Loans

 

With over 18 years of experience and $4 billion in total loans originations, Anchor Loans is the nation’s largest fix-and-flip lender.  In 2016 alone we originated over $1.1 billion in loans to the fix-and-flip market.  Interested in applying for a loan or getting a quick quote?  Just click here.