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March 2024 » thefivestar.com 35 March 2024 I N D U S T R Y U P D A T E ANCHOR LOANS LAUNCHES TPO CHANNEL A nchor Loans, a private direct lender to U.S. residential real estate investors, has announced the launch of its new Third-Party Origi- nator (TPO) Channel. The new channel serves mortgage brokers, banks, private and non-QM lenders, and other referral partners whose clients are America's home builders, developers, and investors. Anchor Loans' TPO Channel provides the clients of loan brokers and originators with a comprehensive suite of residential business purpose loan products, including bridge, fix and flip, ground-up construction, and rental investor loans with debt service coverage ratio (DSCR). "When I joined Anchor Loans in 2023, channel expansion was one of my major goals for accelerating our growth," said Rayman Mathoda, CEO of Anchor Loans. "The launch of Anchor Loans' new TPO Channel marks an exciting step forward for our company and fur- ther supports our ability to expand our national footprint with improved and enhanced financing offerings. 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 oppor- tunities for America's buyers and renters by providing investors with the capital necessary to refurbish our nation's aging homes, and build new ones." TPO lending veteran Tim Landwehr joined Anchor Loans last year, and as Co-Chief Revenue Officer, he has led the design and launch of the new TPO channel. "Our new TPO program is designed to support and protect the strong relation- ships 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." With more than 25 years in business, operations spanning 48 states, and more than 33,000 loans funded, Anchor Loans has established itself as a partner for flip- pers, builders, and real estate investors nationwide. ARMED FORCES BANK PARTNERS WITH VECTOR ON NEW LENDER PROGRAM A rmed Forces Bank, a full-service military bank committed to serving those who serve since 1907, and Vector have teamed up to help make the home buying process easier for Vector employees. Anyone who works for the Vector family of businesses and buys a home through the new "Operation Homeward" program will enjoy benefits that include: » A full line of mortgage programs and products to accommodate a range of financial circumstances » A closing cost discount » Competitive mortgage rates and terms » A team of experienced professionals who provide borrowers with mortgage financial consulting, as well as Veteran Affairs (VA) expertise » Access to Armed Forces Bank's loan programs such as VA, Conventional, FHA, USDA, and Non-QM As a Service-Disabled Veter- an-Owned Small Business, Vector un- derstands the unique challenges, as well as the opportunities, that veterans have when purchasing a home. "Vector is fully committed to empowering our employees' dreams beyond the workplace by exploring partnerships that benefit and empower them," said John Hotek, VP of Strategy and Workforce Solutions at Vector. "Our partnership with Armed Forces Bank provides our employees with a trusted, vetted, veteran-centric mortgage lender that understands and has been recog- nized for their service to homebuyers, especially veterans and first-time home buyers. Launching Operation Homeward is a testament to our commitment of providing tangible support and fostering lasting stability in the lives of our valued team members." Since 2013, Armed Forces Bank has helped nearly 28,000 homeowners close over $9.2 billion in loans and more than 12,000 homeowners close over $4.7 bil- lion in VA loans. "The partnership between Armed Forces Bank and the Vector family of businesses makes complete sense as the synergy between these two compa- nies—whose primary goals are to help veterans—is engrained in the culture and white-glove service approach we take with all veterans," said Nick Alphs, President of Mortgage Lending at Armed Forces Bank. "I'm excited to get this kicked off as I envision all the veterans we'll help working with the high-quality individuals at Vector." Jake Scarbo, Armed Forces Bank Se- nior Mortgage Banker, designed and will lead the Operation Homeward program. He said it is "the result of two like-mind- ed companies with similar principles and core values finding more ways to serve those individuals who have served our country." "We're excited to partner with Vector and their outstanding leadership team to provide all their employees—veterans and non-veterans alike—with a superior mortgage experience through fast, easy, and personal service," Scarbo added.