CALABASAS, Calif., April 1, 2020 /PRNewswire/ -- Anchor Loans,
the nation's leading provider of financing to fix-and-flip
entrepreneurs, has announced the hire of Andy Pollock as the Chief Operating Officer.
Andy is an industry recognized executive, known for building and
leading robust, operationally sound and financially strong
organizations that have consistently outpaced and outperformed the
competition. Possessing a long track-record of success in business
development, mortgage operations, and product development, Andy has
consistently delivered results in varying economic
conditions. Mr. Pollock brings over 25 years of successful
mortgage banking and lending experience to Anchor's platform.
Most recently, Andy served as Senior Relationship Manager with
the Radian Group (NYSE: RDN), a global provider of mortgage
insurance and mortgage real estate risk management solutions.
In this high-profile executive position, Andy led a deep engagement
of a nationwide client base of investment banks, REITs, national
banks, financial institutions and government sponsored
entities.
Prior to Radian, Andy was President and CEO of First Franklin, a
subsidiary of Merrill Lynch. Under Andy's leadership the company
became one of the largest and most profitable nonprime mortgage
banking firms in the nation. In addition, Mr. Pollock has an
extensive background and experience within the broader financial
services industry that includes a Managing Partner role at Global
Logic Advisors, serving as Co-CEO at Rushmore Loan Management and
before that, serving as the President and CAO of First California
Mortgage Company.
"The National Fix-and-Flip Finance market is underserved and
Anchor Loans fills the extensive gaps in today's financing
environment," Pollock said.
"The industry has an extensive demand for commonsense lending
products and programs for business purpose residential Developers,
Contractors and Investors. I am ecstatic to become a part of
Anchor Loans."
"We are excited to have Andy join the Anchor Loans team
and lead our operational excellence, client care and commitment to
quality," said Anchor's President & CEO, Steve Pollack of bringing Andy on as Chief
Operating Officer.
About Anchor Loans
Anchor Loans is the nation's number one private lender to
fix-and-flip entrepreneurs, with life-to-date fundings surpassing
$8 billion since 1998. With advanced,
intuitive fintech, Anchor provides fast, reliable funding and an
exceptional customer experience—forging long-term client
relationships and helping customers achieve and exceed their
business goals. More than 85% of Anchor's borrowers are repeat
customers, and over 70% of the Company's new borrowers were
referred by an existing customer. Ranked for the past two years on
the Inc. 5000 list of the fastest-growing privately held small
companies in the U.S., Anchor is the first fix-and-flip lender to
fund more than $1
billion in loans in a single year and has remained an
industry leader, consistently funding over $1 billion in fix-and-flip loans every year since
2016. https://www.anchorloans.com
CONTACT: Luis
Sanchez
press@anchorloans.com
310-395-0010
View original
content:http://www.prnewswire.com/news-releases/anchor-loans-hires-senior-mortgage-banking-executive-andy-pollock-as-chief-operating-officer-301033540.html
SOURCE Anchor Loans