Anchor Funding Inc

What Anchor Funding Inc does

Anchor Funding, Inc. is a privately held mortgage brokerage and mini-correspondent lender founded in 2000 by Kevin Lyons and headquartered in San Diego, California. The company operates as an intermediary that places and funds residential mortgage loans through a panel of more than 75 wholesale lenders, and is licensed in eight U.S. states (California, Arizona, New Mexico, Colorado, Alabama, Florida, Georgia, and Texas) under NMLS #236419 and associated state real estate and lending licenses. Anchor funds purchase loans, rate-and-term and cash-out refinances, government-backed VA and FHA products, reverse mortgages for homeowners 62+, home equity lines of credit, fixed-rate second mortgages, and self-employed / non-QM loans. The company publicly reports more than $10 billion in cumulative funded loan volume and 20,000+ closed loans over its 25-year operating history.

The firm's primary operating technology is the ARRIVE platform, an integrated Loan Origination System (LOS), Point of Sale (POS), and Products and Pricing Engine (PPE) with a connected lender marketplace. ARRIVE is described as an industry-first integrated stack for independent mortgage brokers and non-delegated correspondents, supporting electronic 1003 applications, secure document upload, automated underwriting execution via Desktop Underwriter and Loan Prospector, loan pricing, and rate locking. Anchor uses ARRIVE to enable both loan officer-driven origination and a self-service consumer flow through its online rate quote tool.

The business model is transaction-based. Each closed loan generates a $595 flat fee retained by Anchor and $795 in-house processing fees (charged to the borrower on the Loan Estimate where applicable), with the residual commission flowing through to the originating loan officer. Loan officers are engaged as either 1099 contractors receiving 100% of commission minus the $595 flat fee or as W2 employees receiving 90% of commission after the $595 flat fee, and they additionally earn a $150 residual per funded loan for officers they recruit. Anchor's go-to-market is direct-to-consumer through radio advertising (KOGO AM, 760 KFMB, 101 KGB, 107 BIG FM, AM 600), organic search, social media, and self-service tools, paired with a distributed-recruitment model that expands its loan officer base nationwide.

Name

Anchor Funding Inc

Legal name

Anchor Funding, Inc.

Website

https://anchorfunding.net

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Anchor Funding, Inc. is a San Diego-based mortgage brokerage and mini-correspondent lender, founded in 2000, that originates purchase, refinance, VA, FHA, reverse, HELOC, and non-QM residential loans via the ARRIVE integrated LOS/POS/PPE platform and a panel of 75+ wholesale lenders across 8 U.S. states.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage Services

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

akta.pro secondary industries

Retail Residential Mortgage Brokers (Purchase & Refinance) (FSALABAA), Mortgage Refinance & Rate/Term Intermediation (FSAEAEAC)

Keywords

• Mortgage brokerage services
• Home purchase loans
• Refinance lending
• Reverse mortgages
• Loan origination

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Broker Transaction Fees: As a mortgage broker and mini-correspondent lender, Anchor Funding earns revenue on each closed loan it places with wholesale lenders. Loan officers on 1099 agreements keep 100% of commission minus a $595 flat fee; W2 loan officers receive 90% of commission after the $595 flat fee. Processing fees of $795 per brokered transaction (in-house processors) are charged to the borrower on the Loan Estimate.
2. Direct/Banking Loan Revenue: Revenue from banking (direct) loans where in-house processors are used at $795 per loan, charged to the borrower on the Loan Estimate. Anchor acts as a non-delegated correspondent lender with control over where loans are sent.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Anchor Funding, Inc. operates as a mortgage broker and non-delegated mini-correspondent lender, originating home purchase loans, refinance loans, VA loans, FHA loans, reverse mortgages, HELOCs, and fixed-rate second mortgages. The company sources loan products from a network of 75+ wholesale lenders via the ARRIVE integrated Loan Origination System and processes each loan with an average closing time of 7-10 days. Loan officers operate under Anchor's licensing on either a 1099 (100% commission minus $595 flat fee) or W2 (90% commission) basis.

Product overview

Anchor Funding Inc operates as a mortgage broker with a mini-correspondent lending platform, providing a comprehensive suite of mortgage products and services through its proprietary ARRIVE technology platform. The company's core offerings include home purchase loans, home refinance loans, and specialty products such as VA loans, FHA loans, and reverse mortgages. The ARRIVE platform serves as the foundational technology connecting independent mortgage brokers to 75+ wholesale lenders, offering integrated loan origination, point-of-sale, and product/pricing engine capabilities. Additional products include home equity lines of credit (HELOC) and fixed-rate second mortgages. The company operates in 8 states (CA, AZ, NM, CO, AL, FL, Georgia, TX) and is rapidly expanding across the USA, with headquarters in San Diego, California.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Loans Mortgage financing for purchasing residential properties including single-family residences, condos, and 2-4 unit properties. Offers VA 100% purchase financing and FHA loans with as little as 3.5% down. Designed for prospective homebuyers shopping across Anchor's 75+ wholesale lender network.
• Home Refinance Loans Refinancing solutions including rate/term refinances, cash-out refinances (up to 89% LTV), debt consolidation, and home equity access. Average closing time of 7-10 days, with no points and no fees options available.
• VA Loan Programs Mortgages guaranteed by the U.S. Department of Veterans Affairs for eligible active and retired military, typically requiring no down payment or equity, with easier credit and income qualifications.
• FHA Loan Programs Home loans insured by the Federal Housing Administration (FHA) typically requiring as little as 3.5% down payment with easier credit and income qualifications.
• Reverse Mortgage Reverse mortgage products for homeowners aged 62 or older, allowing them to convert home equity into tax-free cash with no monthly mortgage payments required. Promoted via a free Reverse Mortgage Workshop.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by the home with an initial draw period of 3-10 years followed by a 20-27 year repayment period. Available for owner-occupied, second homes, and investment properties up to 89% LTV.
• Fixed Rate Second Mortgages Fixed-rate second mortgage products with terms of 10-30 years, allowing homeowners to consolidate high-interest debt and get cash out while keeping their first mortgage intact.
• Loan Officer Partnership Program Recruitment and enablement program for licensed loan officers offering 100% commission (1099) minus $595 flat fee or 90% commission (W2) with no splits or hidden fees. Includes access to the ARRIVE platform, 75+ wholesale lenders, free training, marketing support, and residual income opportunities of $150 per funded loan from recruited officers.

Quantifiable outcome

• $10 billion+ in funded loans
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature1 record

Partnerships

Five partnerships are on record, tiered core and flagship.

• ARRIVEcoreTechnology or Integration · 1 January 2025ARRIVE is the industry's first integrated Loan Origination System (LOS), Point of Sale (POS), and Products and Pricing Engine (PPE) with a connected Lender Marketplace, built specifically for independent mortgage brokers and non-Del correspondents. Anchor Funding uses ARRIVE as its primary loan origination technology platform, enabling borrowers to complete electronic 1003 applications, upload documents securely, run DU/LP, price loans, and lock rates all in one platform.
• United Wholesale Mortgage (UWM)flagshipChannel Partner/ Reseller/ Distributor · 1 January 2025United Wholesale Mortgage, rated the #1 lender in the nation, is one of Anchor Funding's 75+ wholesale lending partners. UWM offers free loan officer training events (typically 2 nights at UWM's campus in Detroit with airfare, entertainment, and hotel covered) to Anchor's network of loan officers.
• 75+ Wholesale LenderscoreChannel Partner/ Reseller/ Distributor · 1 January 2025Anchor Funding has access to rates from 75+ wholesale lenders including: Pennymac, Flagstar, Freedom Mortgage, Finance of America, Angel Oak, Carrington Mortgage Services, New Rez, Plaza Home Mortgage, Quontic, NewFi, Finance of America Reverse, Sierra Pacific, Sun West Mortgage Company, and many others. These lenders provide the underlying capital and loan funding for Anchor's brokered and correspondent transactions.
• KOGO AM RadiocoreGTM or Marketing Partner · 1 January 2025KOGO AM is a San Diego news radio station featuring the LaDona and Ted morning team. LaDona Harvey, a respected San Diego news reporter on KOGO AM, is a designated Anchor Funding radio partner, providing brand visibility and credibility through on-air mentions and advertising.
• 760 KFMB Radio (Mike Slater / Slater Cursadors)coreGTM or Marketing Partner · 1 January 2025760 KFMB is a San Diego radio station where Mike Slater, host of the Slater Cursadors program and a Yale graduate, serves as an Anchor Funding radio partner. Mike Slater has a serious background in history and politics, lending credibility to the brand among the station's listenership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Homebridge Financial Services: Homebridge operates a large retail and wholesale mortgage business serving independent brokers, with a multi-channel platform analogous to Anchor's, but at national scale and as a direct lender.
• Pennymac Loan Services: Pennymac is one of the largest U.S. mortgage originators and servicers, with a wholesale TPO channel serving brokers; it is a key Anchor funding partner and direct competitor for brokered loan volume.
• Caliber Home Loans: Caliber is a national retail and wholesale mortgage lender that originates conventional, government, and non-QM loans through broker and correspondent channels overlapping with Anchor's product mix.
• loanDepot: loanDepot is a major national mortgage originator with retail, wholesale (LD Wholesale), and partner channels that compete with Anchor for both loan officer talent and consumer refinance and purchase volume.
• Movement Mortgage: Movement Mortgage is a national retail and partner-channel mortgage lender with a comparable multi-state footprint and product breadth (purchase, refi, FHA, VA) competing for similar borrowers and loan officers.
• NewRez (Rithm Capital): NewRez operates a wholesale/correspondent lending platform serving independent brokers like Anchor, while also originating through its own retail and direct-to-consumer brands.

Direct peers

• United Wholesale Mortgage: UWM is the largest U.S. wholesale mortgage lender and Anchor's flagship partner; it serves the independent mortgage broker channel that Anchor operates in, with overlapping broker, TPO, and non-del correspondent customers.
• Rocket Pro TPO: Rocket Pro TPO is the broker/wholesale channel of Rocket Mortgage, selling to independent loan officers and small broker shops on a multi-lender platform structurally comparable to Anchor's ARRIVE-driven model.
• Fairway Independent Mortgage Corporation: Fairway is a large, multi-state independent mortgage company with a branch-based retail model and a product mix including conventional, government, and non-QM loans that closely tracks Anchor's purchase and refinance offerings.

Emerging players

• Planet Home Lending: Planet Home Lending is a growing retail and wholesale mortgage originator with government, conventional, and non-QM capabilities, competing in the same broker and TPO ecosystem as Anchor while being smaller and more focused on specialty products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AnchorFundingSD
• Facebookfacebook.com/anchorfunding
• LinkedInlinkedin.com/company/anchor-funding-inc

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anchor Funding Inc