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Monday, Apr 22, 2024

Anchor Loans Announces New CEO

Thousand Oaks-based national lender Anchor Loans has announced that Rayman “Ray” Kaur Mathoda has been named chief executive officer, effective immediately.

Mathoda will work closely with the entire Anchor Loans and Pretium leadership teams to accelerate Anchor Loan’s long-term strategic objectives. Andrew Pollock will transition to the new role of president, where he will work closely with Mathoda to drive market share growth, business channel expansion and product and service innovation.

Mathoda brings more than 25 years of experience across the real estate, finance and technology sectors to her new role. Mathoda previously served as chief executive officer at Xome, a real estate solutions provider; and co-chief executive officer at Genesis Capital LLC, a specialty finance company that was acquired by an affiliate of Goldman Sachs in January 2018. Mathoda started her career at McKinsey & Co.

“Twenty-five years ago, Anchor Loans founded the business of supplying capital to single-family real estate developers and entrepreneurs, enabling them to support communities with renovated homes,” Mathoda said in a statement. “I am excited to collaborate with Andy and the Anchor Loans and Pretium teams to expand our national footprint, accelerate growth and execute on our ultimate mission of upgrading America’s housing stock while closing the gap between demand and supply of move-in ready homes.”

“I have been working closely with Ray for the last several months and know firsthand that Ray shares the Anchor Loans team’s collective vision and dedication to putting customer needs at the heart of our business model,” Pollock added. “I firmly believe that Ray will lead Anchor Loans to a bright future as we enter the next chapter of our journey to becoming the sustained leader in our industry.”

In addition to her extensive experience building businesses, Mathoda is currently an independent director at Mosaic Sustainable Finance and serves as chairperson of the board at Desi Rainbow Parents & Allies, a non-profit serving South Asian LGBTQ families and persons in the U.S. She previously served as a city commissioner for the Housing Authority of the City of Los Angeles and as a board director for Genesis Capital and the Los Angeles LGBT Center.

Mathoda earned an M.B.A. with Distinction from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Arts with Honors from Princeton University.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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