Ecosystem,
KPMG,
Control,
Finance,
Environment,
Retirement,
Senior,
Government National Mortgage Association,
Enterprise,
Walker,
Knowledge MERIDEN, Conn., May 7, 2024 /PRNewswire/ -- Planet Home Lending, a leading national mortgage lender, servicer, and asset manager, has hired Paul Walker to be Chief Financial Officer.
Key Points:
- MERIDEN, Conn., May 7, 2024 /PRNewswire/ -- Planet Home Lending, a leading national mortgage lender, servicer, and asset manager, has hired Paul Walker to be Chief Financial Officer.
- "Paul will guide our financial strategy, leading Planet's integrated platform to continuously deliver efficient, innovative solutions and services to consumers, business partners, and clients," said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending.
- Before joining Planet Financial Group, Walker was Chief Financial Officer at Mortgage Assets Management, LLC, and Supreme Lending, leading key fiscal and strategic planning initiatives.
- Former Planet Chief Financial Officer Teresa McDermott is transitioning to the role of Deputy Chief Financial Officer until her anticipated retirement within the next two years.
MERIDEN, Conn., March 28, 2024 /PRNewswire/ -- Planet Home Lending, a premier national mortgage lender, servicer, and asset manager, has hired Andy Insua as Regional Sales Manager for the Southeast. With a diverse financial services background in consumer finance, commercial banking, and mortgage banking, Insua is well-equipped to spearhead the expansion of Planet Home Lending's retail branch network in this key region.
Key Points:
- MERIDEN, Conn., March 28, 2024 /PRNewswire/ -- Planet Home Lending , a premier national mortgage lender, servicer, and asset manager, has hired Andy Insua as Regional Sales Manager for the Southeast.
- With a diverse financial services background in consumer finance, commercial banking, and mortgage banking, Insua is well-equipped to spearhead the expansion of Planet Home Lending's retail branch network in this key region.
- "Planet Home Lending is part of a fully integrated family of companies with a solid financial foundation, innovative products, and exceptional leadership," Insua said.
- Planet Home Lending's suite of innovative home loan products targets the diverse needs of homebuyers in the Southeastern US.
MERIDEN, Conn., March 14, 2024 /PRNewswire/ -- Planet Home Lending, LLC, a national mortgage lender and servicer, has established a suite of innovative programs that redefine the homebuying experience. Planet Home Lending unveiled Purchase EDGE and Cash 4 Homes, which are designed to empower homebuyers to navigate today's competitive real estate market with ease. The program gives Planet's borrowers the ability to compete with all-cash offers and to enjoy a less stressful journey to move-up homeownership.
Key Points:
- Planet Home Lending unveiled Purchase EDGE and Cash 4 Homes, which are designed to empower homebuyers to navigate today's competitive real estate market with ease.
- The program gives Planet's borrowers the ability to compete with all-cash offers and to enjoy a less stressful journey to move-up homeownership.
- "We understand the difficulty home buyers face in today's market," said Planet Home Lending President, Mortgage Lending John Bosley.
- Planet Home Lending's Purchase EDGE and Cash 4 Homes programs blend innovation with practicality, easing the path to homeownership.
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Wednesday, February 21, 2024
Planet Home Lending was recognized in the General Servicing and Solution Delivery categories, one of 32 servicers recognized across all categories.
Key Points:
- Planet Home Lending was recognized in the General Servicing and Solution Delivery categories, one of 32 servicers recognized across all categories.
- Since 2011, Fannie Mae's STAR program has provided consistent, specific and measurable feedback to servicers, aligned servicer performance with Fannie Mae's business goals and promoted servicing knowledge and excellence across the housing industry.
- "At Planet Loan Servicing, we see servicing as a comprehensive, supportive journey, ensuring our clients feel valued and understood at every step," Jarish concluded.
- Planet Home Lending approaches servicing as more than an avenue for payment.
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Tuesday, January 30, 2024
SFR,
Social,
National Forest Foundation,
Biophysical environment,
PMG,
ESG,
Government National Mortgage Association,
USDA,
Correspondent,
Tree,
Renting,
Synkronized MERIDEN, Conn., Jan. 30, 2024 /PRNewswire/ -- During 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, reported consistent performance in origination, servicing and asset management.
Key Points:
- MERIDEN, Conn., Jan. 30, 2024 /PRNewswire/ -- During 2023, Planet Financial Group, LLC , parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC , reported consistent performance in origination, servicing and asset management.
- Planet Financial Group's commitment to corporate excellence and responsibility further solidified its position as an industry leader.
- In 2023, Planet also expanded its commercial servicing platform to include sub-servicing for private clients.
- Correspondent volume held steady in 2023, ending at $23.78 billion, off a scant 1% from 2022 volume of $24.10 billion.
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Thursday, December 21, 2023
MERIDEN, Conn., Dec. 21, 2023 /PRNewswire/ -- Planet Home Lending, LLC, a national mortgage lender and servicer, has enhanced its construction lending program by appointing Melony Harpe as Vice President, Construction Sales Manager. With more than 20 years of construction lending experience, Harpe's strategic approach will empower Planet's Mortgage Loan Officers and branches to increase their construction loan volume in 2024.
Key Points:
- Seasoned Expert Melony Harpe Elevates MLO, Branch Support
MERIDEN, Conn., Dec. 21, 2023 /PRNewswire/ -- Planet Home Lending, LLC, a national mortgage lender and servicer, has enhanced its construction lending program by appointing Melony Harpe as Vice President, Construction Sales Manager.
- With more than 20 years of construction lending experience, Harpe's strategic approach will empower Planet's Mortgage Loan Officers and branches to increase their construction loan volume in 2024.
- "We're excited to welcome Melony to the Planet Home Lending team," said Planet's President of Mortgage Lending John Bosley.
- "Melony's unique background in construction lending positions Planet to continue providing innovative and sustainable mortgage solutions," Bosley concluded.
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Thursday, November 2, 2023
MERIDEN, Conn., Nov. 2, 2023 /PRNewswire/ -- In the third quarter of 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, held steady in origination, servicing and asset management.
Key Points:
- MERIDEN, Conn., Nov. 2, 2023 /PRNewswire/ -- In the third quarter of 2023, Planet Financial Group, LLC , parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC , held steady in origination, servicing and asset management.
- Planet Home Lending's total servicing portfolio reached over $100 billion at the end of the third quarter of 2023, up 52% from $67.11 billion in September 2022.
- At September 2023, Planet Management Group had $9.8 billion in assets currently under management, up 68.9% from the prior year period.
- Retention originations decreased to $365 million at September 2023 YTD, 56% lower compared with $830 million at September 2022 YTD.
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Thursday, August 10, 2023
MSR,
Government National Mortgage Association,
DSCR,
ENotes,
SFR,
Acquisition,
Financial adviser,
Real estate,
Beauty salon,
Q3,
Refinitiv,
Planet MERIDEN, Conn., Aug. 10, 2023 /PRNewswire/ -- In the second quarter of 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, reported double-digit growth in origination, servicing and asset management.
Key Points:
- MERIDEN, Conn., Aug. 10, 2023 /PRNewswire/ -- In the second quarter of 2023, Planet Financial Group, LLC , parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC , reported double-digit growth in origination, servicing and asset management.
- "Planet experienced double-digit organic growth, while we continued to take advantage of select acquisition opportunities during the second quarter of 2023," said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending.
- Planet Home Lending's servicing portfolio ended the quarter at $96.94 billion, up 26% from $77.03 billion at Q1 2023.
- In the second quarter of 2023, Planet Management Group increased the volume of managed assets by more than 25% and welcomed several new residential and commercial clients to the platform.
MERIDEN, Conn., July 28, 2023 /PRNewswire/ -- Planet Financial Group — a fully integrated family of companies delivering innovative origination, servicing and asset management solutions — has released its inaugural Environmental, Social and Governance (ESG) Report. The comprehensive report outlines Planet's commitment to sustainability, fair lending, fair servicing, and ethical governance frameworks.
Key Points:
- MERIDEN, Conn., July 28, 2023 /PRNewswire/ -- Planet Financial Group — a fully integrated family of companies delivering innovative origination, servicing and asset management solutions — has released its inaugural Environmental, Social and Governance (ESG) Report.
- "Planet is proud to be among the first privately held independent mortgage banks to issue an ESG Report," said Planet Financial Group CEO and President Michael Dubeck.
- Planet's ESG report also provides insight into fair lending and fair servicing practices.
- The ESG report succinctly summarizes the company's commitment to these principles.
MERIDEN, Conn., July 11, 2023 /PRNewswire/ -- Planet Home Lending, LLC, a leading mortgage loan primary and special servicer, announced that Fitch Ratings has upgraded Planet Home Lending's Primary Subprime Servicer rating to RPS2- and its Special Servicer rating to RSS2-. Previously, the ratings were RPS3+ and RSS3+.
Key Points:
- MERIDEN, Conn., July 11, 2023 /PRNewswire/ -- Planet Home Lending, LLC , a leading mortgage loan primary and special servicer, announced that Fitch Ratings has upgraded Planet Home Lending's Primary Subprime Servicer rating to RPS2- and its Special Servicer rating to RSS2-.
- Previously, the ratings were RPS3+ and RSS3+.
- In its review , Fitch highlighted Planet's risk and compliance management, continually improving performance metrics, and effective technology.
- Financial strength of Planet Financial Group, Planet Home Lending's parent
Competitive performance measured against industry benchmarks for cash management, investor reporting, customer experience, escrow administration, home retention and default administration
