Planet Home Lending: Diversified Offerings Helped Us Prosper in 2018

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National mortgage lender and servicer Planet Home Lending reports that it opened 26 retail branches and hired 165 mortgage loan originators in 2018.

In addition, the company’s correspondent division expanded its client base by 40%.

What’s more, Planet Management Group, the company’s mortgage servicing division, grew its private client subservicing portfolio by 300%.

“We have taken a very deliberate approach to how we conduct business and how we want to grow our business,” says Michael Dubeck, CEO and president of Planet Home Lending, in a release. “The industry continues to fluctuate based on rates; however, we are proving that it is possible to be stable and provide consistency to your clients through offering a variety of loan products.”

Other successes in 2018 include expansion of the company’s Planet Renovation Capital division to serve nine states, as well as the addition of a new loan origination system for that division.

In another triumph, Planet Home Lending’s Retention Retail operation opened a new office in Mt. Laurel, N.J.

It also added the Surefire CRM and launched Skymore, a personal digital mortgage assistant.

The company rolled out 66 loan programs and products – and saw significant growth in its distributed retail loan volume, as per the release.

The lender also announced a partnership with the National Forest Foundation to donate three trees for every loan closed in 2019.

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