Jim Bopp has joined Planet Home Lending, a national lender and servicer, as vice president of national renovation lending.
Bopp had more than 25 years of experience in the financial industry. He spent more than seven years at Platinum Home Mortgage Corp.
In addition, he has specialized in renovation lending at other institutions, including Community Bank, NA; Irwin Mortgage; Fleet Mortgage; and M&T Mortgage Corp.
Bopp is an active Mortgage Bankers Association member, has won the MBA’s Burton C. Wood Award, helped start the New York MBA, sits on the national trade association’s FHA Committee, and leads its FHA 203(k) working group.
In a release, Michael Dubeck, CEO and president of Planet Financial Group, parent of Planet Home Lending, says Bopp’s “experience and vast knowledge of renovation finance and the industry will take Planet’s renovation offerings to the next level.”
“With the current market conditions of low inventory and the lack of entry-level turnkey homes, more consumers, including first-time homebuyers, will consider homes that might need renovations,” Dubeck says. “We’re positioned to efficiently deliver those loan products to meet this growing demand.”
“The home improvement industry itself is a $330 billion a year industry, according to Harvard’s Joint Center for Housing Studies,” Bopp says. “Planet is well positioned to capture our share of the renovation loan market.”