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Planet Home Loans Opens 26 Branches, Licenses Technology

Planet Home Lending LLC, a national lender and servicer, opened 26 retail branches, expanded into other channels and brought on 165 mortgage loan originators in 2018.

Also, it increased the private client sub-servicing portfolio by 300 percent and the correspondent division expanded its client base by 40 percent, according to the company. The renovation division expanded to serve nine states and added a new loan origination system, and the retail channel opened a new office in Mt. Laurel, N.J, and the company rolled out 66 loan programs and products.

To support the new branches, Planet added the Surefire CRM and launched Skymore, a personal digital mortgage assistant. In addition, working with the National Forest Foundation Planet will donate three trees for every loan that was closed in 2019.

"We have taken a very deliberate approach to how we conduct business and how we want to grow our business," said Michael Dubeck, CEO and president of Planet. "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."

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