Planet Home, Embrace Expand Despite Cooling Market

Despite the slew of closings and layoffs, some mortgage lenders continue to expand as the market cools.

Planet Home Lending announced it is opening a new branch office in Lehigh Valley, PA. It will be led by Retail Branch Managers Christopher Lewis and Nick DeJesus, and Sales Manager Andrew Keller.

The group is known for providing a customer-focused, high-touch experience.

Planet Home offers down payment and closing cost assistance, as well as rate buydowns.

Planet Home continues to expand nationwide after its Q3 earnings report showed a 14.1% boost in loan volume despite market difficulties.

“Planet’s efficiencies allow us to deliver what first-time homebuyers expect in the Lehigh Valley market,” DeJesus said.

“We were drawn to Planet by the company’s great rates, on-time closing guarantee, and innovative technology,” Lewis said.

Embrace Home Loans is also opening a new branch, located in East Greenwich, RI.

Branch Manager Michelle Solomon will lead the new location, alongside Sales Manager Jonathan Bellemore and Junior Loan Officer Melissa Bjorklund.

Embrace plans to add six to eight new loan officers to the location in the coming months, as well as processors and support staff.

“East Greenwich is a great place to open a new office,” said Bellemore.

“It has a rich history and is a vibrant, friendly community, and our new branch is conveniently located near I-95 which allows us to easily meet with potential clients and referral partners throughout Rhode Island, from Westerly to Providence and beyond.” 

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