Planet Acquires Platinum Home Mortgage

Planet Home Lending has acquired Illinois-based retail lender Platinum Home Mortgage, leaders at the company announced. Most of Platinum’s origination staff, spread throughout 20 branch offices around the U.S., will join Planet, as will Platinum’s CEO and President Lee M. Gross. He is set to become Senior Vice President and lead the Platinum team. “The move to Planet brings immediate access to improved pricing, technology, and marketing to Platinum’s branches,” Gross said. “In addition to agency and GSE home loans, Planet also has niche products tailored to today’s tight real estate markets, including self-funded One-Time Close (OTC) construction loans as well as manufactured housing and renovation mortgage loans.” Planet is known for providing a customer-focused, high-touch experience. It has expanded…

New Planet Home Lending Team In Central FL

Planet Home Lending has a new team in Kissimmee, Florida, the company announced in a press release. Ricardo Maldonado, retail branch manager, will lead a group of ten mortgage loan officers. The team includes several bilingual English/Spanish speakers to better serve the community. Maldonado noted the burden of home prices on regular Floridians. The group will help potential buyers find down payment and closing cost opportunities from the Florida Housing Finance Commission that may help residents buy a home now, rather than saving for years to come. They also offer seller-paid interest rate buydowns that can benefit buyers and homeowners who want to move their property quickly. “Home listing prices had risen 15.6% at the end of 2022 and the…

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,…