Mortgage lender and servicer Planet Home Lending has launched several new loan products and opened a dozen branches in the first quarter of 2019.
The firm added additional bank statement, asset depletion, single-family investor, as well as mixed-use and post-foreclosure programs to expand its non-QM product line. It also currently offers purchase and refinance VA home renovation loans.
"Expanding our footprint through our distributed retail offices demonstrates our commitment to ensure more consumers have access to quality home financing," said Michael Dubeck, chief executive officer and president of PHL parent Planet Financial Group. "We plan to continue our efforts to serve as many communities as we can."
Planet Home also announced the opening of its new regional operation center and a western regional office in Texas. The new branches are in Modesto, Calif.; Chicago, Virginia Beach, Va.; Albuquerque and Las Cruses, N.M., San Antonio and McAllen, Texas; Annapolis, Md.; Cincinnati, Augusta, Ga.; Nashville, Tenn. and Indianapolis.
"We continue to ensure that our infrastructure – including everything from operations to technology – is built on a solid foundation to successfully support and grow all of our channels," Dubeck said. "We have a strong servicing channel that is experiencing great ratings. Additionally, Planet Home Lending continues to gain productive distributed retail branches because of the level of success we have based on the variety of loan products and corporate support we offer."