The mortgage industry has faced challenges in the past few years, as market conditions and economic slowdown have put the industry under pressure. Planet Home Lending has taken a bold approach to weather the storm, opting to pursue opportunities in the tech, correspondent and retail channels.
Expanded capabilities in the tech and correspondent channels will bring a wider array of loan products to customers, with features such as modified underwriting, automated document collection and delivery, and proprietary products. Expansion in the retail channel will enhance their customer acquisition funnel by reaching a wider audience and supporting current customers. All of these potential changes bring accelerated growth opportunities to Planet Home Lending, helping them to stand out in an increasingly competitive landscape.
• Experience and innovative approach: Planet Home Lending have taken an approach of expanding their capabilities to counter the industry’s downturn.
• Tech and correspondent channels: Loan products include modified underwriting, automated document collection and delivery, and proprietary products.
• Retail channel: Expansion in the retail channel will enhance customer acquisition and support current customers across a wider audience.
• Market impact: These changes could lead to accelerated growth for Planet Home Lending, making them competitive in a challenging market.
You can read this full article at: https://www.housingwire.com/articles/as-others-struggle-planet-home-lending-is-growing-origination-volume-by-double-digits/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
