Expansion

During the third quarter of 2024, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and  asset manager Planet Management Group, LLC, demonstrated the strength of its multichannel business model. The company delivered stable performance across all divisions, positioning itself for accelerated growth in 2025.

Optimal Blue announced three major product releases: the expansion of its AI assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. These product updates build on the company’s commitment to rapidly delivering high-impact solutions that tackle real-world challenges while helping clients maximize profitability.

A&D Mortgage has successfully executed its fourth non-QM securitization of the year, valued at US$331.5 million. The centerpiece of this transaction is a US$209.6 million two-year senior note, which secured a Triple A rating and was priced at 145 basis points over Treasuries.

LERETA, a national provider of real estate tax and flood services for mortgage servicers, announced a strategic relationship with CMG Financial (CMG), a privately-held mortgage banking firm based in San Ramon, CA, to manage real estate taxes and flood insurance for CMG’s servicing portfolio.

Planet Home Lending, LLC, a national mortgage lender and servicer, has a new team in Chandler, Arizona, led by Branch Manager Deb Gontko Klein (NMLS #1281046) with Loan Partner Robert Tiongson (NMLS #1585482).   

Planet Home Lending, a national mortgage lender and servicer, has hired Tom Reber (NMLS #450913) as Area Sales Manager in Jacksonville, Florida. Reber brings a wealth of experience and a vision for growth in key markets, aiming to expand the company’s presence in Daytona Beach, Jacksonville, Tallahassee and Savannah, Georgia. 

In its May Insights Report, STRATMOR Group explores the opportunities available for financial institutions such as banks and credit unions in the current tough mortgage market. According to STRATMOR, there are several strategies banks can work on right now that don’t directly relate to pricing discipline, cost cutting or operational efficiency, but that can move the dial in terms of gaining market share and improving profitability.

Optimal Blue launched its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue’s position as the housing industry’s only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions. In turn, they are better positioned to make housing finance accessible to more American borrowers.

LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, launched significant enhancements to its LoanBeam income calculation technologies. The enhancements will enable lenders to efficiently process income documents related to wage earners in the same service they use to process self-employed borrowers.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, has launched VoxturRateAdvisor, a title insurance technology platform designed to present users with information on the right title product, the most competitive rates and services available on the market.