Planet Financial Group, LLC Subsidiaries Post Gains

In the first quarter of 2021, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC (PHL) and Planet Management Group, LLC (PMG), continued to post significant gains by adding private clients to its PMG asset management division, growing its PHL servicing portfolio and posting large volume increases in Correspondent and Retail lending.

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LenderClose Hires Industry Vet To Lead Engineering, Expands Tech Team

LenderClose, a real estate and home equity lending technology platform, has hired industry veteran Felix Dominguez to continue the expansion of its engineering division and has added seven additional team members to its technology department. The additions showcase the company’s commitment to streamlining and enhancing the real estate and home equity lending process through automation.

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Regtech Solution Will Consolidate Data From Multiple Servicers And Detect Loan Exceptions

Bizzy Labs, a regtech company that uses a big data approach to perfect mortgage loan compliance during loan boarding and throughout the life of servicing, announced that MCM Capital and its affiliate, Temple View Capital, have selected Libretto from Bizzy Labs for compliance monitoring on their entire portfolio.

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Commercial And Multifamily Mortgage Delinquencies Declined In April

Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in April, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. The survey was developed to better understand the ways the COVID-19 pandemic is impacting commercial mortgage loan performance.

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Kate Dirrane Joins Boston Branch Of Mortgage Network

Mortgage Network, Inc., one of the largest independent mortgage lenders in the eastern U.S., announced that Kate Dirrane has joined the company’s Boston branch as a loan officer and sales assistant. Dirrane, who is licensed in Massachusetts, Maine, Connecticut, New Hampshire and Rhode Island, will help residents in these states with their home financing needs.

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Commercial And Multifamily Mortgage Bankers Originated $441.5 Billion In 2020

Commercial and multifamily mortgage bankers closed $441.5 billion of loans in 2020, according to the Mortgage Bankers Association’s (MBA) 2020 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. The $441.5 billion in commercial and multifamily mortgages closed last year was 26 percent lower than the record $601 billion reported in 2019.

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