Planet Home Lending Acquires Certain Assets Of Axia Home Loans
Planet Home Lending, LLC, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Washington, an employee-owned company with branches in 17 states.
Planet Home Lending is dedicated to increasing its retail market share through a combination of organic growth and strategic acquisitions. The Axia transaction provides Planet with immediate benefits, including insights from seasoned, high-performing originators, affinity programs, increased volume and a broadened branch footprint across the Western, Northwestern, and Midwestern markets.
“Axia is a well-respected brand with a remarkable customer service record,” said John Bosley, Planet Home Lending, President, Mortgage Lending. “Having been the #1 ranked medium-size company on Experience.com, it’s clear the Axia teams share Planet’s commitment to delivering exceptional lending experiences supported by deep personal care for borrowers.”
The move to Planet provides Axia’s sales professionals with funding for continued volume growth and access to proprietary innovative home loan products.
“We conducted a thorough market analysis, and Planet Home Lending emerged as the ideal partner for Axia,” said Alexander Rosenblum, CEO of Axia Home Loans. “Planet’s culture of collaboration and innovation aligns seamlessly with ours, promising a supportive and successful future together. Its substantial $25 billion annual volume enhances our market presence and affords our teams greater clout and opportunities for growth.”
Axia Home Loans, founded in 2007, became the first 100% employee-owned mortgage company in America in 2016. Its mission has always focused on creating sustainable homeownership through responsible lending in the communities where its employees live and work. It is licensed in 48 states and Washington, D.C.
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