Distributed Retail
The deal marks CEO Dustin Sheppard's first major strategic move since taking the helm at APM in October 2025
Planet Home Lending is expanding its presence with the addition of two veteran regional sales managers to drive loan officer recruitment, partnership growth, and specialized lending in key urban markets
Planet Home Lending has named industry veteran Kris Kehl a senior mortgage loan officer in California, adding deep product expertise and a relationship-driven approach to support homebuyers navigating affordability challenges
San Diego-based retail lender finalizes agreement to be acquired by a fund managed by Bayview Asset Management in $1.3 billion all-cash deal
Matt Payan will focus on implementing Planet's 'fierce desire' to expand its distributed retail footprint
Steve Smith brings 30 years of industry experience to the role
CT-based lender reports $5.11 billion in residential originations, up 28% from the second quarter
The acquisition was confirmed Aug. 13 in a release from Planet Home Lending
That will affect 265 employees in Colorado and Arizona, per the WARN notices
The new partnership is just another step towards Rocket's AI efforts.