Planet Home Lending Expands in the Midwest – NMP
Industry News

Planet Home Lending Expands in the Midwest

Jun 21, 2019
Planet Home Lending has named 25-plus-year industry veteran Jim Bopp as vice president of national renovation lending

Planet Home Lending LLC, headquartered in Meriden, Conn., has opened four new branches in the Midwest.
 
The new branches are located in Chicago, Cincinnati, Indianapolis and Canton, Mich. The company operates in 47 states and is focused on first-time and repeat buyers and real estate investors, and it also markets to borrowers that are often ignored by other lenders, including self-employed business owners, retirees, foreign nationals and people who have had a bankruptcy or foreclosure.
 
"Planet Home Lending is a great fit for the Midwest because we offer loans homeowners here need, including local downpayment assistance programs," said Planet Home Lending Senior Vice President, Eastern Division Manager Fobby Naghmi. "Planet Home Lending has products and strategies to tackle those challenges. We know how to apply the underwriting rules to consumers' existing personal finances to give them tailored home loan choices, instead of pushing them into a one-size-fits-all loan."
 
About the author
Phil Hall
Link copied
Published
Jun 21, 2019
Get the NMP Daily
Operations
Wells Fargo Backs 3D-Printed Housing With New Financing Program

Qualified buyers can receive a 50-basis-point lender credit as the bank looks to support alternative housing construction

Wells Fargo is expanding its involvement in the 3D-printed housing sector, announcing it has been named a preferred home mortgage lender for ICON, a company specializing in advanced construction technology.Under the arrangement, qualified buyers who finance the purchase of a...

Continue reading
Non-QM
eRESI Rolls Out AI Guideline Search For Non-QM Lending

Correspondent sellers will receive complimentary access to Guideline Guru's platform, allowing real-time searches of eRESI underwriting guidelines and instant AI-generated answers

eRESI has partnered with Guideline Guru to provide correspondent clients with complimentary access to an artificial intelligence-powered tool that streamlines Non-QM guideline searches and accelerates loan decision-making.The partnership will make Guideline Guru available ac...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Industry News
Jun 12, 2026
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Industry News
Jun 02, 2026
Realtor.com Launches AI Home Search Platform Built With Google

New RealAssist tool combines AI, affordability guidance and Google Maps data to engage buyers before they reach lenders

Industry News
Jun 02, 2026
Another MLS Challenges Zillow In Fight Over Listing Visibility

Realtracs joins MRED in pushing back on Zillow's listing policies, a battle with potential implications for the broader homebuying and mortgage ecosystem

Industry News
May 29, 2026
Gas Prices Are Quietly Reshaping Homebuyer Affordability

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

Industry News
May 28, 2026
MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

Industry News
May 27, 2026