Planet Home Lending has announced Muthu Srinivasan is the company’s new chief technology officer (CTO) and that Jeffrey Ratter has joined the company as chief information officer (CIO).
As CTO, Srinivasan will develop and drive technology strategies to support company growth, speed the lending pipeline and deliver an exceptional experience to customers and business partners. He will focus on the company’s major IT projects, including the continued build-out of digital mortgage and enhancements to Planet Home Lending’s digital personal mortgage assistant.
“Planet is dedicated to applying technology to improve the borrower experience and to gaining all the benefits available in the current digital technology space,” said Srinivasan.
During his more than two decades in mortgage technology, Srinivasan has been a sought-after subject matter expert known for delivering keen insights and efficient solutions to both technology and business challenges.
Previously, Srinivasan was vice president, enterprise data management at Impac Mortgage Corp., director of technology service delivery for loanDepot, vice president of technology at Stearns Lending, and vice president senior tech manager for Bank of America.
Ratter will develop Planet’s infrastructure, managing information security, IT support, vendor management, and facilities.
“I joined Planet because I believe in the management team of this company,” Ratter said. “I come from a sporting background. I’ve been on teams that were the best, teams that weren’t and teams that rose to the occasion and achieved greatness against all odds. What I learned is that no matter what you’re doing, it’s who’s on the roster with you and how well you work as a team that determines your success.”
Previously, Ratter was senior vice president of information technology at Stearns Lending, where he built the infrastructure supporting six joint ventures. Prior to that, he was CIO of Impac Mortgage Corp., a multichannel mortgage banker.
Earlier in his career, he was regional vice president of IT Services –Consumer Products at Wells Fargo, managing technology for the bank’s second-largest unit.