Planet Home Lending
has hired Patrick Couture as senior vice president of servicing platform development. During his nearly three decades in the industry, Couture built servicing platforms, ran highly-rated servicing operations, and accumulated a track record of successfully applying cutting-edge technology to monetize and manage sophisticated, complex portfolios and to transform non-performing assets into re-performing assets.
“Patrick has managed every area of servicing and has worked on both the investor and servicer side of the business,” said Sandra Jarish, president of Planet Home Lending. “His unique perspective into asset management will be invaluable as we enhance the servicing platform to support additional commercial and residential loan products to better serve our clients.”
Before joining Planet Home Lending, Couture worked at several high-profile mortgage industry firms, including Goldman Sachs, where he was vice president of the Realty Management Division and Goldman Sachs Bank where he was vice president of the Consumer and Investment Management Division. He worked for Lone Star Funds/Hudson Advisors and was responsible for the Caliber Home Loans investment. While serving as VP at Fairbanks Capital, he was credited with helping to turn around the servicing operation in the wake of the sub-prime crisis. He was also SVP at Nationstar Mortgage and VP at GMAC’s Homecomings Financial.
“Planet’s impressive leadership team, dedication to investors and entrepreneurial culture drew me to this opportunity,” Couture said. “As a non-bank mortgage lender and servicer, Planet has the ability to be more nimble and strategic than traditional banks. It’s well-positioned to take advantage of market opportunities, which will result in substantial future growth.”