Planet Home Lending has hired Paul Walker to be its Chief Financial Officer as of May 7. Walker's two decades of mortgage banking finance expertise include being CFO at both Supreme Lending and Mortgage Assets Management, LLC.
"Paul will guide our financial strategy, leading Planet's integrated platform to continuously deliver efficient, innovative solutions and services to consumers, business partners, and clients," said Michael Dubeck, CEO and president of Planet Financial Group, parent of Planet Home Lending.
Walker has also held positions in public accounting and SEC reporting including Senior Vice President of Enterprise Accounting at Finance of America, Senior Vice President of Financial Reporting and Controls at Mr. Cooper (formerly Nationstar), and as an auditor with KPMG.
"Planet's commitment to connecting multi-channel origination with servicing and asset management creates a unique environment that drives efficiency and scaled growth," Walker said. "My goal is to strengthen this ecosystem, working to ensure our finance department collaborates closely with all divisions to optimize our service delivery and sustain our competitive edge."
Walker continued, "I look forward to contributing to Planet's success and working alongside the talented team here to enhance our market position and financial performance."
Former Planet Chief Financial Officer Teresa McDermott is transitioning to the role of Deputy Chief Financial Officer until her anticipated retirement within the next two years.
"Teresa's leadership has been crucial in building Planet from a $5 billion Ginnie Mae-servicer in 2007 to its industry-leading position today with a $106 billion portfolio in servicing and sub-servicing and the #4 spot in correspondent lending," Dubeck said.
