Planet Home Lending Expands In Minnesota

Planet Home Lending, a national mortgage lender and servicer, has a new team in Minneapolis led by branch managers Robert “Bob” Clausen and Quan Hargrove and mortgage loan originator Seethong Yang. 

Planet Home plans to add 20 mortgage loan officers and a half dozen branches in the Twin Cities area, then expand to additional markets in the Midwest.

“Bob is a true professional with proven leadership skills and experience building mortgage companies,” said Planet Home EVP, National Sales Caleb Mittelstet. “He attracts top talent in the mortgage market and is a highly-respected manager in this industry.” 

Clausen, who has been a wholesale broker and in retail branching, said he was attracted to Planet Home’s leadership, company support, and variety of loan products. As interest rates rise and the industry adjusts to a purchase market, originators seek to align themselves with a company with the right corporate structure, access to capital, and financial stability, he said.  

“Planet’s multichannel assets include a $59 billion servicer and asset manager, creating an attractive level of stability in this environment,” Clausen said. “It’s a great fit for me because it has a culture dedicated to customer experience, backed by the technology and products today’s homebuyers and homeowners need.” 

Clausen said Planet Home’s culture was another attractive feature in making the switch to retail. “You’re more than just a number. You’re part of something larger. When you ask for support, it comes from a genuine desire to help you grow because that’s how Planet runs its business,” he said.