Robert “Bob” Clausen Joins Planet Home Lending’s Distributed Retail Division

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Experienced Originator Helps National Business Expand in the Midwest

MINNEAPOLIS, July 27, 2022 /PRNewswire/ — Planet Home LendingLLC, a national mortgage lender and manager, has a new team in Minneapolis led by Branch Managers Robert “Bob” Clausen (NMLS #135119) and Quan Hargrove (NMLS #232427) and mortgage originator Seethong Yang (NMLS #1548834).

Planet plans to add 20 mortgage loan officers and half a dozen branches in twin towns region and then expand to other markets in the Midwest. “Bob is a true professional with proven leadership skills and experience building mortgage companies,” said Caleb Mittelstet, Planet Home Lending‘s Executive Vice President, National Sales. “He attracts top talent to the mortgage market and is a highly respected manager in this industry.”

Clausen, who has been a wholesale and retail branch broker, said he was attracted to Planet Home Lending’s leadership, corporate support and variety of loan products. As interest rates rise and the industry adjusts to a buying market, originators are looking to align themselves with a company with the right business structure, access to capital and financial stability , did he declare.

“Planet’s multi-channel assets include a $59 billion servicer and asset manager, creating an attractive level of stability in this environment,” Clausen said. “It suits me perfectly because it has a culture dedicated to the customer experience, supported by the technology and products that buyers and owners need today.

To help homebuyers compete with cash offers, Planet’s unique Cash 4 Homes program guarantees an on-time closing, or it will buy the home for cash. The mortgage lender also offers bridge loans that homeowners use to leverage the equity in their current property to purchase a new residence.

In MinnesotaPlanet partners with the State Housing Finance Agency, which offers down payment and closing cost assistance up to $17,000 for first-time buyers and repeat buyers.

On the home seller side, Planet offers a 2/1 buyout product that builders and home sellers use to lower the interest rate a buyer pays for up to two years.

Clausen said Planet’s culture was another interesting feature in the move to retail. “You are more than just a number. You are part of something bigger. When you ask for help, it comes from a genuine desire to help you grow, because that’s how Planet manages its activities,” he said.

About Planet Financial Group, LLC

Planet Financial Group, LLC, Meriden, Conn., is a fully integrated family of companies that provides innovative origination, servicing and asset management solutions. Through this synergistic ecosystem of products, services and technologies, PFG delivers best-in-class experiences for investors seeking value maximization and borrowers seeking streamlined end-to-end loan lifecycle support. PFG is the parent company of Planet Home Lending, LLC and Planet Management Group, LLC, which also does business as Planet Renovation Capital.

About Planet Home Lending, LLC

Planet Home Lending, LLC (NMLS #17022) is a national mortgage lender and manager delivering exceptional customer experiences to US homeowners and buyers. Offering affordable home loans backed by Fannie Mae, Freddie Mac, VA, FHA, USDA and private lenders, it makes homeownership dreams come true for people in 47 states, DC and Porto Rico. For more information about Planet Home Lending, LLC, please visit PlanetHomeLending.com.

Hurry Contacts:

Dona DeZube

Angelo D. Jones II

Vice President, Communications

Media Contact

Planet Home Lending, LLC

for Planet Home Lending, LLC

[email protected]

[email protected]

(443) 263-2832

(678) 781-7230

Home loan SOURCE Planet

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