October 19, 2017 9:44 PM ET

Thrifts and Mortgage Finance

Company Overview of Planet Home Lending, LLC

Company Overview

Planet Home Lending, LLC provides mortgage lending services. Its products include home equity line of credit, adjustable rate mortgages (ARM), pay option ARM, balloon loans, and interest only loans. The company also provides various business services, including private label servicing, automated new loan boarding and review, monthly billing statements, year-end reporting, early stage delinquency counseling, loss mitigation services, complete foreclosure and bankruptcy process management, senior lien tracking, and state compliant release and assignment processing; escrow administration services, such as tax service and forced placed insurance; investor reporting, remittance, and reconciliatio...

321 Research Parkway

Suite 303

Meriden, CT 06450

United States

Founded in 2007

Phone:

203-265-5090

Fax:

443-927-1243

Key Executives for Planet Home Lending, LLC

Planet Home Lending, LLC does not have any Key Executives recorded.

Planet Home Lending, LLC Key Developments

The Consumer Financial Protection Bureau Orders Prospect Mortgage to Pay $ 3.5 Million Fine for Illegal Kickback Scheme and Announces Action against RGC Services, Willamette Legacy, LLC and Planet Home Lending

The Consumer Financial Protection Bureau (CFPB) took action against Prospect Mortgage, LLC for paying illegal kickbacks for mortgage business referrals. The CFPB also took action against two real estate brokers RGC Services, Inc., (doing business as ReMax Gold Coast), based in Ventura, Calif., and Willamette Legacy, LLC, (doing business as Keller Williams Mid-Willamette), based in Corvallis, Ore. and a mortgage servicer Planet Home Lending, LLC that took illegal kickbacks from Prospect. Under the terms of the action announced, Prospect will pay a $3.5 million civil penalty for its illegal conduct, and the real estate brokers and servicer will pay a combined $495,000 in consumer relief, repayment of ill-gotten gains, and penalties.

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Recent Private Companies Transactions

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