Former head of capital markets and correspondent lending takes a step up
Planet Home Lending has appointed John Bosley (pictured) as president of mortgage lending, effective immediately.
With more than 20 years of industry experience, Bosley will lead the company’s origination, fulfillment, correspondent, and capital markets divisions.
“John is widely regarded in the industry for his ability to maximize value across the full mortgage transaction, including securitization. He delivers market-best pricing for our consumer-direct originators and has built processes and uncovered efficiencies to support volume growth for all of our origination channels,” said Michael Dubeck, CEO and president of Planet Financial Group, the parent company of Planet Home Lending.
Bosley came to Planet Home Lending in 2012 and was promoted to vice president of capital markets. In 2018, he took on the role of executive vice president of capital markets and correspondent lending. According to the firm, its correspondent volume surged 70% to $6 billion in 2019 and 133% to $14.4 billion in 2020 under Bosley’s leadership. It is currently on track to hit $27 billion this year.
“John and I have collaborated successfully for nearly a decade. I’m confident he is the right person to lead and elevate Planet’s mortgage lending division,” said Sandra Jarish, president of servicing at Planet Home Lending. “My division is scaled for anticipated growth. I know John will quickly bring in the home loan volume and mortgage servicing rights to take advantage of that capacity.”
“I believe in bringing people together, hearing their concerns, and finding a plan forward,” Bosley said. “To deliver exceptional customer experience to borrowers and clients, and best-in-class support for sales, Planet must balance the needs of borrowers, correspondent sellers, agencies, capital markets investors, mortgage servicing rights holders, and agencies.”