Meriden, Connecticut-headquartered Planet Home Lending hired Paul Walker as its next chief financial officer (CFO).
Walker was previously CFO at Mortgage Assets Management LLC and Supreme Lending. He replaces Teresa McDermott, who transitioned to the role of deputy CFO ahead of 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,” said Michael Dubeck, CEO and president of Planet Financial Group, parent of Planet Home Lending. “In this capstone position, McDermott will focus on strategic projects and facilitate the transfer of her knowledge, ensuring the continuity of Planet’s strategic vision and operational excellence.”
“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.”
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