Planet Home Lending's acquisition of Axia Home Loans allows for significant expansion in key markets, promising to enhance operations and broaden the branch footprint.
John Bosley highlighted that Axia represents a well-respected brand known for its customer service, which aligns well with Planet's commitment to quality and growth.
The transaction is projected to raise Planet’s retail run rate to over $240 million monthly, showcasing its potential for increased operational efficiency.
Axia CEO Alex Rosenblum noted the advantages of the merger by pointing to Planet's impressive volume of $25 billion in 2023, strengthening market presence.
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