James DePalma’s more than three decades in mortgage finance include executive positions in Special Servicing, Default Management, Specialty Finance, Credit Administration, and Mortgage Trading. As Executive Vice President he leads Planet Management Group (PMG), the company’s comprehensive operating platform and trusted partner to investors in real estate-based assets.
Previously, DePalma was president of Seneca Mortgage Servicing (FKA AMS Servicing), a $50+ billion loan servicing platform. While there, DePalma directed the build-out of Prime Servicing, leading Seneca to over 200,000 units serviced in the prime space and enhancing the company’s national footprint in Special Servicing. In 2016, DePalma lead the conversion of Seneca’s special servicing platform to Planet Home Lending and the sale of its primary servicing to Nationstar Mortgage. DePalma then lead the formation of Planet Management Group, a division of Planet Home Lending, LLC.
Some of the best-known brands in mortgage banking have relied on DePalma’s expertise, including Nomura Securities International, Inc., Arbor Commercial Mortgage, American Servicing Company (a division of Wells Fargo Home Mortgage), North American Mortgage, and Moody’s Investor Service.