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Planet Home Lending LLC, a national mortgage lender and servicer based in Meriden, says it’s bought retail lender Platinum Home Mortgage Corp.

Terms of the deal were not disclosed.

Based in Hoffman Estates, Illinois, Platinum has 20 branches in the Midwest, Northwest and on the West Coast. Planet will also be acquiring “the majority” of Platinum’s origination staff in the deal.

“We look to acquire right-sized, financially solid distributed retail companies,” Michael Dubeck, president and CEO Planet Home Lending’s parent company, said in a statement. “Platinum is a solid cultural fit. Its talented, highly experienced people share our commitment to delivering exceptional lending experiences supported by deep personal care for borrowers.”

Platinum President and CEO Lee M. Gross will join Planet as a senior vice president and will continue to lead the Platinum team at Planet.

“Planet’s efficient platform gives us the pricing advantage of $26 billion in volume,” Gross said in a statement. “In addition to agency and GSE home loans, Planet also has niche products tailored to today’s tight real estate markets, including self-funded One-Time Close (OTC) construction loans as well as manufactured housing and renovation mortgage loans.”