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Planet Posts Double-Digit Growth in Servicing and Originations in Q2 2025
https://planethomelending.com/pdf/Milestone%202025%20Q2%20v1.pdf
Planet Financial Group Marks Growth Across Channels in First Quarter of 2025 Celebrating its 18th year, Planet Financial Group, LLC. parent of national mortgage lender Planet Home Lending, LLC, which also does business under the name Planet Loan Servicing, and asset manager Planet Management Group, LLC, once again demonstrated that longevity, vision, and execution matter. Continued growth in servicing, correspondent lending, and retail, along with industry accolades, positioned Planet as a standout in a contracting market. “Our progress is the result of deliberate strategy, disciplined execution, and the long-term support of private equity partners who recognize the enduring value of our multichannel business model,” said Michael Dubeck, CEO and President of Planet Financial Group.
https://planethomelending.com/pdf/Milestone%20Q1%202025F.pdf
Planet Financial Group Produces Significant Growth in 2024
https://planethomelending.com/pdf/Milestone%202024%20Q4%20vfinal.pdf
Planet Financial Group Delivers Double-digit Growth in Q2 2023 MERIDEN, Connecticut, August 10, 2023 – In the second quarter of 2023, Planet Financial Group reported double-digit growth in origination, servicing, and asset management. • Planet’s Mortgage Servicing Rights (MSR) portfolio ended the quarter at $85.03 billion, up 24% from Q1 2023 • Origination volume reached $7.39 billion for Q2 2023, up 13% compared with Q1 2023. • Private client assets under management grew more than 25%.
As others struggle, Planet Home Lending is growing origination volume by double digits The mortgage servicer and lender has turned to acquisition opportunities in correspondent and retail channels
As others struggle, Planet Home Lending is growing origination volume by double digits
FairPlay, the world’s first Fairness-as-a-Service™ solution, identified Planet Home Lending as a 2022 Top 10 Fairest Lender after a comprehensive study of official Home Mortgage Disclosure Act data for 23 million mortgage applications taken by 4,300 lenders. Planet believes fairness includes removing barriers to homeownership wherever we can by offering down payment and closing cost assistance, having human underwriters step in when borrowers face unique credit challenges, and avoiding adding unnecessary rules.
In an exclusive analysis of federal data, FairPlay reveals the fairest mortgage lenders and fairest cities in the U.S.
Planet Financial Group Releases Inaugural ESG Report Private non-bank discloses environmental, social and governance metrics MERIDEN, Connecticut, July 27, 2023 -- Planet Financial Group — a fully integrated family of companies delivering innovative origination, servicing and asset management solutions — has released its inaugural Environmental, Social and Governance (ESG) Report. The comprehensive report outlines Planet’s commitment to sustainability, fair lending, fair servicing, and ethical governance frameworks. The report can be viewed and downloaded from Planet's website at https://bit.ly/PlanetESG. “Planet is proud to be among the first privately held independent mortgage banks to issue an ESG Report,” said Planet Financial Group CEO and President Michael Dubeck. “The report details our commitment to our customers, business partners and employees, and our ongoing efforts to create a positive impact on the world.” Environmental stewardship is a key focus for Planet. Through its Planet With a Purpose ESG platform, the company has actively supported initiatives such as planting trees with the National Forest Foundation and reducing food waste through The Farmlink Project. Additionally, Planet funds the modernization of aging homes to enhance energy efficiency. Planet's ESG report also provides insight into fair lending and fair servicing practices. The company applies innovative solutions to help borrowers overcome barriers to homeownership.
Planet Launches Innovative Commercial Servicing Division Empowers Investors with Advanced Technology and Expert Advisory Services MERIDEN, Conn., May 18, 2023 – Planet Financial Group has added an innovative commercial servicing division to its family of companies. Led by Planet Management Group, Executive Vice President James DePalma and Senior Vice President Janina “Gigi” Woods, Planet’s high-touch experienced asset management team will benefit investors throughout the asset class. “Planet is a trusted partner for investors seeking the people, process, and perspective needed to navigate ever-changing commercial lending markets,” said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Management Group. “Our specialized technology and expert advisory services provide tools to effectively manage performing and non-performing commercial assets at scale.”
Planet Financial Group, LLC Subsidiaries Gain Market Share in 2022 Subsidiaries now #5 in correspondent, #10 in overall originations MERIDEN, Connecticut, Feb. 2, 2023 – Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and asset manager Planet Management Group, LLC (PMG), continued to gain market share in 2022. During 2022, Planet Home Lending’s servicing portfolio grew 47% to $73.6 billion, including $17.5 billion in sub-serviced assets managed by Planet Management Group. Correspondent volume rose to $24.1 billion, up 5.4%.
Planet Financial Group Subsidiaries Increase Market Share in Q3 2022 October 27, 2022 – Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, announced today that Planet Home Lending’s total origination volume was $7.3 billion in Q3 2022, up 14.1% from Q2 2022.