Planet Financial Group Reports Gains In Origination, Servicing, Asset Management
In the second quarter of 2023, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and Planet Management Group, LLC, 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% quarter-over-quarter with inflow of agency, non-agency and commercial assets.
“Planet experienced double-digit organic growth, while we continued to take advantage of select acquisition opportunities during the second quarter of 2023,” said Michael Dubeck, CEO and President of Planet Financial Group, parent of Planet Home Lending.
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