Planet Financial Group, LLC (“Planet”, “PFG”, or “the company”), operating principally through subsidiary, Planet Home Lending, LLC (“PHL”), is a privately-owned residential mortgage company that services, originates, and acquires primarily government and GSE loans. While the company was founded by MHR Fund Management LLC (“MHR”), a diversified asset manager, in 2007 (and remains owned by funds managed by MHR), Planet’s contemporary strategy focused on GNMA and GSE servicing, origination and acquisition, began in 2012 under the stewardship of current CEO, with most of the company’s growth occurring since 2020.
In this regard, Planet reflected a $147 billion UPB owned servicing portfolio at 1Q26, ranking among the “Top 20” largest in the industry, and as the #8 GNMA servicer with ~$110 billion UPB. Planet has built its servicing portfolio both through originations – correspondent and retail channels – as well as bulk acquisition (~$50 billion ‘net’…
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