Planet completed a $125 million add-on to a prior $475 million debt security issuance and expanded owned mortgage servicing rights (MSRs) to $118.47 billion, a 7% increase from Q1 2025 and 29% year-over-year. Planet acquired $5 billion in MSRs and its subservicing portfolio grew to $13.84 billion, up 3% from the prior quarter. Residential originations totaled $6.54 billion in Q2 2025, a 25% increase quarter-over-quarter and 64% year-over-year, with correspondent production at $5.8 billion and retail originations of $759.5 million. Retention retail volume reached $440.7 million, up 31% without adding staff, and July marked a company record for funding. Servicing awards and ratings upgrades accompanied portfolio growth.
Planet's results this quarter reflect the strength of our multichannel, all-weather strategy and our ability to deliver in today's market, said Michael Dubeck, CEO and president of Planet Financial Group. We're scaling our platform, deepening relationships across channels, and continuing to win market share through disciplined execution and unmatched service.
We have earned multiple servicing awards and ratings upgrades, proving that even at record portfolio levels, our high-touch, high-performance platform delivers the exceptional experience clients and borrowers expect, said Sandra Jarish, president of Planet Home Lending's servicing division.
Investors choose Planet because we combine nimble execution with a commitment to protecting portfolio performance and minimizing risk, Jarish said. Our dedicated sub-servicing team and true non-compete model ensure our clients' assets get the attention they deserve.
We're holding a strong servicing book, so every time rates dip even briefly we're capturing wins, John Bosley, president of Planet Home Lending's origination division, said in a statement.
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