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56 PLANET FINANCIAL GROUP, LLC, POSTS RECORD SERVICING GROWTH IN 2020 In 2020, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC, and Planet Management Group, LLC, remained well-capitalized in the face of industry turmoil, excelling during the most challenging mortgage market crisis since the mid-2000s. Its subsidiaries posted record growth, more than doubling total origination volume and nearly doubling the servicing portfolio. Planet Home Lending's total origination volume reached $19.5 billion in 2020, up 122% from $8.8 billion in 2019. Correspondent volume rose to a record $14.4 billion, a 133% increase from the prior year's $6.2 billion. e company's correspondent lender customer base expanded by 73% during 2020. Planet Home Lending is now the No. five government correspondent lender and No. 12 overall. Planet Home Lending's servicing portfolio grew to $33 billion, up 83% from 2019's $18 billion endpoint. Total units rose to 154,000, increasing 50% year over year from 2019's 103,000 units. e average loan size in the portfolio grew to $214,889 in 2020, up from $185,129 in the year-ago period. Retention originations increased to $2.3 billion in 2020, more than double 2019's $1.1 billion in originations. e division recaptured an industry-leading 43% of month-over- month borrower voluntary prepayments. e Distributed Retail channel originated $2.7 billion in home loans in 2020, up 108% from $1.3 billion in 2019. Planet Management Group, the private client-focused, subservicing subsidiary of Planet Financial Group, added clients in the non-QM and residential transition loan (RTL) spaces and secured additional government servicing oversight contracts in 2020. Planet Management Group's industry knowledge and advanced methodology continued to attract complex portfolios advantaged by sophisticated management. In 2020, Planet Management Group added portfolio volume of 8,010 units with an unpaid principal balance of $3 billion, resolving more than 1,000 delinquencies and effectively managing portfolio volatility for private clients. It ended the year with 9,279 active assets valued at $1.9 billion. Since its inception in 2014, PMG has managed 23,381 units valued at $6.3 billion. "e expertise of people within the Planet Financial Group family of companies led to our achievements in recent years, culminating in new highs for 2020," Planet Financial Group CEO and President Michael Dubeck said. "We significantly increased our market share by providing certainty to clients and consumers during the historically volatile market periods last year and will continue to do so in 2021." Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month.