Planet Financial Group, LLC Subsidiaries Post Gains in Asset Management, Servicing and Originations News provided by Share this article Share this article MERIDEN, Conn., May 6, 2021 /PRNewswire/ -- In the first quarter of 2021, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC (PHL) and Planet Management Group, LLC (PMG), continued to post significant gains by adding private clients to its PMG asset management division, growing its PHL servicing portfolio and posting large volume increases in Correspondent and Retail lending. Planet Financial Group, LLC President and CEO Michael Dubeck Planet Home Lending's servicing portfolio grew to $38.5 billion, up 17% from $33 billion at year-end 2020. Total units rose to approximately 172,000, increasing 13% from approximately 152,000 at year-end 2020. The average loan size in the portfolio grew to $223,149 in Q1 2021, up from $214,439 at yearend. The company's third-party subservicing portfolio more than doubled, ending the first quarter of 2021 with 25,584 active assets valued at nearly $6.5 billion.