Planet grows originations and servicing in Q2 2026

Planet said second-quarter 2026 growth across originations, servicing and Non-Agency lending helped the specialty finance company navigate a volatile mortgage market. The company also highlighted technology upgrades, hiring gains and industry awards as it expanded its platform.

Why it matters: - Planet’s second-quarter results show how a balanced mortgage business can grow even when the market is volatile. - Stronger originations, a larger servicing portfolio and rising Non-Agency adoption give Planet more ways to produce revenue across market cycles. - Technology investments and customer retention metrics suggest the company is trying to scale without sacrificing service quality.

What happened: - Planet said it continued building momentum in Q2 2026 across origination, servicing, Co-Issue, Non-Agency lending and technology. - The company originated about $8.7 billion in mortgage loans during the quarter, up 34% year over year. - Planet grew its servicing portfolio to about $159 billion, up 18% year over year. - The quarter took place amid geopolitical risk that weighed on the mortgage market. - CEO and President Michael Dubeck said the quarter reflected the strength of Planet’s vertically integrated platform and years of investment in products, people and operations.

The details: - Non-Agency production reached about $160 million in the quarter, up 32% from the prior quarter. - June was the strongest month to date for both locks and funded volume in the Non-Agency channel. - Planet said Non-Agency adoption is accelerating as the company adds lending partners and improves operations in the program. - The company refined its niche product lineup, including its One-Time Close construction loan program and financing options for real estate investors. - Co-Issue MSR acquisitions reached about $832 million in June. - That total included about $350 million in Ginnie Mae PIIT co-issue purchases. - Planet said the results reflect growth in correspondent seller participation and execution capabilities. - Planet’s Retail group expanded its mortgage loan originator base by 12% in the quarter, a 48% annualized growth rate. - Planet’s servicing portfolio increased by 15% during the quarter, while performance held steady. - Verified recapture rate reached about 71%, which the company linked to its combined origination and servicing strategy.

Between the lines: - The quarter suggests Planet is leaning into multiple growth engines instead of relying on one market segment. - Non-Agency lending and Co-Issue activity appear to be giving the company more ways to diversify production when traditional mortgage demand is uneven. - Technology use is also becoming a bigger part of the operating model, not just a support function. - Avery, Planet’s virtual agent, handled 42% of customer payment calls and processed more than $55 million in payments in Q2. - The company expanded AI-powered tools for underwriting and servicing workflows to speed decisions and improve employee productivity. - Planet also rolled out a refreshed brand identity to reinforce a unified customer experience across origination, servicing and affiliated services. - The brand refresh appears aimed at aligning how Planet presents itself with how the company already operates. - HousingWire recognized Senior Vice President of Retail Growth and Strategic Marketing Candice McNaught as a 2026 Marketing Leader. - Freddie Mac gave Planet its Home Possible RISE Award for expanding access to affordable homeownership. - The U.S. Department of Agriculture gave Planet its Underwriting Award for achieving zero delinquencies over 12 months.

What’s next: - Planet said it will keep scaling its platform through investments in technology, talent and customer experience. - Dubeck said the company’s strategy is to build a balanced business that creates value across every stage of the market cycle. - The company is positioning those investments as the basis for long-term growth rather than a short-term quarter-to-quarter play.

The bottom line: - Planet used a choppy mortgage market to post stronger origination, servicing and Non-Agency results, while signaling that technology and platform expansion remain central to its next growth phase.