PHH Corporation (NYSE: PHH) is a leading provider of mortgage loan servicing and commercial fleet management solutions. Headquartered in Mount Laurel, New Jersey, the company operates through two primary business segments—PHH Mortgage and PHH Vehicle Management—and delivers outsourced services to originators, financial institutions and corporate clients across the United States.
Under its PHH Mortgage division, the company offers a comprehensive suite of loan servicing activities, including primary servicing, subservicing, loss mitigation, borrower support, default management and foreclosure assistance. By partnering with banks, credit unions and mortgage lenders, PHH Mortgage helps manage residential and home-equity loan portfolios and ensures compliance with evolving regulatory requirements.
The PHH Vehicle Management segment provides end-to-end fleet leasing and management services. Offerings include full-service leasing, vehicle acquisition and disposition, maintenance and repair coordination, fuel management, risk and accident management, telematics and comprehensive reporting tools. These services support both small and large fleets in industries such as transportation, utilities and professional services.
Founded in 1946, PHH evolved over decades into a publicly traded company known for its specialized outsourcing expertise and technology-driven platforms. In 2018, Ocwen Financial Corporation completed the acquisition of PHH, integrating its subservicing operations under the Ocwen umbrella. Throughout its history, PHH’s leadership team—drawing on deep experience in mortgage finance and fleet operations—has guided the company through regulatory shifts and market cycles.
AI Generated. May Contain Errors.
