PHH Corporation

PHH Corporation is a standalone mortgage company. It provides outsourced mortgage banking services to a range of clients, including financial institutions and real estate brokers throughout the United States, and is focused on originating, selling, servicing and subservicing residential mortgage loans through its subsidiary, PHH Mortgage Corporation and its subsidiaries.

The Company operates through two segments: Mortgage Production and Mortgage Servicing. The Mortgage Production segment provides mortgage loan origination services and sells mortgage loans. The Mortgage Servicing segment performs servicing activities for loans originated by the Company and mortgage servicing rights purchased from others, and acts as a subservicer for certain clients that own the underlying mortgage servicing rights.

Company Growth (employees)
Type
Public
HQ
Mount Laurel, US
Founded
1946
Size (employees)
3,500 (est)
Website
phh.com
PHH Corporation was founded in 1946 and is headquartered in Mount Laurel, US

PHH Corporation Office Locations

PHH Corporation has offices in Mount Laurel and Bowie
Mount Laurel, US (HQ)
1 Mortgage Way
Show all (2)

PHH Corporation Financials and Metrics

PHH Corporation Financials

PHH Corporation's revenue was reported to be $622 m in FY, 2016
USD

Revenue (Q2, 2017)

112 m

Net income (Q2, 2017)

(50 m)

Market capitalization (22-Dec-2017)

496.5 m

Cash (30-Jun-2017)

1 b
PHH Corporation's current market capitalization is $496.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.8 b639 m790 m622 m

Revenue growth, %

(78%)24%(21%)

Sales and marketing expense

64 m

Operating expense total

64 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

615 m517 m196 m152 m261 m237 m169 m157 m196 m197 m114 m112 m

Sales and marketing expense

19 m27 m19 m12 m18 m19 m11 m14 m

Operating expense total

689 m588 m217 m281 m230 m311 m256 m206 m216 m226 m219 m195 m

Interest expense

17 m12 m7 m9 m7 m7 m7 m6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.2 b1.3 b906 m906 m

Accounts Receivable

981 m123 m81 m66 m

PP&E

75 m36 m47 m36 m

Goodwill

25 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

1.2 b1.2 b964 m1.5 b1.3 b958 m982 m937 m1 b996 m936 m1 b

Accounts Receivable

939 m1 b637 m672 m126 m103 m88 m72 m82 m89 m61 m74 m

PP&E

73 m69 m42 m38 m35 m41 m46 m52 m50 m50 m32 m28 m

Goodwill

25 m25 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

164 m87 m(131 m)(193 m)

Depreciation and Amortization

23 m18 m16 m

Cash From Operating Activities

2.7 b(11 m)121 m73 m

Purchases of PP&E

(32 m)(15 m)(31 m)(17 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(46 m)(44 m)(55 m)218 m23 m(33 m)(80 m)(30 m)(9 m)(21 m)(71 m)

Depreciation and Amortization

5 m4 m4 m4 m5 m4 m4 m

Accounts Receivable

103 m88 m72 m82 m89 m61 m

Accounts Payable

281 m228 m182 m225 m200 m185 m
Y, 2017

Financial Leverage

3 x
Show all financial metrics

PHH Corporation Operating Metrics

PHH Corporation's Total Loans Issued was reported to be $174.6 m in FY, 2016, which is a 23% decrease from the previous period
FY, 2014FY, 2015FY, 2016

Saleable Closings

$12.39 m$13.22 m$10.15 m

Saleable Closings, units

94.18 k97.21 k79.46 k

Total Loans Issued, units

1.16 m1.09 m832.37 k

Total Loans Issued

$227.27 m$226.26 m$174.64 m
Show all operating metrics

PHH Corporation Market Value History

PHH Corporation Revenue Breakdown

PHH Corporation's Web-traffic and Trends

PHH Corporation Company Life and Culture

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