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.

TypeSubsidiary
Parent CompanyOcwen
HQMount Laurel, US
Founded1946
Websitephh.com
PHH Corporation was founded in 1946 and is headquartered in Mount Laurel, US
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PHH Corporation Office Locations

PHH Corporation has an office in Mount Laurel
Mount Laurel, US (HQ)
1 Mortgage Way
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PHH Corporation Financials and Metrics

Summary Metrics

Founding Date

1946
PHH Corporation is a subsidiary of Ocwen

PHH Corporation Revenue

PHH Corporation's revenue was reported to be $456 m in FY, 2017
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.8b639.0m790.0m622.0m456.0m

Revenue growth, %

(78%)24%(21%)

Sales and marketing expense

64.0m44.0m

Operating expense total

64.0m729.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

615.0m517.0m196.0m152.0m261.0m237.0m169.0m157.0m196.0m197.0m114.0m112.0m50.0m85.0m

Sales and marketing expense

19.0m27.0m19.0m12.0m18.0m19.0m11.0m14.0m

Operating expense total

689.0m588.0m217.0m281.0m230.0m311.0m256.0m206.0m216.0m226.0m219.0m195.0m76.0m147.0m

Depreciation and amortization

3.0m5.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.2b1.3b906.0m906.0m542.0m

Accounts Receivable

981.0m123.0m81.0m66.0m78.0m

Inventories

PP&E

75.0m36.0m47.0m36.0m22.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

1.2b1.2b964.0m1.5b1.3b958.0m982.0m937.0m1.0b996.0m936.0m1.0b480.0m453.0m

Accounts Receivable

939.0m1.0b637.0m672.0m126.0m103.0m88.0m72.0m82.0m89.0m61.0m74.0m56.0m58.0m

PP&E

73.0m69.0m42.0m38.0m35.0m41.0m46.0m52.0m50.0m50.0m32.0m28.0m19.0m18.0m

Goodwill

25.0m25.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

164.0m87.0m(131.0m)(193.0m)(194.0m)

Depreciation and Amortization

23.0m18.0m16.0m14.0m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(46.0m)(44.0m)(55.0m)218.0m23.0m(33.0m)(80.0m)(30.0m)(9.0m)(21.0m)(71.0m)(30.0m)(65.0m)

Depreciation and Amortization

5.0m4.0m4.0m4.0m5.0m4.0m4.0m3.0m5.0m

Accounts Payable

281.0m228.0m182.0m225.0m200.0m185.0m

Cash From Operating Activities

(449.0m)59.0m21.0m192.0m163.0m108.0m
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PHH Corporation Operating Metrics

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

$227.27 m$226.26 m$174.64 m

Total Loans, units

1.16 m1.09 m832.37 k
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PHH Corporation Revenue Breakdown

Embed Graph

PHH Corporation revenue breakdown by business segment: 13.3% from Mortgage Servicing and 86.7% from Mortgage Production

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PHH Corporation Company Life and Culture

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