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.

Type
Subsidiary
HQ
Mount Laurel, US
Founded
1946
Website
phh.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 Financial Corporation

PHH Corporation Financials

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

Revenue

2.8 b639 m790 m622 m456 m

Revenue growth, %

(78%)24%(21%)

Sales and marketing expense

64 m44 m

Operating expense total

64 m729 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

615 m517 m196 m152 m261 m237 m169 m157 m196 m197 m114 m112 m50 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 m76 m

Depreciation and amortization

3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.2 b1.3 b906 m906 m542 m

Accounts Receivable

981 m123 m81 m66 m78 m

Inventories

PP&E

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

Cash

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

Accounts Receivable

939 m1 b637 m672 m126 m103 m88 m72 m82 m89 m61 m74 m56 m

PP&E

73 m69 m42 m38 m35 m41 m46 m52 m50 m50 m32 m28 m19 m

Goodwill

25 m25 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

164 m87 m(131 m)(193 m)(194 m)

Depreciation and Amortization

23 m18 m16 m14 m

Inventories

Accounts Payable

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

Net Income

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

Depreciation and Amortization

5 m4 m4 m4 m5 m4 m4 m3 m

Accounts Payable

281 m228 m182 m225 m200 m185 m

Cash From Operating Activities

(449 m)59 m21 m192 m163 m
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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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