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. 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.