PHH is a North American financial corporation. Based in New Jersey, PHH provides an outsourcing solution service for mortgage providers as well as fleet management services to industries. To find out more about PHH Corporation and the services that they offer, read this article.
An overview of PHH Corporation
Origin Established in New Jersey in 1946, PHH Corporation was founded by Duane Peterson, Harley Howell and Richard Heather. PHH is an outsourcer for mortgage and fleet management services, and it delivers these through the following subsidiaries: - PHH Mortgage and PHH Arval - PHH Mortgage Services PHH Mortgage Services PHH Mortgage Services provides outsourced, private-label mortgage solutions to financial institutions throughout the United States. In 2010, PHH Mortgage provided funding in excess of $48 billion, and helped finance the mortgages on 205.000 homes. PHH Aral PHH Aral provides fleet management services to corporate customers and government agencies throughout America. PHH Arval also provides some fleet management services on a global level. Currently (2011), PHH Arval has approximately 550,000 vehicles in its fleet management scheme. Approximately, one third of the fleet management services delivered to the Fortune 500 companies are under the PHH Arval scheme.
PHH Mortgage & PHH Arval offerings
PHH Mortgage services business
PHH provides services to more than 1,500 financial institutions, real estate agents, corporations and government agencies.
Unique selling features of PHH business mortgages Origination Solutions provide personalised tele services, loan officer tools for intuitive websites as well as dedicated banking support staff. Loan processing These processes ensure the quick processing of a mortgage. Loan servicing provides both end-to-end loan servicing and standalone servicing too. The PHH service provides opportunities both to retain customers as well as cross selling opportunities. Guarantee PHH Guarantee PHH guarantees the pricing, loan processing time and loan closing times. Residential PHH Residential PHH also provides a service directed to personal home-loan customers. They provide fixed rate home loans for 15, 20, 30, and 40 year terms. They also provide Adjustable-Rate mortgages (ARM) which have a variable rate of interest. All ARM mortgages are amortized over 30 years. PHH Arval Fleet Management Services Services PHH Arval provides the following fleet services: - Asset Management: This involves title and registration services - Vehicle financing and acquisition - Used vehicle marketing and violations management. - Operating Cost Management: This looks after fuel expense management, telematics, managed fleet maintenance, and fleet management outsourcing. - Risk Management : This overviews motor vehicle records and monitoring, vehicle accident management services, safety services as well as DOT regulation and compliance services. - Consulting Services: This provides business implementation services, strategic consulting services, and global fleet services. - Trucks Overviews: This overviews truck acquisition and delivery, financing, DOT regulation and compliance, fuel expense management, managed maintenance, risk and safety and remarketing.