The PHH Corporation is an American financial services corporation headquartered in Mount Laurel, New Jersey[2] which provides mortgage services to some of the world's largest financial services firms.[3] PHH is the biggest U.S. outsourcer of home loans, processes and originates mortgages on behalf of small banks and some of the world's largest financial firms, including Morgan Stanley and HSBC Holdings Plc.[3] On October 4, 2018 Ocwen Financial completed its acquisition of PHH Corporation[4] and PHH is now a wholly owned subsidiary of Ocwen Financial Corp 272029400335
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PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey