Items Tagged with 'private label origination services'

ARTICLES

  • LenderLive officially takes over PHH private-label mortgage operations

    PHH's business shift continues
    Earlier this year, LenderLive Network announced that it would be taking over PHH Mortgage Corporation’s private-label fulfillment operations in Jacksonville, Florida. That transition is now complete. According to LenderLive, the company is now processing, underwriting and closing loans on an outsourced basis for PHH fulfillment clients served out of the Jacksonville facility.
    Read More
  • LenderLive takes PHH private-label mortgage operations

    PHH dramatic business shift continues
    Earlier this week, PHH announced that it plans to exit its joint mortgage venture with Realogy Holdings, ceding the business to Guaranteed Rate as PHH continues to shift its business focus. But that’s far from the only change for the company. LenderLive is now set to take over PHH's private-label mortgage operations.
    Read More
  • PHH exiting private label origination business; selling off Ginnie Mae MSRs

    It was all good a month ago
    It was the best of times, it was the worst of times for PHH. A little less than a month ago, PHH was riding the highest of highs, having just landed a landmark legal victory over the Consumer Financial Protection Bureau in a case that saw the structure of the CFPB declared unconstitutional. Now, less than 30 days after celebrating its big victory over the CFPB, PHH is reporting another loss, and announcing the exit from at least one more of its business lines.
    Read More
  • PHH takes another hit as BofA Merrill Lynch pulls mortgage servicing portfolio

    Bank of America terminates agreement without cause
    It only took a little more than six months for Bank of America Merrill Lynch to decide to pull the rest of its mortgage servicing business from PHH Mortgage Corp., marking another devastating blow for the company. Effective March 31, 2017, PHH will no longer provide private label origination services on behalf of Merrill Lynch.
    Read More