The company has two business subsidiaries, namely PHH Arval and PHH Mortgage. For more than 60 years in the business, PHH continues to bring assistance to their clients and help them fortify their dealings through outsourcing. The outsourcing services they offer to the market is of world class quality and are delivered through their two business units. It was Duane Peterson, Richard Heather and Harley Howell, who established the business in 1946. Headquartered in Mount Laurel Township, New Jersey, the company is now part of the Russell 2000 Indices.
The mortgage solutions they offer is handled by their PHH Mortgage unit, these solutions are private-labeled and are outsourced. Clients of the business are leaders in their fields of interest and include real estate companies, credit unions, government agencies, financial institutions and various corporations. In total, this segment was able to close more than $52.4 billion in mortgage financing in 2013 alone. Direct customers are also able to benefit from their home financing services. This business arm is considered as one of the top 10 originators of retail residential mortgages in the country.
Their PHH Arval segment has global operations and provides fleet management services to both corporate and government agency clients. Their strongest markets are located in Canada and in the United States. Their global operations are marketed under the PHH Arval Global Alliance brand name. They have over 580,000 trucks and vehicles under management. They also take pride that the vast majority of the Fortune 500 companies advocates their services.
Through the expertise and technology offered by PHH Corporation, businesses are able to reduce cost of operations and increase their productivity.