SAN DIEGO, Calif. /California Newswire/ — The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced a new strategic partnership with PHH Mortgage, a leading subservicer and portfolio retention provider. The new relationship with PHH Mortgage adds an experienced, best-in-class subservicer to their preferred partner network.
For over 30 years, PHH Mortgage has been an industry leader in delivering mortgage servicing and lending solutions to financial institutions to handle their outsourced mortgage needs. PHH is currently one of the largest mortgage subservicers in the industry and is welcoming opportunities to further grow its $145 billion subservicing portfolio.
“In the ever-changing industry and regulatory landscape, it is important to add experienced network partners like PHH Mortgage who have a long track record of delivering high quality, compliant solutions to a range of financial institutions and their customers,” said Rich Swerbinsky, Chief Operating Officer for The Mortgage Collaborative. “With their impressive 94 percent customer satisfaction rating and the ability to manage mortgage portfolios from 1,000 to 100,000+ loans, it is easy to see how lender members of The Mortgage Collaborative will benefit from the addition of PHH Mortgage to our network.”
PHH has an experienced team of mortgage professionals dedicated to delivering personalized service to its clients and maintaining the highest quality customer service for their customers. PHH’s client base includes some of the largest and most recognizable financial and wealth management institutions, investors of MSRs, regional and community banks, and credit unions. The company also offers portfolio retention services to their subservicing clients, which provides the opportunity to extend and enhance customer relationships.
“We are genuinely excited to be part of The Mortgage Collaborative network and look forward to building long-term relationships with its lender members,” said Steve Staid, Senior Vice President of Servicing for PHH Mortgage. “For lender members looking for a subservicing provider who is a natural extension of its team, PHH is the right partner for your organization. Our servicing operation is based on a risk and compliance structure built to bank-like standards, and a team of mortgage professionals dedicated to flawless execution and delivering exceptional customer service.”
About The Mortgage Collaborative:
Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA).
For more information, visit: www.mortgagecollaborative.com.
About PHH Mortgage:
Headquartered in Mount Laurel, New Jersey, PHH Mortgage, a subsidiary of PHH Corporation (NYSE:PHH), is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing solutions to companies who own mortgage servicing rights, including purchase and refinance loan originations to their customers. The company has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. For additional information, please visit the Company’s website at www.phhmortgage.com/business.