nyse phh industry financial services founded 1946 headquarters 3000 leadenhall road mount laurel new jersey u.s. key people glen a. messina ceo robert b. crowl cfo products mortgage services mortgage loans revenue us 639 million 2014 1 operating income us 284 million 2014 1 net income us 87 million 2014 1 total assets us 4.296 billion 2014 1 total equity us 1 571 billion 2014 1 website phh.com 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 history edit phh was founded by duane peterson harley howell and richard heather in 1946 in mount laurel new jersey and incorporated in 1953 as a maryland corporation 1 providing mortgage services employee relocation services fleet management services . between april 30 1997 and february 1 2005 phh was a wholly owned subsidiary of cendant corporation now known as avis budget group and its predecessors that provided mortgage banking services facilitated employee relocations and provided vehicle fleet management and fuel card services . on february 1 2005 as a result of a cendant spin off phh began operating as an independent publicly traded company under the stock symbol nyse phh . on july 1 2014 all issued and outstanding equity interests in their fleet management services business and related fleet entities were sold to element financial corporation for a purchase price of 1.4 billion . the fleet business was focused on providing commercial fleet management services to corporate clients and government agencies throughout the u.s. and canada which included fleet leasing services and additional services and products for vehicle maintenance accident management driver safety training and fuel cards . the transaction resulted in a 241 million net gain on sale reported on the 2014 annual report . 2 references edit a b c d e f 2014 form 10 k phh corporation . united states securities and exchange commission . a b company overview phh corporation . phh corporation . a b banks burdened with compliance costs outsource home loans kathleen m. howley . bloomberg business . external links edit company website retrieved from https en.wikipedia.org w index.php title phh corporation & oldid 707943880 categories companies listed on the new york stock exchangecompanies based in burlington county new jerseycompanies established in 1946financial institutionsmount laurel new jersey1946 establishments in new jersey navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 2 march 2016 at 18 32 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view