PHH Corporation
Onity Group Inc. (formerly PHH Corporation) is a U.S. non-bank financial services company that provides mortgage servicing, origination, and lending solutions to consumers and business clients through its primary subsidiary Onity Mortgage Corporation.
- Company typePublic
- Founded1946
- HeadquartersMount Laurel, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What PHH Corporation does
Onity Group Inc., formerly PHH Corporation, is a U.S. non-bank financial services company founded in 1946 and acquired by Ocwen Financial Corporation in 2018. The company operates primarily through its wholly-owned subsidiary Onity Mortgage Corporation and provides mortgage servicing, origination, and lending solutions to two customer segments: individual consumers (homeowners, homebuyers, and reverse mortgage borrowers) and business clients (financial institutions seeking subservicing, correspondent lending, MSR purchase/co-issuance, and commercial mortgage services). The company rebranded from PHH Mortgage to Onity Mortgage in March 2026 to unify its identity under the Onity parent brand.
PHH Corporation firmographics
Firmographics- Name
- PHH Corporation
- Legal name
- Onity Group Inc.
- Website
- https://corporate.phh.com
- Company type
- Public
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Onity Group Inc. (formerly PHH Corporation) is a U.S. non-bank financial services company that provides mortgage servicing, origination, and lending solutions to consumers and business clients through its primary subsidiary Onity Mortgage Corporation.
- Ownership category
- akta.pro rank
PHH Corporation industry classification
Industry- Product category
- Mortgage Servicing and Lending
- NAICS
- Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)
- akta.pro primary industry
- Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching) (FSAGAHAL)
- akta.pro secondary industries
- Reverse Mortgage Technology & Compliance (LOS/CRM/HECM Calculators) (FSALAIAI), Mortgage Comparison, Marketplace & Rate-Shopping Platforms (FSALABAJ), Loan Servicing & Special Servicing (Delinquency Management) (FSAKAJAG)
Keywords
Where PHH Corporation is headquartered
LocationHeadquarters
- HQ city
- Mount Laurel
- HQ country
- United States
- HQ region
- North America
Markets served
PHH Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Mortgage Servicing: Primary revenue from servicing mortgage loans for homeowners and homebuyers, including managing loan portfolios, collecting payments, and handling escrow accounts.
- Lending Programs: Revenue from mortgage lending including purchase financing and refinancing solutions, as well as reverse mortgage products for eligible homeowners.
- B2B Services (Subservicing, Correspondent Lending, MSR/Co-Issue, Commercial): Business solutions revenue stream serving other financial institutions and businesses through subservicing arrangements, correspondent lending programs, MSR purchase/co-issuance, and commercial mortgage services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | Homeowner/Mortgage Products |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
PHH Corporation product offering
Product offeringCore offering
Onity Group Inc., through its primary subsidiary Onity Mortgage Corporation, is a non-bank financial services company that services and originates mortgage loans for consumers and provides B2B mortgage services to financial institutions. Consumer offerings include home purchase financing, refinancing, and reverse mortgages, while business offerings include loan subservicing, correspondent lending, MSR purchase and co-issuance, and commercial mortgage solutions, all delivered through a technology-enabled platform.
Product overview
PHH Corporation, now operating as Onity Group Inc., is a non-bank financial services company offering a comprehensive suite of mortgage and lending products. The company operates primarily through two product lines: Onity Mortgage (consumer-focused) providing homeownership services including buying, refinancing, and reverse mortgages; and Onity Mortgage Business Solutions offering B2B services such as subservicing, correspondent lending, MSR/Co-Issue, and commercial mortgage products. The company was rebranded from PHH Mortgage to Onity Mortgage in March 2026 to align with the parent company identity. All services are powered by a technology-enabled, customer-centric platform.
Differentiator
Problem solved
Functional benefit
Brands
- Onity Mortgage: Primary mortgage brand offering homeownership and financial services including buying, refinancing, and reverse mortgages for homeowners and homebuyers
- Onity Business Solutions
Products and services
- Onity Mortgage (formerly PHH Mortgage) — Consumer Lending and Servicing Consumer-facing mortgage platform (formerly PHH Mortgage, rebranded to Onity Mortgage in March 2026) offering home purchase financing, refinancing solutions, and reverse mortgage products for individual homeowners, homebuyers, and eligible senior homeowners. Operated through primary subsidiary Onity Mortgage Corporation (NMLS #2726).
- Onity Mortgage Business Solutions B2B suite of mortgage services for financial institutions and business clients, including loan subservicing, correspondent lending programs, MSR purchase and co-issuance, and commercial mortgage solutions. Accessed via business.onitymortgage.com.
Companies that use PHH Corporation
Customer profileSegments2 records
Ideal customer profiles2 records
PHH Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PHH Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ocwen Financial CorporationcoreOcwen is shown in the footer of the Onity website as an affiliated entity (Ocwen USVI Services LLC and Ocwen Financial Solutions Private Limited), indicating a corporate relationship within the broader financial services ecosystem. The relationship appears to be operational rather than formal partnership.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
PHH Corporation competitors and assessment
Company assessmentDirect peers
- Guild Mortgage: Mid-to-large non-bank mortgage lender with retail origination. Overlaps with Onity's consumer purchase and refinance offerings, though smaller servicing book.
- Rithm Capital (NewRez): Mortgage servicer and originator (NewRez) with MSR-focused business model. Highly comparable to Onity's servicing-plus-origination strategy and MSR/Co-Issue offerings.
- loanDepot: Large non-bank mortgage originator with consumer direct and partner channels. Comparable to Onity's consumer-facing mortgage products and reverse mortgage offerings (LDMicro).
- Mr. Cooper Group: Largest US mortgage servicer and a significant originator. Most directly comparable to Onity given the overlap in subservicing, servicing portfolio, and consumer direct origination, with similar non-bank model.
- Pennymac Financial Services: Large non-bank mortgage servicer and lender with significant correspondent and consumer direct channels. Closely comparable to Onity's combination of servicing, correspondent lending, and direct origination.
- Caliber Home Loans: Non-bank mortgage servicer and originator with correspondent and retail channels. Closely comparable to Onity in product mix and target market.
Broad incumbents
- Rocket Companies: Largest US mortgage originator with a consumer-direct brand (Rocket Mortgage) and growing servicing portfolio. Competes with Onity across purchase, refi, and increasingly in servicing.
- UWM Holdings (United Wholesale Mortgage): Largest US wholesale mortgage lender. Competes with Onity in correspondent lending and origination capacity, though more wholesale-focused than retail.
- Flagstar Financial (Flagstar Bank): Bank-based mortgage originator and servicer. Competes with Onity across origination and servicing, particularly in correspondent channels.
Others
- Ocwen Financial Corporation: Parent company of Onity Group Inc. Operates in mortgage servicing and origination, with substantial overlap in business activity but as the corporate parent rather than peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
PHH Corporation social profiles
Digital presencePHH Corporation compliance and trust
Trust signalCompliance4 records
PHH Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
PHH Corporation leadership team
Management profileNumber of profiles
Profiles1 record
PHH Corporation subsidiaries and ownership
Company hierarchySubsidiaries3 records
PHH Corporation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PHH Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PHH Corporation
What does PHH Corporation do?
Onity Group Inc., through its primary subsidiary Onity Mortgage Corporation, is a non-bank financial services company that services and originates mortgage loans for consumers and provides B2B mortgage services to financial institutions. Consumer offerings include home purchase financing, refinancing, and reverse mortgages, while business offerings include loan subservicing, correspondent lending, MSR purchase and co-issuance, and commercial mortgage solutions, all delivered through a technology-enabled platform.
Is PHH Corporation a public or private company?
PHH Corporation is a public company. It is classified as corporate owned and is currently operating.
When was PHH Corporation founded?
PHH Corporation was founded in 1946. It employs 5,001 to 10,000 people.
Where is PHH Corporation based?
PHH Corporation is headquartered in Mount Laurel, United States, in the North America region.
How does PHH Corporation make money?
Three revenue lines are on record. Mortgage Servicing is the primary driver. The others are lending Programs and B2B Services (Subservicing, Correspondent Lending, MSR/Co-Issue, Commercial).
Who are PHH Corporation's main competitors?
Direct peers on record are Guild Mortgage, Rithm Capital (NewRez), loanDepot, Mr. Cooper Group, Pennymac Financial Services and Caliber Home Loans. Broad incumbents are Rocket Companies, UWM Holdings (United Wholesale Mortgage) and Flagstar Financial (Flagstar Bank). Ocwen Financial Corporation is listed as an others.
Does PHH Corporation have an API?
No public API is recorded for PHH Corporation.
What industry is PHH Corporation in?
PHH Corporation's product category is Mortgage Servicing and Lending. Its primary akta.pro industry code is FSAGAHAL, Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching), with a secondary code of FSALAIAI, Reverse Mortgage Technology & Compliance (LOS/CRM/HECM Calculators). Its NAICS code is 5223 and its SIC code is 6162.