Demand Fundamentals
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Demand Technicals
Company Profile
PHH Corporation provides mortgage and fleet management outsourcing services in the United States and Canada. The company's Mortgage Production segment originates, purchases, and sells mortgage loans- offers private-label mortgage services to financial institutions and real estate brokers- and provides appraisal services, credit research, flood certification, and tax services. Its Mortgage Servicing segment engages in the collection of loan payments- remitting principal and interest payments to investors- managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance- and performs loss mitigation activities. This segment also services mortgage loans, purchases mortgage servicing rights, and acts as a subservicer for clients, as well as offers reinsurance services. The company's Fleet Management Services segment offers fleet management services to corporate clients and government agencies. This segment's fleet leasing and fleet management services include vehicle leasing, fleet policy analysis and recommendations, benchmarking, vehicle recommendations, ordering and purchasing vehicles, arranging for vehicle delivery, and administration of the title and registration process, as well as tax and insurance requirements, pursuing warranty claims, and remarketing used vehicles. It also provides vehicle maintenance service cards used to facilitate payment for repairs and maintenance- accident management services, such as immediate assistance- and fuel card services that facilitate the payment, monitoring, and control of fuel purchases. As of December 31, 2010, this segment had approximately 280,000 vehicles leased consisting of cars and light-duty trucks, medium and heavy-duty trucks, trailers, and equipment- and approximately 285,000 additional vehicles serviced under fuel cards, maintenance cards, and accident management services arrangements. The company was founded in 1946 and is based in MT. Laurel, New Jersey.
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