PHH Mortgage Corporation
We analyzed every closed loan from PHH Mortgage Corporation — 2.7k loans across 10k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
National · 49 mkts
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
PHH Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+25.6 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,196 | 80.5% | +0.398%Above | $3,742Fees | ||||
FHA Loans | 403 | 14.8% | +0.369%Above | $2,130Fees | ||||
VA Loans | 121 | 4.4% | -0.619%Below | $3,113Fees |
Conventional
OverallAcceptable
ProductStrong
PricingAcceptable
Pull ThroughAcceptable
Volume2,196
Mix80.5%
Spread
+0.398%Above
Fees
$3,742Fees
FHA Loans
OverallSound
ProductStrong
PricingStrong
Pull ThroughAcceptable
Volume403
Mix14.8%
Spread
+0.369%Above
Fees
$2,130Fees
VA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume121
Mix4.4%
Spread
-0.619%Below
Fees
$3,113Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 325 | 11.9% | +0.385%Above | $3,068Fees | ||||
Refinance | 2,404 | 88.1% | +0.239%Above | $3,403Fees |
Purchase
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume325
Mix11.9%
Spread
+0.385%Above
Fees
$3,068Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughAcceptable
Volume2,404
Mix88.1%
Spread
+0.239%Above
Fees
$3,403Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,729
Applications
9,941
Volume
$744 million
Pricing & Closing
Avg Rate Spread
+0.256%
vs. market APOR
Avg Net Fees
$3,363
Origination − Credits
Pullthrough Rate
27.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$272,655
Avg Borrower Income
$121,232
Avg Property Value
$443,882
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
51Nationwide · all 50 states and DCNortheast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 75Mix 2.75% of portfolio
59/100
Sound
Volume 72Mix 2.64% of portfolio
58/100
Sound
Volume 69Mix 2.53% of portfolio
57/100
Sound
Volume 61Mix 2.24% of portfolio
56/100
Sound
Volume 45Mix 1.65% of portfolio
55/100
Sound
Volume 60Mix 2.20% of portfolio
55/100
Sound
7© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 35Mix 1.28% of portfolio
53/100
Sound
Volume 33Mix 1.21% of portfolio
52/100
Sound
Volume 37Mix 1.36% of portfolio
51/100
Sound
Volume 38Mix 1.39% of portfolio
51/100
SoundShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TexasState
Volume 277Mix 10.15% of portfolio
65/100
Strong2
GeorgiaState
Volume 143Mix 5.24% of portfolio
63/100
Strong3
PennsylvaniaState
Volume 127Mix 4.65% of portfolio
62/100
Strong4
AlabamaState
Volume 82Mix 3.00% of portfolio
61/100
Strong5
FloridaState
Volume 203Mix 7.44% of portfolio
61/100
Strong6
CaliforniaState
Volume 196Mix 7.18% of portfolio
61/100
Strong7
ArizonaState
Volume 102Mix 3.74% of portfolio
60/100
Strong8
New JerseyState
Volume 85Mix 3.11% of portfolio
60/100
Sound9
IllinoisState
Volume 102Mix 3.74% of portfolio
59/100
Sound10
IndianaState
Volume 92Mix 3.37% of portfolio
58/100
SoundShowing 10 of 44 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.