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
Promptness
Not enough data
—/5
No quote responses measured yet
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
2/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
2,196 loans · 0.40% above market
Strong
Top 40% of lenders
4/5
FHA
403 loans · 0.37% above market
Strong
Top 40% of lenders
4/5
VA
121 loans · 0.62% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
325 loans · 0.39% above market
Sound
Top 60% of lenders
3/5
Refinance
2,404 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders
3/5
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
51Full-year 2024 · HMDANationwide · all 50 states and DCLoans originated
< 1010–5050–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
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
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 44 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.