PHH Corporation and its subsidiaries provide mortgage and fleet management services in the United States and Canada. The company operates through three segments: Mortgage Production, Mortgage Servicing, and Fleet Management Services. The Mortgage Production segment originates, purchases, and sells mortgage loans, including PHH home Loans. It also provides private label mortgage services to financial institutions and real estate brokers. In addition, this segment offers appraisal services, credit research, flood certification, and tax services. The Mortgage Servicing segment services originated PHH mortgage or PHH home loans. This segment also purchases mortgage servicing rights (MSRs) and acts as a sub servicer for clients that own the underlying MSRs, as well as provides reinsurance services. Its activities include collecting loan payments; remitting principal and interest payments to investors; and holding escrow funds for payment of mortgage-related expenses, such as taxes and insurance. The Fleet Management Services segment provides commercial fleet management services to corporate clients and government agencies. Its 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. This segment also offers vehicle maintenance service cards, accident management services, and fuel card programs. The company was founded in 1946 and is based in Mount Laurel, New Jersey.