Effective immediately, PHH Mortgage is removing the following overlays on Non-Credit Qualifying FHA Streamline Refinances and VA IRRRLS:
- A two-year employment history on the residential application (URLA) and income amount listed
- Verbal Verification of employment
- For self-employed borrowers, verification of business through 3rd party source
Delegated and Non-Delegated product listings have been updated to reflect this change.
If you have any questions, please contact your Correspondent Specialist, Sales
Executive/Correspondent Sales Representative, or contact us via the support line at 1-800-929-
4744.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
