We are pleased to announce that PHH has entered into an agreement with TCB to acquire its Correspondent Lending business.
The acquisition of this highly regarded platform complements PHH’s rapidly growing Correspondent business and is expected to accelerate PHH’s growth plans for 2021.
We are excited to welcome TCB’s experienced team into the PHH family, and for the opportunity to bring PHH’s industry-leading capabilities, scale and service to TCB’s Correspondent clients and customers.
TCB Correspondent clients should expect business as usual with regards to the current TCB processes. As the acquisition moves forward, PHH will be working closely with TCB to mitigate any disruption for clients and will continue to communicate more information in the coming days.
We look forward to working with you in the coming weeks, and further into the future as we expand our business. If you have questions, please contact your PHH Account Executive as appropriate.