Texas Capital Bank Correspondent Lending Business Transition to PHH

We are very excited about the combination of the Correspondent Lending businesses of PHH Mortgage (PHH) and Texas Capital Bank (TCB) as we continue our drive toward building a full service industry leading Correspondent business.

PHH has a longstanding relationship with TCB, and we have been working closely together on integration planning. We will be sharing the details of the plan in the coming days. In the meantime, we encourage you to continue to do business with us just as you always have. This move positions us to expand our client base, grow our platform, and add new delivery options so we can grow our business with you.

As we said, we are very enthusiastic about the benefits of this transaction for you and for PHH. As always, please contact your Account Executive with any questions regarding your business with PHH.

Building strong and long-lasting relationships with our clients has always been a priority for our company, and we look forward to growing the relationship with you both now and in the future.