Mortgage Services III, LLC is a prominent non-bank mortgage servicing company in the United States, operating under the trade name PHH Mortgage. As a subsidiary of Ocwen Financial Corporation, the company specializes in servicing residential mortgage loans. Its primary business involves managing loan payments, handling escrow accounts for taxes and insurance, and managing loss mitigation or foreclosure proceedings on behalf of lenders and investors. While not primarily a loan originator, its core function is the ongoing administration of existing mortgages.

Founded in

United States