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Co-Issue / Bulk MSR

All delivery methods. All major products. Trades of any size. 

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PHH provides predictable liquidity to help our clients manage cash flow. Our Capital Markets team delivers competitive bids on MSR assets you don’t wish to retain – all without competing for your customer. Highlights include:

  • Fannie Mae, Freddie Mac, FHA, VA and USDA product availability
  • All delivery methods: Bulk trades, monthly flow business
  • Trades of any size: Performing and DQ Books, Bulk ($500M to $10B+), Flow (up to $ 1B per month)
  • Competitive MSR Valuation Grids
  • Highly experienced team to manage your deliveries

FNMA Servicing Marketplace (FNMA SMP)

Sell your loans to Fannie Mae and the Mortgage Servicing Rights to PHH Mortgage concurrently. Sellers can request a relationship with PHH Mortgage and once a contract is executed, deliveries to FNMA with PHH as the servicer can begin. Learn and get step-by-step instructions.

Seller Setup and Delivery

  • After you request to partner with PHH Mortgage within the SMP site, a Purchase and Sale Agreement (PSA) will need to be executed. Your PHH Account Manager will set up a call to review the program with you.
  • Follow the PHH Servicing Transfer Instructions. 
  • Sellers will upload the initial document package (all credit and servicing documents) through FNMA Easy Transfer. Review the Easy Transfer Guide to learn more about document upload through FNMA.
  • Sellers will upload all final documents (Title Policy, Recorded Mortgage, etc.) through the PHH Post Closing Application (PCA). Review the PCA user guide to learn more about uploading final documents to PHH.
  • For additional information regarding the program please send your questions to: FNMASMPSellerSetup@phh.com