Sell your loans to Fannie Mae and the Mortgage Servicing Rights to PHH Mortgage concurrently with Fannie Mae’s Servicing Marketplace (SMP).
Once activated, you’ll gain access to Fannie Mae’s Seller Marketplace where you can request a partnership with PHH Mortgage. Working within the SMP structure allows for increased transparency and operational efficiency through an easy-to-use interface. Working with PHH Mortgage means competitive pricing, seamless transfers, and flexible purchasing options.
Additional Benefits of Choosing PHH
No Minimum Delivery Requirements
Unlike many of the other servicing buyers on the SMP, PHH has no minimum delivery requirements.
Dedicated SMP Client Team
Your team at PHH will be a valuable asset throughout the selling process, providing intrinsic support and guidance.
Live SRP Grid utilizing SMP rate sheet format
Lock in servicing release premium (SRP) at the time of commitment.
Trades of Any Size
All-in funding for the loan and servicing asset at the same time!
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.
PHH Mortgage will then send you an invitation to the Box, the preferred method for delivering images and supplemental loan data. Review the
Box Guide to learn more about Box, file type guidelines, and the required documents you will need to provide.
Sellers can use any of the custodians approved by FNMA. Please review the approved custodian list. If you wish to add a new custodian, please contact your FNMA Representative to find out how.