The Mortgage Record
Lender report card · New Jersey

Phh Mortgage Corporation

West Palm Beach, FL · What the federal mortgage record shows about how Phh Mortgage Corporation treated New Jersey applicants, 2018–2025 — 4,822 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
34.6%
1,669 approved
Denial rate
65.4%
3,153 denied
Decisions
4,822
2018–2025
Avg. rate spread
+0.56 pp
vs. market benchmark
34.6% approved
65.4% denied

Share of 4,822 New Jersey applications Phh Mortgage Corporation approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional34.9% of 4,054 · NJ 87%FHA30.0% of 651 · NJ 79%VA49.6% of 117 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

18%34%50%66%82%35%23%21%36%45%57%69%81%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Phh Mortgage Corporation’s rates ran +0.26 pp higher than the typical New Jersey lender (average rate spread +0.56 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Phh Mortgage Corporation approves

By income
Under $50k17.8% · 516$50–75k29.5% · 779$75–100k32.1% · 806$100–150k38.8% · 1,188$150–250k42.5% · 955$250k+32.9% · 325
By debt-to-income
Under 36%35.4% · 1,77836–43%44.4% · 88043–50%44.6% · 1,018Over 50%9.3% · 895
By down payment (LTV)
20%+ down35.0% · 3,83310–20% down26.2% · 2485–10% down35.7% · 1153–5% down46.3% · 41Under 3% down36.4% · 55

Why Phh Mortgage Corporation denied applications

Incomplete application58% of denialsDebt-to-income ratio17% of denialsCollateral (value/type)13% of denialsCredit history10% of denialsUnverifiable information6% of denialsOther5% of denials

Where Phh Mortgage Corporation lends in NJ

CountyDecisionsApproval
Bergen County44633.0%
Middlesex County42831.5%
Burlington County39136.8%
Essex County39026.2%
Monmouth County37639.9%
Ocean County37036.5%
Camden County33339.6%
Union County26932.3%

Fees & closing costs

Median total loan costs
$5,205
home purchase
As % of loan
2.44%
NJ median 1.93%
Priced originations
98
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Phh Mortgage Corporation’s home-purchase originations — 0.50 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $250. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Phh Mortgage Corporation (LEI PAOOWF3GUFM46FBSP561). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →