PHH Corporation provides business process management services for the mortgage and fleet industries in the United States and Canada. Its Mortgage Production segment provides private-label mortgage services to financial institutions and real estate brokers; originates, purchases, and sells mortgage loans; offers appraisal, credit research, flood certification, and tax services. Its Mortgage Servicing segment engages in collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors. This segment also offers mortgage reinsurance to third-party insurance companies; and purchases mortgage servicing rights and acts as a subservicer for clients that own the underlying servicing rights. The company’s Fleet Management Services segment provides mortgage reinsurance fleet leasing and fleet management services, including vehicle leasing, fleet policy analysis and recommendations, benchmarking, vehicle recommendations, ordering and purchasing vehicles, and arranging for vehicle delivery and administration of the title and registration process, as well as tax and insurance requirements, pursuing warranty claims, and remarketing used vehicles; vehicle maintenance service cards to facilitate payment for repairs and maintenance; accident management services; and fuel card programs that facilitate the payment, monitoring, and control of fuel purchases to corporate clients and government agencies. As of December 31, 2011, the company had approximately 270,000 vehicles leased consisting of cars and light-duty trucks, medium and heavy-duty trucks, trailers, and equipment; and approximately 300,000 additional vehicles serviced under fuel cards, maintenance cards, and accident management services arrangements. PHH Corporation was founded in 1946 and is headquartered in Mount Laurel, New Jersey.