First Trade Union Bank Partners With PHH Mortgage

First Trade Union Bank has selected PHH Mortgage, a subsidiary of PHH Corp., as a strategic outsourcing partner for its mortgage loan origination and servicing business.

Within the private-label relationship, PHH Mortgage will provide the back-end platform, technology and expertise to the First Trade Union Bank mortgage sales force, the companies state. PHH employees will perform all loan processing, underwriting and closing in the name of First Trade Union Bank.

Sources: First Trade Union Bank, PHH Mortgage


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