PHH Corp., best known for originating mortgages behind the scenes for household names like Charles Schwab Corp. [SCHW] and Merrill Lynch [BAC], plans to expand other home lending channels as industrywide volume tanks.
The Mt. Laurel, N.J., company said Monday that this year it is looking to do more business through mortgage brokers, correspondents and its partnership with Realogy Corp., which owns the Century 21 and Coldwell Banker real estate brokerage franchises.
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