Carver Bancorp (CARV) Selects PHH Mortgage as Strategic Outsourcer for Retail Mortgage Business
Carver Bancorp (Nasdaq: CARV) announced that it has selected PHH Mortgage, a subsidiary of PHH Corporation (NYSE: PHH), as a strategic outsourcing partner for its mortgage loan origination and servicing business.
PHH Mortgage is the industry's leading provider of private label outsourcing for bank-owned mortgage companies. Within the private label relationship, PHH Mortgage will provide the back-end platform, technology, and expertise to the Carver Bank mortgage sales force. The end-to-end mortgage experience will seamlessly promote the Carver Bank brand in all customer communications, loan packages, and Internet.
Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.
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