Skip to main content

PHH Mortgage Names New Head Of Correspondent Lending

Navi Persaud
Mar 29, 2021
PHH Mortgage Logo

Photo of Andy PeachPHH Mortgage, a subsidiary of Ocwen Financial Corporation and a non-bank mortgage servicer and originator, named Andy Peach as the company's senior vice president, correspondent lending.

In his role, Peach will be responsible for leading PHH’s growing correspondent lending business and will report directly to George Henley, Ocwen’s chief growth officer. The company’s correspondent lending business experienced significant growth since its launch in 2019. In the fourth quarter of 2020, the channel generated $2.6 billion in volume, a 34% increase from the prior quarter. The channel nearly tripled its seller base at the end of 2020, compared to the prior year and continues to add new correspondent sellers.

Peach joins PHH from Mr. Cooper, where he served as senior vice president, correspondent sales. Over his 30-year career, he held a series of leadership positions including president and CEO at Waterstone Mortgage, and managing director and chief production officer at Pacific Union Financial responsible for all sales and operations for the company’s correspondent, wholesale, retail and consumer-direct channels. Prior to those positions, he held senior positions at JP Morgan Chase, Aurora Loan Services and Bank of America.

Published
Mar 29, 2021
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022
Ohio Couple Sues Mr. Cooper Unit Over Loan Modification Denial

Seek class action status over denial of COVID-19

Industry News
Dec 01, 2022
Ready Life Changing The Homebuying Narrative

CEO says that the credit score system is an out-of-date barrier to people of color

Industry News
Nov 30, 2022
Title Business Takes Center Stage

Business turning into a hot topic with proposed changes

Industry News
Nov 30, 2022