Onity Group Inc.

Onity Group Inc. is a leading non-bank financial services company, providing comprehensive mortgage servicing and origination solutions. Established in 1988 and headquartered in West Palm Beach, Florida, the company's mission is to empower consumers and business clients in achieving their homeownership and financial objectives through a technology-enabled, customer-centric platform.

Through its primary operating subsidiary, Onity Mortgage Corporation (formerly PHH Mortgage Corporation), Onity Group offers a diverse array of services. These include residential and commercial mortgage loan servicing, special servicing, and asset management. The company provides various loan products such as conventional, FHA, VA, and reverse mortgages, alongside refinancing options. Additionally, it offers subservicing, correspondent lending, and MSR/Co-Issue services to business clients and investors.

On March 23, 2026, PHH Mortgage Corporation officially rebranded as Onity Mortgage Corporation, aligning its brand with the parent company, Onity Group Inc. Led by Chair, President, and CEO Glen A. Messina, Onity Group is recognized as a top 10 non-bank mortgage servicer, supporting 1.4 million customers, 3,000 investors, and over 100 subservicing clients. The company has recently been involved in settlements, including a $1.5 million class action settlement in March 2026 regarding alleged misleading default notices and a $3.465 million settlement with HUD in January 2025 concerning unlawfully charged fees. Onity Group (NYSE: ONIT) reported $17.3 billion in revenue over the twelve months ending March 23, 2026.