Yes, PHH remains fully active and operational within the American mortgage industry, though its customer-facing branding has transitioned. While PHH Mortgage Corporation operated for decades under its standalone historic name, the enterprise was acquired years ago and subsequently integrated into the corporate structure of Onity Group Inc. As part of an ongoing multi-year brand unification strategy, the company formally initiated the process to rebrand PHH Mortgage under the unified Onity Mortgage name, continuing to service millions of residential loans nationwide.