DENVER, Feb. 16, 2017 /PRNewswire/ -- LenderLive Network, LLC ("LenderLive"), a leading mortgage services provider, announced today that it has reached a definitive agreement with PHH Mortgage Corporation ("PHH") to assume its private label fulfillment operations in Jacksonville. In late 2016, PHH announced that it would exit the private label fulfillment business, and this agreement is expected to facilitate a smooth transition for both PHH employees and clients. All the appropriate parties, including the board of directors of PHH and LenderLive, have approved the agreement. The deal is expected to close by the end of the first quarter of 2017, as it is subject to certain regulatory requirements. At that time, the transitioning associates will become LenderLive employees and the operations center in Jacksonville will be rebranded as LenderLive.