PHH Corporation announced that Stephen Staid has joined the company as Senior Vice President, Servicing. Staid will report to President and CEO Glen Messina and succeeds Marty Foster, who is retiring from the company after 20 years of service. Foster is expected to remain with PHH until the second quarter of 2017 to assist with the transition. Staid has 25 years of experience leading loan servicing and customer service operations at a number of prominent financial services firms. Since 2015, he served as the President of SEMS, LLC where he advised financial services companies on a range of matters related to mortgage origination and servicing and driving operational efficiency.