EXHIBIT 23.1


INDEPENDENT AUDITORS' CONSENT


We consent to the  incorporation  by reference in  Registration  Statement  Nos.
33-48125,33-63627,  333-27715 and 333-45373 for PHH  Corporation  on Form S-3 of
our report dated March 27, 1998, appearing in this Annual Report on Form 10-K of
PHH Corporation for the year ended December 31, 1997.






DELOITTE & TOUCHE LLP


Parsippany, New Jersey
March 30, 1998