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 October 22, 1998,  (which expresses an unqualified  opinion and
includes explanatory  paragraphs relating to the restatement described in Note 3
and  restatement  related  to the  merger of  Cendant  Corporation's  relocation
business with the Company and  reclassifications  to conform to the presentation
used by Cendant Corporation described in Note 4) appearing in this Annual Report
on Form 10-K/A of PHH Corporation for the year ended December 31, 1997.


DELOITTE & TOUCHE LLP


Parsippany, New Jersey
October 22, 1998