EXHIBIT 23.1


INDEPENDENT AUDITORS' CONSENT

We consent to the  incorporation  by reference in  Registration  Statement  Nos.
33-63627, 333-27715, and 333-45373 for PHH Corporation on Form S-3 of our report
dated  August 11, 1999 (which  expresses  an  unqualified  opinion and  includes
explanatory  paragraphs  relating  to the  restatement  related to the merger of
Cendant  Corporation's  relocation  business  and fuel  card  business  with the
Company  and  the  subsequent   divestiture  of  its  fleet  business   segment,
reclassifications  to conform to the  presentation  used by Cendant  Corporation
described in Notes 3 and 4 and presentation of the Company's fleet business as a
discontinued  operation as described in Note 4), appearing in this Annual Report
on Form 10-K/A of PHH Corporation for the year ended December 31, 1998.


Deloitte & Touche LLP

Parsippany, New Jersey

August 11, 1999