PHH GreenFleet to leverage telematics data to reduce greenhouse gas emissions

March 11, 2008 -  PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is bringing the power of telematics to PHH GreenFleet to deliver powerful results in reducing greenhouse gas emissions. Increasingly, fleets are seeking ways to reduce their carbon footprints – and telematics is the next major tool in the fight against global warming.

The PHH GreenFleet program has helped fleets reduce emissions by an average of 14%. The newest innovation of the program is to use data from PHH Onboard, PHH’s telematics-powered service, to help companies further drive down their emissions. Using data captured from the telematics device in each vehicle, PHH GreenFleet has the ability to:

• Monitor and impact driver behavior, such as speeding, idling, and unauthorized use –
  all of which contribute to greater gas consumption.
  
• Monitor engine performance to make sure the vehicle is operating efficiently

Based on results being achieved by PHH Arval client who utilize the telematics-powered service, PHH Onboard has the potential to reduce fuel costs by up to 10%, idling time by up to 25%, and unauthorized use by up to 100%. In addition to the environmental benefits of using less fuel, it also has a positive impact on operating costs.

According to Karen Healey, Director of PHH’s green initiatives, “PHH GreenFleet and PHH Onboard together provide clients with practical tools to measure greenhouse gas emissions, impact driver behavior, enforce policies that lead to lower fuel consumption, and maintain vehicles for maximum fuel efficiency. We are excited about the synergies that have developed between these two ground-breaking products.”

PHH Arval
PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies. Through consultative expertise, flexible customer service, and award-winning internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH.

About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the Company and its subsidiaries, please visit our website at www.phh.com.

(1) Inside Mortgage Finance, Copyright 2007