PHH Arval introduces additional enhancements to PHH InterActive

March 19, 2008 - PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], has announced additional enhancements to its award-winning client website, PHH InterActive. Developed in response to input from PHH’s Client Technology Advisory Board, the enhancements are designed to provide productivity improvements for managers using the site:

• Screen Capture. Clients now have the ability to easily copy information from one part of PHH InterActive and use it on other parts of the site, eliminating the need to write down notes or navigate back and forth between screens. Users have reported both time savings and greater efficiency.
  
• Time Out. This new warning signals users when they are about to be timed out from PHH InterActive so they can re-activate their sessions.

These productivity enhancements are the latest in a series of initiatives to enhance PHH’s technology capabilities in ways that make information management easier and more intuitive. PHH InterActive is a significant repository of fleet information with over three terabytes of data covering all aspects of fleet business. The site offers more than 130 standard reports for detail and summary reporting, contains industry-leading dashboards for at-a-glance information management, and makes it easy to generate custom reports for specific needs. Last month, PHH Arval introduced “Find a Report” to the site and improved its PHH News section, additions that users have called “real productivity boosts” that make it easier to access the information that’s most important to them.

About 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