PHH Arval Hosts Client Advisory Board Summit

Sparks, MD – November 8, 2010 – PHH Arval recently hosted a major summit of its Client Advisory Boards (CABs) in Sparks, Maryland. The CABs offer PHH clients an opportunity to share ideas, provide insight and feedback into the Company's initiatives, and influence key investment priorities. These Client Advisory Boards have been active in helping PHH Arval shape its priorities and currently include 82 clients from the United States and Canada.

This year, PHH Arval introduced its newest CAB: the Global Strategies Client Advisory Board. Formed in response to continued growth in the area of fleet globalization, this CAB focused its inaugural meeting on global manufacturing, green fleet options, reducing costs, and viewing and managing vehicle data globally.  Representatives of the PHH Arval Global Alliance from the United Kingdom, France, Mexico and Switzerland also attended.  After the inaugural meeting, Greg Asadoorian, director of global fleet for Invensys, a PHH Arval client, said, "I am now a member of PHH's Global CAB and was very impressed by its charter, direction and leadership."

PHH's other CABs include the Operational Excellence, Information Management & Technology, Driver Experience and Truck Advisory Boards. These boards spent two days analyzing everything from key service areas and metrics, to new technologies and pilot programs, driver communications and more. 

Gary Anderson, PHH Arval's senior vice president, business development, noted, "Our Client Advisory Boards are instrumental in ensuring that PHH stays aligned with the changing needs of our clients. The candid feedback we receive from clients helps us to prioritize our investments and also gives clients the opportunity to weigh in on projects that are currently underway.  Several of our products and services are a direct result of the dialogue and collaboration between PHH and the CABs."

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 five retail originators of residential mortgages in the United States1, 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 Web site at www.phh.com .