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PHH Corporation's mortgage and vehicle management subsidiaries provide outsourced services to corporate customers. PHH Mortgage, previously operating as Cendant Mortgage, is one of the top ten retail originators of residential mortgage loans in the United States¹. The fleet management business, PHH Arval, is the second-largest provider of commercial fleet management services in the United States and Canada². Founded in 1946 by Duane Peterson, Harley Howell, and Richard Heather, PHH Corporation began by creating the industry's first financial lease program, and continues to be an innovation leader. The company was re-established as an independent, publicly-traded company with the January 2005 spin-off from Cendant Corporation. PHH Mortgage is the industry's leading provider of private label mortgage services and the top originator of mortgage loans by phone. The company is a full-service lender and leader in relationship-driven mortgage banking which operates in all 50 states. Homebuyers are able to take advantage of the company's innovative, seamless pre-approval mortgage application platform coast to coast. PHH Mortgage provides: Full-service capabilities for originating, processing, closing and servicing loans More than 200 different mortgage products Twenty-minute single session home loan approvals on the Internet or by phone One of the industry's strongest rate protection programs Outsourced, private label mortgage services to real estate brokers, financial institutions, affinity groups, credit unions, corporations, and government agencies. More information about this business platform is available at www.PHHMortgageSolutions.com. PHH Arval is an industry leader in outsourced fleet management services for corporate clients and government agencies throughout the United States and Canada. In conjunction with strategic marketing partners, PHH Arval is also able to provide services throughout the world. Clients benefit from advanced technology, consultative customer service, and fully integrated services. PHH Arval provides: Vehicle leasing Consulting, benchmarking, fleet policy analysis, and vehicle recommendations Vehicle acquisition and delivery Title and registration administration Maintenance, fuel, and vehicle accident services Used vehicle remarketing Internet-based fleet information management and reporting ¹ Inside Mortgage Finance, copyright 2006²Automotive Fleet Fact Book, copyright 2006 Home | Investor Relations | Social Responsibility | Contacts | Privacy Policy | Terms of Use | Email Attachment Policy