SPARKS, MD - PHH Arval has been named as a finalist in two categories of The American Business "Stevie" Awards -  "Most Innovative Company of the Year" and "New Product or Service of the Year" for PHH Connect, its mobile application for fleet drivers.  

"It's an honor to be ranked among the top companies in both categories," said Tom Keilty, chief operating officer, PHH Arval.  "We are committed to using innovative technology and the expertise of our people to enhance customer service and productivity for both our clients and their employees who drive company vehicles. It's rewarding to be recognized for this by such a prestigious business awards program."

"Most Innovative Company of the Year"  
PHH's wide range of innovations have led to the company's reputation as a leader in the fleet industry. These include its unique Innovation Center, a dedicated research and development team that prototypes and pilots the next generation of innovative fleet applications; PHH Connect, the fleet industry's first mobile application; Rally to ResultsSM Advantage Dashboard, a cutting-edge tool focused on process improvements that are important to PHH clients; PHH Onboard® telematics service, recently enhanced with greater functionality; North American Vehicle Ordering, the first  fully integrated North American technology platform for ordering fleet vehicles from the manufacturers; and PHH GreenFleet® Driver Training, an online training program for fleet drivers to help them in a more environmentally-friendly way.

"Best New Product or Service of the Year"
PHH Connect is the fleet management industry's first mobile application for fleet drivers (sales and service personnel who are driving company vehicles). This unique service runs on BlackBerryÒ, Apple® iPhone, Android^TM and Windows Mobile® devices. Using their mobile devices, fleet drivers have immediate access to various PHH services and call centers, including help with accidents, maintenance, and other transactions. The most recent enhancements allow drivers to report mileage from their mobile devices - improving productivity and customer satisfaction.

The American Business Awards is the only national, independent business awards program honoring organizations of all types - public and private, for-profit and non-profit, large and small. This year's Stevie Award winners will be announced during the annual gala on Monday, June 21 at the Marriott Marquis Hotel in New York City.  More than 600 executives from across the U.S.A. are expected to attend.

About PHH Arval
PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH <http://www.phh.com> ], 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 <http://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.