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PHH Mortgage Utilizes UTLS Technology Service's BackInTheBlack(R) Solution for Streamlined Home Affordable Modification Program (HAMP)

With the BackInTheBlack® solution in place, PHH Mortgage will benefit from having a seamless, web-based workflow application for managing the HAMP process and providing automated decisioning and workflow to increase accuracy and efficiency. Additionally PHH Mortgage will utilize the complete HAMP workflow "Out of the Box" solution, including guidelines, eligibility, NPV/IR2 integration, automated waterfall calculation, a dynamic document generation preconfigured with all HAMP documents and XML upload to Fannie Mae's HSSN system.

"PHH Mortgage is excited about this alliance with UTLS Technology Services," stated Martin Foster, senior vice president of servicing. "Aligning our products and services with premier mortgage servicing providers such as UTLS Technology Services is what our clients have come to expect from PHH Mortgage. We continually strive to provide exceptional solutions and are certain the Loss Mitigation service via UTLS's BackInTheBlack® HAMP workout is the most efficient."

"Streamlining the HAMP process in an effort to reduce time and cost were major factors as to why PHH Mortgage has chosen the BackInTheBlack® HAMP solution," said Patrick Kopins, President of UTLS Technology Services. "Through BackInTheBlack®, PHH will have a holistic approach to performing HAMPs, utilizing a more accurate and effective methodology made available through the collaboration we have done with Fannie Mae and have translated into our decisioning, calculations and rules engine.

About UnitedTech Lender Services, Inc.

UnitedTech Lender Services, through its subsidiaries UTLS Default Services, UTLS Technology Services and UTLS Consulting Services, provides lenders, servicers and the mortgage industry throughout the United States with a wide array of default loan servicing solutions. By blending service capabilities with the BackInTheBlack® technology, the UTLS companies offer the mortgage industry the best and most integrated default, technology and consulting solutions in the marketplace. The UTLS companies continue to expand their client base with offices in California, Texas and Maryland.

The UTLS family of companies has relationships with the nation's top mortgage banks. With proven business expertise and a national reputation as a leading mortgage service provider, the UTLS companies have strategic alliances with many of the mortgage industry's key players, including Fannie Mae. UnitedTech Lender Services is a member of the Mortgage Bankers Association of America.

About UTLS Default Services

Headquartered in Orange County, California, UTLS Default Services provides end-to-end default loan solutions to lenders and servicers throughout the default loan cycle. UTLS Default Services understands the need for reliable and flexible servicing solutions, and offers all aspects of the loan process, from title services and valuations to junior lien protection services including complete loss mitigation and foreclosure trustee services.

About UTLS Technology

UTLS Technology Services provides web-based business solutions for the mortgage servicing industry. By implementing BackInTheBlack®, the industry's first fully functional, loss mitigation solution native to the internet, UTLS assists mortgage servicers reduce servicing costs, increase productivity, and manage compliance risk. As a value-added services provider, UTLS enables its clients to leverage tier-one business applications, powerful corporate computing solutions, and the latest database and internet technologies without prohibitive in-house technology costs. UTLS's "hosted" delivery model relieves clients from the difficulty of upgrading and managing new technology with in-house IT staff.

Further information regarding the UTLS family of companies can be found at: http://www.utls.com

About PHH Mortgage and 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 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 their website at http://www.phh.com/

(1) Inside Mortgage Finance, copyright 2010

    Media Contact at PHH:
    Karen McCallson, Vice President / Public Relations
    856-917-8679
    karen.mccallson@phh.com

    Stephen Weaver                        Laura Marsh
                                           Vice President, Marketing &
    EVP, General Counsel                   Communications
    Phone: (949) 885-4500                 Phone: (949) 885-4500
    sweaver@unitedtechls.com              lmarsh@unitedtechls.com

SOURCE UnitedTech Lender Services, Inc.