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Press release from PR Newswire

Innovative Funding Services Teams Up with PHH Arval

Wednesday, May 02, 2012

Innovative Funding Services Teams Up with PHH Arval10:00 EDT Wednesday, May 02, 2012AUSTIN, Texas, May 2, 2012 /PRNewswire/ -- Innovative Funding Services (IFS) has teamed up with PHH Arval, one of the premier fleet management companies, which provides services to nearly one third of the Fortune 500 companies.  PHH will offer IFS as a potential funding source for its clients' employees wishing to purchase their fleet vehicles.Dan Craney, PHH Arval Manager for Vehicle Remarketing said, "IFS provides a high level of service that mirrors our corporate strategy of providing a flawless customer experience. It's critical to work with those that can move quickly, provide flexibility and ensure the title work and documentation is correct. With IFS, we are confident it will be done right." Craney continued, "In this challenging economy, we believe buyers will appreciate the quick transaction funding that IFS provides." Tim Janssen, President of IFS said, "Teaming up with PHH Arval reaffirms the value IFS can provide to fleet lessors when remarketing their vehicles. By providing more options to fleet clients and their employees PHH Arval is expanding the depth of their client relationships and that's a win-win for everybody. Purchasers of these vehicles want personal service, a convenient process and often 100% financing, all aspects of the program we provide." Janssen continued, "With the changing dynamics in the lending arena, we have a cutting edge approach to fleet financing that's often unique in the industry today. Technology moves quickly, and IFS works hard to stay ahead of the curve to continually improve our processes and keep customer service at optimal levels." IFS also offers one-stop shopping for fleet customers and partners with top-ranking national lenders to give customers exceptional financing options. The IFS financing process is almost seamless for the customer and provides a fresh, streamlined approach to fleet financing.  In addition to individual loans, IFS also offers commercial loans. By working together, IFS and PHH Arval helps buyers get quality vehicles and an easy, streamlined financing option.About PHH ArvalPHH Arval, a subsidiary of PHH Corporation (NYSE: PHH), is a leading fleet management services provider in the United States and Canada. PHH Arval provides fleet management solutions to a broad range of industries and has a client base that includes nearly one-third of Fortune 500 companies. Through consultative expertise, flexible customer service, and innovative technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800 ONLY PHH.About IFSIFS partners with lessors, fleet management companies, and other organizations to provide efficient employee sales programs with full credit spectrum financing and one stop shopping from financing to quick perfection of title work. For more information call 512-336-8700 or visit www.ifs4u.com.SOURCE Innovative Funding ServicesFor further information: Mark R. Dubis, +1-216-712-6712, mdubis@ifs4u.com, or Heather McElrath, +1-856-917-7628, heather.mcelrath@phh.com