Northfield Bank Selects PHH Mortgage as Strategic Partner for Retail Mortgage


WOODBRIDGE, N.J., April 14, 2010 (GLOBE NEWSWIRE) -- Northfield Bank today announced that it has selected PHH Mortgage, a subsidiary of PHH Corporation (NYSE:PHH), as a strategic partner for its mortgage loan origination and servicing business.

Kenneth Doherty, Northfield Bank's executive vice president and chief lending officer stated, "Partnering with PHH will allow us to offer our customers faster approvals, streamlined documentation requirements, and 24-7 access to their loan processing status. Additionally, customers will have the ability to initiate a loan application online at www.northfieldbankmortgage.com or by phone at (877) 231-5236."

"PHH Mortgage is pleased to provide Northfield Bank with a fully integrated, end-to-end, mortgage platform, which will help to deliver a best in class mortgage program consistent with its customer value proposition, and create long term competitive advantage," said Bob Andwood, PHH Mortgage's senior vice president of Private Label Solutions.

About Northfield Bank

Northfield Bank, founded in 1887, operates 18 full service banking offices in Staten Island, New York, Brooklyn, New York and Middlesex and Union counties, New Jersey. For more information about Northfield Bank, please visit www.eNorthfield.com.

About PHH Mortgage

PHH Mortgage, a subsidiary of PHH Corporation, is a private label outsourcing company that provides cost-effective mortgage solutions for financial institutions, real estate brokers, and government agencies. The company provides full-service capabilities for originating, processing, closing and servicing mortgage loans. PHH Mortgage has more than 20 years' experience in providing trusted, credible solutions for clients. For more information about PHH Mortgage, please visit www.phhmortgagesolutions.com.

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 States(1), and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For more information about PHH Corporation, please visit www.phh.com.

(1) Inside Mortgage Finance, copyright 2010



            

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