Money Partners Limited (MPL) has recently launched within the
specialist lending mortgage sector.
MPL has chosen Phoebus Software Limited for their core
processing system. Richard Davis, IT Director of MPL
said ‘Phoebus is our chosen supplier of Originations
software; which includes our web based front end and
the main Originations workflow system. Both the product
and the company meet our demands for functionality,
flexibility, scalability and speed of response.
Several factors led MPL to choose Phoebus over its
competitors. MPL were impressed with Phoebus’
ability to meet their existing business requirements
and cater for additional changes in a very short timeframe.
Richard cites the product’s flexibility as an
important factor in this decision – Phoebus can
rapidly be tailored to cater for new product launches
and new Operational workflows. The product also supports
the selling of ancillary products such as insurance.
Through Phoebus, MPL offers a full suite of compliant
sales tools including the FSA compliant Key Facts Information
quotations as part of the web based functionality.
The product features a mature workflow capability, which
is based on Phoebus’ several years experience
with providing loan servicing platforms, which means
that MPL was able to implement effective controls and
procedures for the launch of the business in November
2004. The system provides criteria checking, audit trails,
document, letter and quotation version controls at relevant
stages of the underwriting process - a key MPL requirement
in an increasingly regulated market. The emphasis on
controllership is further augmented by a comprehensive
suite of reports covering many aspects of the originations,
funding and regulatory reporting responsibilities.
Phoebus is a fully integrated multi-company, multi-currency
banking system. Its customers use Phoebus for residential
and commercial mortgages (origination and servicing)
and retail banking business. Its functionality covers
the following areas: fixed/notice deposits, current
accounts, secured lending, HP and leasing, bank lending,
treasury, revolving credit e.g. credit cards, securitisation,
asset management, residential development finance, ledgers
– general, fixed asset, sales, purchase.
To find out more about Phoebus contact Paul
Hunt on 0121 712 1886.
|
