Castle Trust appoints Phoebus Software for mortgage servicing solution

18 October 2017

Following the signing of a five year contract, Phoebus Software Ltd (PSL) has completed the migration Castle Trust’s mortgage book onto the Phoebus cloud based mortgage servicing solution. The migration includes buy-to-let and limited company loans with products that feature rolled up interest.

The implementation has significantly reduced the time it takes Castle Trust to service certain areas of its operations, automating several key tasks that previously required manual intervention. For example, Phoebus workflow now produces redemption quotes and annual statements within seconds, where product complexity in these areas previously made them labour intensive.

Richard Pike, PSL’s sales and marketing director, says“Castle Trust is an innovative, growing lender that required a new platform that could automate some key areas, but also required financial accuracy from the system. Phoebus has achieved these goals whilst also providing high quality, efficient servicing activities in more standard areas. Both teams have worked excellently together on the project culminating in an accurate migration over a weekend. We look forward to assisting Castle Trust in achieving their future business aspirations over the course of our relationship.”

Barry Searle, Chief Operating Officer at Castle Trust says, “Castle Trust is certainly not a standard lender – our portfolio includes bespoke loans, with rolled up and serviced interest. So, it was important to find the right servicing partner and we compared a number of different providers before concluding that Phoebus was best equipped to meet our requirements. We worked closely with the team to implement the system and we are delighted that everything is now in place to help us provide even better service to our clients.”

 

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For further information please contact:

Name:                  Debbie Staveley, bClear Communications

Telephone:         0771 896 8434 (m) or 01275 542511 (d)

E-mail:                 debbie.staveley@bclear.co.uk

 

NOTES TO EDITORS

Phoebus Software Limited (PSL) was founded in 1989 and became fully independent in 1997. The Phoebus solution is a multi-channel, multi-product and multi-currency banking, lending and deposits solution. The solution features marketing leading functionality encompassing originations, primary and special servicing, general ledger, treasury and securitisation. The solution offers high automation to organisations through an integrated workflow solution.

Today, PSL has over 22 clients in the UK and over £28bn in assets managed on the Phoebus solution.

For any further information on Phoebus, commentary on the business or its activities please contact:

Richard Pike, sales and marketing director on: 07976 561011 or by email at: rp@phoebussoftware.com

 

Media contact

Debbie Staveley
Director and Owner,
bClear Communications

Telephone
+44 (0)1275 542 511

Email

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