The Specialist Lending division of top ten building society, The Derbyshire, has selected Phoebus Software’s ‘Commercial’ package for the origination and servicing of its commercial mortgage portfolio, delivered initially through the “Salt Commercial” brand. The Phoebus installation will enable brokers to conduct their business with Salt Commercial, including proposal submission and case tracking, using the Web as well as introducing document imaging technology. Salt Commercial is installing Phoebus version 7, which increases speed of data input and retrieval. Its unique tree view of a customer account, which visually portrays the relationship of data, will give Salt Commercial instant access to all customer related information for both interrogation and update purposes.
The Derbyshire’s Specialist Lending Director, Brian Carney, said, “We conducted a comprehensive review of potential systems last year and were very impressed with Phoebus ‘Commercial’ during extensive trials. Our criteria for choosing a system were very stringent – we needed quality software that was both scalable and easily adaptable, and all from a supplier prepared to partner with us for the long term. Phoebus fitted all the criteria. Their system is robust and well respected in the market place, meets all our business needs and, even more importantly, can be adapted easily to accommodate new products. We have been very impressed with the business knowledge and expertise of the Phoebus staff. We view Phoebus as a long term partner for Salt Commercial and look forward to a long and mutually beneficial relationship.”
Phoebus Software’s Managing Director, Robert Lintonbon, said, “We are very pleased to welcome The Derbyshire as a client, and are proud of the fact that the Phoebus Software system is recognized as having a first class commercial mortgage module. Our transparent software fee was also of significant interest to Salt Commercial. New enterprises such as Salt Commercial like the fact Phoebus ‘Commercial’ cost is relative to loan book size, meaning software acquisition costs can be swiftly recouped. Our growing client list is a testament to the fact our software is increasingly providing lenders with an attractive and sensible pricing option which meets existing needs and encourages product innovation.” |
