White Label Loans, the new status secured loans lender, has implemented Phoebus Software's 'Residential' package for the origination and servicing of its second mortgage portfolio. Key to the White Label business model is web facilities for brokers, including credit agreement production, case tracking, DIP and AVMs.
White Label Managing Director, Kam Sanghani, said "We chose the Phoebus system over its competitors because it is such a flexible system, which was swiftly adapted to suit our needs. Their workflow module allows us to grow our portfolio without a corresponding growth in staff costs. All their staff have excellent knowledge of the lending and IT businesses. They have excelled and this has been both the smoothest and fastest implementation of an IT system that I have known."
Phoebus Software's Managing Director, Robert Lintonbon, said, "We are very pleased to welcome White Label as a client. Once again, our reputation for speed of delivery and quality software has resulted in another sale. Our rental fee option to the acquisition of our software, related to loan book size, means White Label's software acquisition costs can be swiftly recouped. Already in 2008 we have seen significant growth in our client base; our product suite is providing lenders with market leading systems that enable their business to grow and expand. We are proud to be associated with such a high profile start up as White Label." |
