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Phoebus Software to Supply IT for Exact Servicing Platform - 20/07/2009

Phoebus Software is supplying Exact with the IT platform for their newly launched Intelligent Mortgage Servicing system. Phoebus was chosen to build the bespoke servicing platform following a x-way pitch.

The Exact platform is built specifically to accommodate mortgage books from multiple lenders simultaneously, offering Exact the flexibility to stream borrowers and apply variable, TCF collections strategies.

Alan Cleary, managing director of Exact Mortgage Experts said, “The Phoebus platform was the best in the market – the fact they could build a system to our specific requirements and that they understand our business and our clients' needs helped them stand out from the crowd.”

“We were delighted to be given the chance to work with Exact,” said Paul Hunt, managing director of Phoebus Software, “Their management team is renowned in the mortgage market for being technology focused and ahead of the game with their IT. Exact wanted some innovative features from their servicing platform – after working with them to ensure we understood their needs properly, we're pleased we've been able to deliver the servicing platform they were looking for.”

The Exact deal comes on the back of Phoebus winning a contract to help CapQuest with its IT earlier this year.

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