Phoebus Software has joined the Equity Release Council as an Associate Member.

As part of its membership, the Council has invited Phoebus

Phoebus has worked in the equity release sector since 2007 and services over £20 billion of UK equity across some of the UK’s leading brands.

ERC membership cements Phoebus’s reputation as the most credible account servicing provider in this key market sector, and makes available its decades of equity release systems, processes, best practice and knowledge to the ERC and members.

Commenting on Phoebus’ membership of the ERC, Richard Pike, chief sales and marketing officer at Phoebus said: “We are proud that equity release has been a real focus area for our business for many years, and our significant investment in digitising loan servicing including equity release in our product offering alongside other residential and commercial lending products is a true reflection of this.

“We believe we will add value to the ERC and its membership and are delighted to have become members of this increasingly important and significant trade association”.

Name, title at Equity Release Council added: “Phoebus is a respected and highly recognised brand in the equity release market and its footprint both in terms of clients and market share is clear to see. We look forward to working with Phoebus as members of the ERC to ensure that our members gain as much benefit as possible from their experience in many mission critical areas of our sector”.

Phoebus’ recent investment in digitising servicing includes drawdowns and further advances which have been a major problem area for many lenders over the years. Automation of processes frees users to instead concentrate on cases that require personal attention. This maximises operational efficiency across portfolios of varying size and complexity, creating tangible return on investment for Phoebus clients.

Equity release clients also benefit from Phoebus’s API ecosystem which includes APIs to customer portals and originations platforms providing a truly seamless end-to-end customer journey. The Phoebus migration API allows clients who purchase assets to onboard books in a highly automated fashion. Using this unique technology, some clients handle migrations with no support from Phoebus resources, creating a significant cost-saving from other providers who have no migration capability – manual or otherwise.