Following the sustained growth of Phoebus Software Limited (PSL), the balances of loans and savings serviced on the Phoebus servicing platform have now increased to over £60 billion.

PSL has invested significantly in API technologies and most significantly in its migration and originations API. This API allows the on-boarding of mortgages either by portfolio or individual completions from third-party systems. This has been a significant investment by PSL to ensure the API is one of the most robust in the industry, as it is now being used by several clients to grow their businesses.

This investment in APIs is an integral part of PSL’s digital strategy. It follows the launch of PSL’s Mortgage Self-Servicing last week, which created the capability for borrowers to digitally self-serve helping to stem the flow of calls into lenders’ call centres.

Commenting on this milestone for the PSL business, Richard Pike, Sales and Marketing Director says, “We continue to grow both organically and in new business wins. The Phoebus product suite is renowned both in terms of functionality and stability and we can only see more successes in the future. The continued investment in our products will ensure Phoebus remains at the forefront of market requirements and we look forward to announcing several other initiatives over the coming months.”