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 £70 billion.

This growth has been achieved during a significant period of investment in the Phoebus digital and ecosystem strategies.

PSL has made investment in its award-winning originations API which enables lenders to seamlessly on-board mortgages from any originations’ platform. This means PSL clients can choose to make a true ‘best of breed’ choice for both their originations and servicing end-user experience.

Other major investments include the Phoebus’ self-service portal which allows borrowers to digitally self-serve their mortgage accounts, putting them in control and helping to stem the flow of calls and correspondence into client 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 through our ecosystem and digital deliveries we can only see more successes in the future. Our continued investment in our products will ensure Phoebus remains at the forefront of market requirements and we look forward to announcing several new initiatives over the coming months.”