The Phoebus Residential Mortgage Module

Catering for traditional residential, buy-to-let and secured loans, this solution provides highly automated account servicing across all primary and special servicing activities.

The onboarding of accounts from third party systems is managed using the Phoebus originations and migrations API which has been developed to work with any originations platform to onboard individual accounts on completion, or whole portfolio’s from other account servicing platforms.

Equity Release
Allowing lifetime mortgage lenders to originate and service equity release loans to the specialist intermediary market. The solution uses specific equity release parameters and calculations for illustration and maximum borrowing functionality in conjunction with enhanced property information to assess and manage applications and accounts. In addition it has been enhanced for a lifetime mortgage marketplace to meet the sensitivity requirements of vulnerable clients often with complex legal requirements in terms of wills and power of attorney

First and Secured Lending
Catering for traditional residential, buy-to-let and secured loans, this solution provides highly automated account servicing across all primary and special servicing activities.

The onboarding of accounts from third party systems is managed using the Phoebus originations and migrations API which has been developed to work with any originations platform to onboard individual accounts on completion, or whole portfolio’s from other account servicing platforms.

The Phoebus platform also provides:

  • A mature and proven digital solution that assist in the migration of portfolios into and out of the platform.
  • An advanced customer portal that supports a range of configurable self-service functionality such as:

o A display of the customers and their contact details
o A display of the summary real time details of the account and recent transactions
o A display of the current know details of the security property
o The ability to view statements and letters to the client
o The ability to view and change their marketing preferences
o The ability to view and change their login, security and password details

Buy to Let Lending
Allowing lenders to originate and service individual and portfolio accounts in which the Phoebus exposure group functionality can be extensively used to manage risk and liability exposure across individuals, directors and portfolios

Servicing – System Functionality

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Case Studies

Case Study

A mortgage implementation involving the migration of a £4billion CHL mortgage book.

Case Study

Pure Retirement