Phoebus upgrades SaaS mortgage servicing technology

By Gloria Methri

Phoebus has launched its next-generation cloud-native Software-as-a-Service (SaaS) mortgage servicing platform, following its multi-million-pound investment in new technology.

The investment brings new capabilities to its technology, taking mortgage servicing to the next level. Phoebus has transformed how the system can service all types of lending as well as savings and deposit-taking.

The new technology builds on the accurate, scalable, and robust calculation engine for which Phoebus is known. It adds a level of authentication and security, and even more open microservice application programme interfaces (APIs).

The APIs will help Phoebus’ clients benefit from the services of other progressive technology firms by integrating with other suppliers within a broader ecosystem via its extensive partnership programme.

As a result, the clients can experience significant competitive advantages, as well as increased business efficiency through agility and scalability. Other benefits include reduced infrastructure and operational expenditure, greater system availability and resilience against downtime.

Lenders and deposit-takers will be particularly interested in the new Phoebus user interface. Its contemporary design will better support its business processes. It is specifically designed for ease of use and to increase business productivity. The design also reduces training requirements, helping to accelerate the onboarding process for new employees or application users.

Neil Dyke, chief technology officer at Phoebus, said, “We have invested heavily in both technology and human resources – our exceptionally strong team has been working hard on developing this next-generation servicing platform. We have started moving our clients over to the new system, and this will continue over the coming months.”