"This will lead to a very successful implementation in 2018 of a servicing solution that will drive the efficiencies"
The partnership involves an initial migration of £4.2bn of mortgage assets from Computershare Loan Services’ UNISYS platform.
The deal also aims to provide operational efficiencies, automating many previously manual tasks, whilst streamlining others.
Richard Pike, Phoebus Software’s sales and marketing director, said: “CHL is a very successful business with strong aspirations for future growth. The engagement between our businesses has been excellent during the requirements gathering stage and this will lead to a very successful implementation in 2018 of a servicing solution that will drive the efficiencies expected from what is generally seen today to be the market’s leading loan servicing platform. We very much look forward to working with CHL for many years to come.”
Lee Kelly, CEO at CHL, added: “Phoebus Software’s reputation is excellent and the Phoebus servicing module is recognised for providing operational efficiencies. Certainly, the engagement to date indicates this will be the case moving forward and we look forward to a strong and lengthy relationship with Phoebus Software.”
