Software firm Phoebus is servicing around £20bn of equity release loans in the UK due to “new client wins and incremental growth”.
The mortgage and savings account servicing provider has worked in the equity release sector since 2007 and has been teaming up with equity release brands to “help clients achieve their strategic and growth objectives”.
Phoebus’ customers use the firm’s application programming interface (API) to transfer customer data between Phoebus servicing and third-party systems.
The originations and migrations API onboards loans from any origination or servicing platforms “seamlessly and efficiently”.
The firm’s latest user interface has high levels of automation and intuitive user experience, allowing multiple brands for customers and securitisation functionality for those using wholesale funding.
Richard Pike (pictured), chief sales and marketing officer at Phoebus, said: “Phoebus has been at the heart of the equity release industry for many years. We continue to invest in our product to keep Phoebus at the forefront of innovation in this important market sector so that our clients reap the rewards.
“In particular, the Phoebus migrations API has been a large factor in the success of our growth in the equity release sector as it provides a fast and accurate solution unavailable elsewhere in the market for clients who buy and sell books, or who act as outsourcers on behalf of equity release funders and require their loans to be serviced.”
In June, Phoebus joined the Intermediary Mortgage Lenders Association (IMLA) as an associate member.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
