Phoebus Software Limited (PSL) has announced that the balances of loans and savings serviced on its Phoebus servicing platform have now passed the £70bn mark.

The software provider said the growth has been achieved during a significant period of investment in the Phoebus digital and ecosystem strategies.

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

Other areas of investment include the Phoebus’ self-service portal which allows borrowers to digitally self-serve their mortgage accounts, helping to stem the flow of calls and correspondence into client call centres.

PSL sales and marketing director, Richard Pike, commented: “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.”

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