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Advertising Feature


by PAUL HUNT managing director Phoebus


Finding form with Phoebus


Phoebus writes computer software to suit your business and give you the competitive edge


Phoebus provides the core loan-servicing platform for both Precise Mortgages and Exact. Lenders like Precise Mortgages and third party administrators like Exact choose us because our software is proven, stable, and robust. But it also has a lot to do with our flexibility.


For instance, we write bespoke software to fit your business, not the other way around. We can do this because Phoebus is the most flexible lender software on the market. We can create custom-made upgrades and add-ons, without the need to change the wider system. Phoebus is platform independent so can run on IBM, UNISYS, Microsoft, and the rest.


It is also database independent and will run on any SQL database such as Oracle or MS SQL.


And our system can service multiple clients with multiple portfolios and multiple products. One of our servicer clients manages the portfolios of more than 30 lenders, all on one system. Phoebus manages the loans according to their original contracts. To manage this level of product diversity requires a flexible, robust system.


“We write


bespoke software to fit your


business, not the other way round. Lenders and servicers can choose to pay very low upfront costs when they buy our software because we’re happy to rent it out, rather than just sell it wholesale”


Our flexibility extends beyond our software. We’re even flexible when it comes to our prices. Lenders and servicers can choose


to pay very low upfront costs when they buy our software because we’re happy to rent it out, rather than just sell it wholesale. Charging a percentage of the book value instead of one lump sum makes Phoebus particularly attractive to new players coming into the market. It’s not just the initial payments where lenders and servicers can save money. Because our technology is highly efficient it’s completely portable, and it will normally run on your existing hardware. And you don’t need a huge number of servers either; our software can be hosted, too.


How did we get so far ahead of the competition? Well, Phoebus Software commits a lot of time and energy to developing our software. We spend at least 25% of our turnover on R&D every year. That’s pretty high. Pharmaceutical multinationals like Merck & Co only spend about 15% on R&D every year - and although telecommunications giant Ericsson comes close with 24.9% - it still can’t quite beat our commitment to research and development. We also know about lending. We should, bearing in mind our experience. Some 90% of employees have extensive backgrounds in the mortgage industry.


So we aren’t just experts in our business. We’re experts in yours, too.


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