Capital Home Loans swaps Computershare for Phoebus as lendtech provider
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
The deal involves an initial migration of nearly £4.2 billion of mortgage assets from Computershare Loan Services’ Unisys platform.
The implementation will be carried out in 2018.
Phoebus says its lendtech “will provide many operational efficiencies”, automate previously manual tasks and streamline workflows. It will “utilise the full extent of the Phoebus primary and special servicing functionality and also the integrated Phoebus finance and securitisation modules”, the vendor adds.
Lee Kelly, CEO at CHL, compliments Phoebus’ “excellent reputation” and the company’s servicing module being “recognised for providing operational efficiencies”.
Phoebus has around 25 clients in the UK and over £28 billion in assets managed on its software.