Phoebus was selected by Oakwood to build the bespoke primary servicing platform following an extensive pitch process.
Oakwood has ordered a primary servicing platform to extend its existing special servicing and master servicing business. With the Phoebus system Oakwood can now provide end to end mortgage management from payment processing to market leading special servicing.
Richard Klemmer, Oakwood’s COO said:
"The Phoebus platform offers proven primary servicing functionality and is being deployed to our specific requirements on a tight timeline. The combination of proven technology with tight project management set Phoebus apart from the crowd. Their commitment to constantly developing new technology and their longstanding expertise in the mortgage market meant they were ideal partners for us.”
Paul Hunt, managing director of Phoebus Software, said:
“We were delighted to be given the chance to work with Oakwood. Their management team is renowned in the mortgage market for being very technologically savvy and we felt we’d make a good fit. Oakwood is a market leader in mortgage services and in Phoebus they have found a market leading software provider to support their endeavours.I look forward to working closely with Oakwood in the future to identify and deliver innovative developments to mortgage servicing technology."
