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Do you expect to see less or more second charge mortgage lenders in 2018?

Capital Home Loans agrees contract with Phoebus

The agreement involves an initial migration of around £4.2bn of mortgage assets from Computershare Loan Services’ UNISYS platform.

This will offer a number of operational efficiencies utilising the Phoebus workflow to automate a number of previously manual tasks, as well as streamlining others to ensure focus can be placed fully on delivering a first-class customer service.

The solution will utilise the full extent of the Phoebus primary and special servicing functionality and the integrated Phoebus finance and securitisation modules.

“CHL is a very successful business with strong aspirations for future growth,” said Richard Pike, PSL’s sales and marketing director (pictured above).

“The engagement between our businesses has been excellent during the requirements gathering stage and this will lead to a very successful implementation in 2018 of a servicing solution that will drive the efficiencies expected from what is generally seen today to be the market’s leading loan servicing platform.

“We very much look forward to working with CHL for many years to come.”

Lee Kelly, CEO at CHL, added: “PSL’s reputation is excellent and the Phoebus servicing module is recognised for providing operational efficiencies.

“Certainly, the engagement to date indicates this will be the case moving forward and we look forward to a strong and lengthy relationship with PSL.”

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