Atom financial institution and Phoebus Software program Restricted (PSL) have signed a brand new three-year contract.
Atom financial institution utilises the total suite of Phoebus account servicing performance together with main and particular servicing. The financial institution additionally utilises the Phoebus securitisation module to deal with its wholesale funding necessities. The answer handles each residential and industrial lending.
There may be now over £85 billion of property being serviced on Phoebus within the UK and Eire, and purchasers embody specialist banks and lenders, outsourcers, later life lenders and constructing societies.
Phoebus Software program Restricted’s chief gross sales and advertising officer, Richard Pike, says: “We have now labored in partnership with Atom for over six years, and in that point supported Atom obtain many strategic goals.
“With mortgage balances right now of over £3 billion, Atom has been a real success story available in the market and we’re glad we’ve been capable of help the financial institution in its progress up to now. We stay up for working collectively to help supply of its future strategic aspirations.”
Robbie Metal, head of PR and communications at Atom financial institution, feedback: “Phoebus has been a valued accomplice since our inception, serving to us to efficiently disrupt the lending market in that point.
“Given the present financial uncertainty surrounding the UK, our mission to make lending quicker, less complicated and higher worth than anybody else is extra essential than ever, and we’re delighted to have Phoebus on board to assist us ship on this.”