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PRESS RELEASE
London, UK - February 1st,, 2023- Phoebus has partnered with mortgage origination software provider Mast, giving its lender clients the option of using the Phoebus servicing solution to create an end-to-end journey.
Mast is the latest fintech to join the Phoebus strategic partner programme, an ecosystem of suppliers that offer non-core Phoebus functionality to its clients.
The cloud-native mortgage technology that Mast has built helps lenders process mortgage applications quickly and efficiently, transforming the buying journey for the consumer. A digital policy engine gives instant feedback and recommendations to brokers and as a result applications are very well packaged. The platform is compatible with Open Banking and can integrate any data source to enhance the origination journey.
The software is fully customisable; lenders can create and update products themselves without writing any code and the system provides rich data analytics such as tracking abandoned applications.
Adam Oldfield, Chief Revenue Officer at PSL, said: “If lenders using Mast choose Phoebus for their servicing requirements, they can be assured of first-rate service efficiently handled by advanced mortgage servicing software.
“Mast is an innovative, forward thinking fintech and a great fit into our strategic partner programme. We look forward to working with Mast and its lender clients.”
Joy Joseph Abisaab, Co-founder and CEO of Mast, commented: "Mortgage origination technology is outdated and hard to customise and we are on a mission to change that. Our next generation software allows lenders to make mortgage decisions faster and more efficiently, transforming the buying journey for the consumer and the broker.
“We’re excited to be working with Phoebus to enable our joint clients to have a state of the art end-to-end lending journey.”
Phoebus
Phoebus Software Limited (PSL) was founded in 1989 and became fully independent in 1997. In 2019 PSL went through a MBO funded by Northedge Capital.
The Phoebus solution is a multi-channel, multi-product and multi-currency banking, lending and deposits solution. The solution features market leading functionality encompassing originations, primary and special servicing, general ledger, treasury and securitisation. The solution offers high automation to organisations through an integrated workflow solution.
Today, PSL has over 25 clients in the UK and Ireland and more than £95bn in assets are serviced on the Phoebus solution.
For any further information on Phoebus, commentary on the business or its activities please contact: Adam Oldfield, chief growth officer on 07805 571 973 or by email at: ao@phoebussoftware.com
Mast
Mast is a venture-backed fintech building cloud-native mortgage origination software to help lenders increase capacity, reduce costs and strengthen operational controls. Its products allow lenders to operate more efficiently, react faster to changing market conditions, and focus on offering the best service possible, transforming the buying journey for the borrower.
To keep up to date about Mast in the news and announcements, follow us on: LinkedIn. For any further information please contact sales@usemast.com
