The Money Group deploys Phoebus Software system for mortgage servicing

Source: Phoebus Software

The Money Group, the UK's largest independent specialist broker and lender has implemented Phoebus Software in record time and is already recording significant cost savings in its mortgage processing activities.

The Money Group implemented Phoebus in just two weeks on site, including data conversion and all user training. Commenting on the impressive implementation timescale, Andrew Sinclair, Director of The Money Group said: "We were very impressed with the business knowledge and professionalism of Phoebus staff; we are more than happy with the software functionality and look forward to a long term relationship with Phoebus Software. By implementing Phoebus we have been able to significantly reduce our processing costs; we now have a solid platform for future growth. We believe we have made the right long term choice for our business and that Phoebus is the ideal partner to help us meet our long term business objectives."

The Money Group chose Phoebus for full servicing of its mortgages. The Money Group had been very impressed with the software's design and user-friendliness, finding the processing of arrangements a far smoother operation since its introduction.

Of particular interest to The Money Group was the workflow functionality present within Phoebus. This means that arrears management is now a fully automated function within the Phoebus system, saving The Money Group valuable staff time.

Phoebus automatically generates letters for chasing payments on predefined dates, for instance, giving The Money Group enjoys the peace of mind that arrears are being chased and allowing staff time to be utilised on other tasks. "The choice to partner with Phoebus Software was made easier by the reference sites Phoebus provided and by the impressive functionality of the software," said Andrew Sinclair, Director of The Money Group.

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