Phoebus Software and Crown Mortgage Management are celebrating ten years of partnership during which time Phoebus have supported Crown Mortgage Management in delivering a threefold increase in Assets Under Management from £1.6bn in 2003, to £4.9bn in 2013.
Crown Mortgage Management, one of the longest established organisations in the mortgage administration industry, works with banks, building societies and investment funds to service their residential, lifetime and commercial loan portfolios. Crown selected Phoebus as its servicing partner in 2002, to facilitate the servicing of its residential and commercial mortgages.
Phoebus’ system has supported the achievement of Crown Mortgage Management’s ambitious growth targets over the last ten years, enabling the company to expand from servicing 170,000 transactions in 2002, to over 20 million transactions last year. Always keen to be at the forefront of new developments, Crown Mortgage Management was one of the first clients to have their own Phoebus developer licence enabling them to change and adapt their system quickly and efficiently.
Paul Hunt, managing director of Phoebus Software said: “It is immensely satisfying to work with a forward thinking company such as Crown Mortgage Management, which recognises the value of investing in software with a long term vision. We have been able to equip Crown Mortgage Management with the tools they needed to achieve such remarkable growth and we look forward to supporting them as they continue on their journey.”
Sue Ross, Chief Information Officer at Crown Mortgage Management commented: “We are pleased to be celebrating our ten year anniversary working with Phoebus. At Crown Mortgage Management we are committed to continue enhancing our operations and technological support as our business grows, and the requirements of both our clients and the market develop. We have an excellent working relationship with Phoebus and look forward to working with them on the continued development of the platform.”