CCR Magazine

You are here  :Home arrow News arrow Consumer Credit News arrow Castle Trust appoints Phoebus Software for mortgage servicing solution
Contact Us Newsletter Signup RSS Feeds

Castle Trust appoints Phoebus Software for mortgage servicing solution PDF Print E-mail
Wednesday, 18 October 2017
Following the signing of a five year contract, Phoebus Software Ltd (PSL) has completed the migration Castle Trust’s mortgage book onto the Phoebus cloud based mortgage servicing solution. The migration includes buy-to-let and limited company loans with products that feature rolled up interest. 

The implementation has significantly reduced the time it takes Castle Trust to service certain areas of its operations, automating several key tasks that previously required manual intervention. For example, Phoebus workflow now produces redemption quotes and annual statements within seconds, where product complexity in these areas previously made them labour intensive.

Richard Pike, PSL’s sales and marketing director, says “Castle Trust is an innovative, growing lender that required a new platform that could automate some key areas, but also required financial accuracy from the system. Phoebus has achieved these goals whilst also providing high quality, efficient servicing activities in more standard areas. Both teams have worked excellently together on the project culminating in an accurate migration over a weekend. We look forward to assisting Castle Trust in achieving their future business aspirations over the course of our relationship.”

Barry Searle, Chief Operating Officer at Castle Trust says, “Castle Trust is certainly not a standard lender – our portfolio includes bespoke loans, with rolled up and serviced interest. So, it was important to find the right servicing partner and we compared a number of different providers before concluding that Phoebus was best equipped to meet our requirements. We worked closely with the team to implement the system and we are delighted that everything is now in place to help us provide even better service to our clients.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

Consumer Sponsor

This Consumer Credit News section is currently available for sponsorship.

Please click here to contact us about our site sponsorship opportunities.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197