The online system will allow Masthaven’s lender panel to produce compliant documentation and package business on both its secured loan and buy-to-let originations.
Masthaven’s COO, Stuart Aitken, says the system is flexible and can be adapted swiftly, as Phoebus has already proven by meeting a very challenging launch timeline.
He says: “Phoebus’s commitment to the secured loan sector has been obvious to us in every interaction we’ve had with them. We believe our intermediaries will both gain from, and enjoy, the benefits of our investment in this technology”.
Phoebus Software’s Managing Director, Paul Hunt, says “We are very pleased MSL chose Phoebus to supply their new secured loan business and look forward to a long term, successful relationship with them over many years to come. Phoebus has long been the market leader in prime and special servicing solutions and it’s great to have established ourselves as a supplier of web-enabled originations platforms now, too.”