View more on these topics

Masthaven picks Phoebus for its secured loans arm

Masthaven Secured Loans has chosen Phoebus Software’s secured loans origination and servicing solutions to support the launch of its new secured loan business.

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.”

Recommended

NewBuy ‘gaining momentum’ as it hits 1,300 deals

The Home Builders Federation says the Government’s NewBuy scheme is ”gaining momentum” as it hit 1,300 reservations since its launch six months ago. The take-up rate is slightly higher than the 600 reservations made for the first three months of the scheme from March to June. The HBF, which along with the Council of Mortgage […]

FOS sees shift away from claims firms

The Financial Ombudsman Service has seen a shift away from the use of claims management companies with half of payment protection insurance complaints referred directly by consumers. The FOS has published its latest complaint data today showing the most complained about firms between 1 January and 30 June this year. It received 135,170 new complaints […]

montlake.jpg

Marketwatch

The Government has brought in a raft of proposals to motivate the housing market but they don’t seem to have any long-term solutions so new housing minister Mark Prisk needs to get his hands dirty early

Barclays to shrink tax advisory unit in reputational clean up

Barclays is to shrink its tax structuring unit as new chief executive Anthony Jenkins pledges to clean up the bank’s image. The business, which is known as the structured capital markets unit, made up to three-quarters of profits at Barclays’ investment banking operation at its peak, according to reports. In a call with investors yesterday, […]

Newsletter

News and expert analysis straight to your inbox

Sign up