Phoebus supplies Oakwood IT platform

Phoebus Software is supplying Oakwood Global Finance with the IT platform for their new servicing system. Phoebus was selected by Oakwood to build the bespoke primary servicing platform following an extensive pitch process.

Oakwood has ordered a primary servicing platform to extend its existing special servicing and master servicing business. With the Phoebus system Oakwood can now provide end-to-end mortgage management from payment processing to market leading special servicing.

Richard Klemmer, Oakwood’s COO said, “The Phoebus platform offers proven primary servicing functionality and is being deployed to our specific requirements on a tight timeline. The combination of proven technology with tight project management set Phoebus apart from the crowd. Their commitment to constantly developing new technology and their longstanding expertise in the mortgage market meant they were ideal partners for us.”