Phoebus has developed a Java-based software package for commercial and residential mortgages, banking products and general ledger. Its software is used for loan administration – such as monitoring arrears. Phoebus is used by specialist banks, the mortgage arms of big banks and third-party servicers such as Crown Mortgage Management. Sales have grown 64% a year from £376,000 in 2001 to £1m in 2003.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.