L&G launches equity release range through Phoebus

The solution has successfully operated in the equity release market for many years and Legal and General have worked with PSL to include new functionality, a new look and feel and an all-round better user experience than before.
 
Phoebus Software Limited’s sales and marketing director, Richard Pike, said:

“This implementation has been achieved by both organisations working together, in a very efficient way, to achieve success against quite challenging launch timescales. Having a major brand like Legal & General as a client is a clear illustration of the strength of PSL’s reputation for both our product and our delivery, and we look forward to a successful relationship over the coming years.  

“The additional originations functionality delivered within this initial implemenation, plus the further deliverables yet to come, will mean that the Phoebus solution will be a market leader for originations as it is already for servicing today.”    
 
Steve Ellis, Director Retirement Lending, of Legal & General Home Finance added:

“We’re pleased that PSL have been able to support our plans to enter the market with a swift, robust solution that can meet our desire to be a market leading retirement lender within the next three years. This implementation has been a great first step.”