Monmouthshire Building Society has gone live with the Phoebus solution to provide mortgage account servicing to its borrowers.

Following a Discovery Phase, the implementation provides integration with MQube to onboard completions utilising the Phoebus originations API. This initial phase will see Monmouthshire’s full range of mortgages onboarded including residential, development, buy-to-let and holiday-let products.

The lender has access to the full suite of Phoebus APIs as part of the solution. Phoebus will provide Monmouthshire with operational savings through substantial account automation across its whole mortgage operations. This covers all areas of servicing ranging from basic tasks through to more advanced requirements including arrears management and special servicing.

The next phase of the transformation programme will be to migrate all existing mortgage and savings accounts onto the Phoebus solution using the same API technology.

Commenting, Phoebus chief executive Adam Oldfield said: “From the initial tender process, Monmouthshire has been a fantastic client to partner with, and both organisations have worked efficiently to get the solution live to plan and budget.”