Paratus AMC has completed a successful migration of over 209,000 loan accounts from HML onto Phoebus’s servicing platform.

This large migration project went live during the first weekend of May.

Phoebus Software Limited’s sales and marketing director, Richard Pike, said: “This project is testimony to our two organisations working in partnership to deliver a very successful outcome.

“Once again, the pedigree and financial foundation of the Phoebus solution has assisted a high profile client achieve a major strategic objective and we are delighted to have been able to deliver yet another successful migration project in the UK.”

Anthony Keeble, CFO of Paratus AMC, added: “Thanks to the dedication and hard work of both our internal project team and our partners at Phoebus, we have completed a full loan accounting migration to Phoebus that is an important part in the development of Paratus AMC and Foundation Home Loans.

“The combination of the Phoebus loan accounting systems along with our proprietary collections system will ensure our future success. These types of project are always complex and challenging but the teams responded with professionalism and dedication, delivering to a very high quality, and we look forward to partnering with Phoebus on future projects.”