Phoebus Software has become the latest Associate Member of the Equity Release Council.

As part of its membership, the Council has invited Phoebus to join the Council’s Technology Forum, where Phoebus can share knowledge and work with members to push the industry forward.

Phoebus has worked in the equity release sector since 2007. Its software services over £20 billion of UK equity.

Richard Pike, chief sales and marketing officer at Phoebus, said: “Equity release has been a real focus for our business for many years. Our significant investment in digitising loan servicing, including equity release, alongside other residential and commercial lending products is a true reflection of this.

“We believe we will add value to the ERC and its membership and are delighted to have become members of this increasingly important and significant trade association.”

Jim Boyd, CEO of the Equity Release Council, added: “As the market starts to return to growth, there is no doubt that our members will be considering how technology can support their ambitions and help them to deliver first-class customer service. We are therefore delighted to welcome a well-recognised and respected brand like Phoebus into membership.

“By becoming a member and joining our technology forum, Phoebus has positioned itself to take an active part in this conversation and help the industry to collectively deliver better customer outcomes.”