Phoebus Software has been selected by Oakwood Global Finance LLP to supply a bespoke IT platform for its new servicing system.

Oakwood has ordered a primary servicing platform to extend its existing special servicing and master servicing business.

Richard Klemmer, Oakwood’s COO, said: “The Phoebus platform offers proven primary servicing functionality and is being deployed to our specific requirements on a tight timeline. The combination of proven technology with tight project management set Phoebus apart from the crowd. Their commitment to constantly developing new technology and their longstanding expertise in the mortgage market meant they were ideal partners for us.””