Phoebus has agreed a five-year mortgage servicing contract with Selina Finance.

The second charge lender chose Phoebus for its digital capability, technology and servicing track record.

Timing from the first conversation between the two firms through to user testing and finalisation of the contract took 15 weeks.

Adam Oldfield (pictured), managing director at Phoebus, said: “Selina Finance is an innovative, ambitious and growing lender and is a very welcome addition to our client user group.

“By leveraging our technology, Selina Finance can efficiently manage its mortgage book, ensuring seamless operations and enhancing overall customer experience.”

Randolf Luttner, chief operating officer at Selina Finance, added: “Phoebus has an excellent track record for servicing and I have been very impressed with the technological capabilities the team has been able to demonstrate. The servicing platform is second to none and I know Phoebus’ will deliver a robust, easy to use, intelligent system for our staff to use.

“We wanted to be up and running quickly and Phoebus has been able to deliver on that requirement with remarkable speed and accuracy. We are looking forward to working with Phoebus in the coming years.”