Foundation to employ LendingMetrics ADP automated platform | Mortgage Introducer

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The lender selected the platform due to LendingMetrics’ ability to deliver its automated solution swiftly and cost effectively.

Moreover, the firm pointed to the systems flexibility and quick-to-change capability that avoids the need for manual processing or workarounds.

Furthermore, Foundation Home Loans intends to migrate its entire decision tree, including third-party integrations to LendingMetrics’ ADP automated platform.

David Wylie, commercial director of LendingMetrics, said: “Foundation Home Loans was keen to find technology that would automate its underwriting process and take lending to a new level of efficiency.

“It now has in place a future-proofed system that allows for ongoing decision changes and new third-party data suppliers.

“We are delighted to be working with Foundation Home Loans and it has been particularly interesting to implement such a complex affordability strategy.”

Robert Lawlor, head of credit risk at Foundation Home Loans, added: ‘We love ADP and have never had any doubts about the product. This is no longer about regulatory requirements – we see ADP as a way of being more competitive in the specialist mortgage market.”