Credit, Collections & Insolvency News
Specialist lender Spring Finance has announced it is partnering with Optalitix and LendingMetrics to launch a technology-led origination system.
Optalitix Originate will provide Spring’s mortgage origination platform, while LendingMetrics will supply an integrated decision engine. The collaboration will enable Spring to fully automate the decision in principle and application process, using data from credit reference agencies, affordability models and other third parties to provide a robust and reliable lending decision early in the application process.
Andrew Bloom, Chief Executive and owner of Spring Finance, said “Both Optalitix and LendingMetrics have extensive expertise within the mortgage industry and the delivery of these two systems will play a pivotal role in Spring’s growth plans “
Alistair King, COO at Optalitix, said “We are excited to be providing Spring with our innovative Originate platform. By integrating our platform with their decisioning platform, Spring will benefit from the full range of flexibility, intelligence and efficiency offered by Optalitix Originate. We look forward to being a key partner to Spring in their future growth journey”.
Neil Williams, CTO of Lending Metrics, said “We are excited by our collaboration with Spring Finance. By integrating with LendingMetrics’ Auto Decision Platform, Spring Finance will be able to take advantage of efficient decision-making within milliseconds. We look forward to strengthening our relationship and achieving further success together in the future.”
