Foundation Home Loans agree decisioning partnership

Mortgage provider, Foundation Home Loans is moving its underwriting technology to LendingMetrics’ ADP automated platform.

The buy-to-let and residential lender has gone live on an automated affordability calculator as the first step in transitioning its underwriting to ADP.

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 decisioning changes and new third-party data suppliers. We’re 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, said “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.”