Specialist lender Foundation Home Loans has chosen Ohpen’s software-as-a-service mortgage expertise as its underwriting platform to rework its mortgage origination proposition.
The system will automate key elements of the journey and use real-time knowledge to enhance the dealer expertise.
The expertise funding will enable workers to “focus on building stronger lender-broker relationships and other strategic activities that really underpin the firm’s growth aspirations”.
The lender added that the funding would supply the “ability to react quickly to market needs”.
Ohpen has been working within the mortgage market since 2021 and is teaming up with two different lenders to ship market-leading cloud-based banking options.
Chris Lomas, director of IT at Foundation Home Loans, mentioned: “We chosen Ohpen to ship a best-in-class platform that can give our business the aptitude to fulfill our future technique. The versatile and extremely configurable vary of core modules permits us to supply a state-of-the artwork dealer expertise.
“We were convinced by the quality of Ohpen’s team and their commitment to deliver the highest level of systems performance required to support our broker partners and our business.”
Jerry Mulle, UK’s managing director at Ohpen, added: “We are delighted that Foundation Home Loans has put its belief in us to assist ship an actual step change of their originations journey.
“We see Foundation as a key strategic partner with whom we will collaborate to innovate and drive focussed change at pace for the specialist mortgage market.”
He continued: “This is further evidence that the market is crying out for technology which can modernise the end-to-end process and remove the straightjacket that legacy technology has placed on UK lenders’ modernisation ambitions.”
Anna is at the moment the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has labored as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She began her profession as a report at specialist publication The Insurance Insider masking a variety of areas earlier than becoming a member of Mortgage Solutions and Specialist Lending Solutions in 2021.
In her function, she helps put collectively and construction the information agenda for the day and writes up press releases, studies, interviews, analyses and exclusives throughout each titles. She additionally commissions blogs for Specialist Lending Solutions and hosts on-line masterclasses and in-person occasions throughout the business.
She has been shortlisted for 3 journalism awards, which embody BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna labored in ecommerce throughout Snow + Rock, Cycle Surgery and Runners Need web sites, and earlier than that labored at specialist monetary PR agency Rostrum.
In her spare time, Anna enjoys studying, seeing dwell music, and cooking for family and friends. When she will get an opportunity, she additionally enjoys mountaineering, snowboarding and indoor mountain climbing.
