Paratus AMC, trading as Foundation Home Loans, has selected Ohpen Services UK’s SaaS mortgage technology as its underwriting platform to transform their mortgage origination proposition following a full tender process.
By automating key parts of the mortgage journey, Foundation Home Loans will be able to focus on building stronger lender-broker relationships that underpin the firm’s growth aspirations.
Given those aspirations, the volatility in the UK mortgage market, and the evolving regulatory landscape, this software investment gives Foundation the ability to react quickly to market needs.
Chris Lomas, director of I.T. at Foundation Home Loans, said: “We selected Ohpen to deliver a best-in-class platform that will give our business the capability to meet our future strategy.
“The flexible and highly configurable range of core modules allows us to offer a state-of-the art broker experience.
“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 managing director at Ohpen, added: “We are delighted that Foundation Home Loans have put their trust in us to help deliver a real step change in 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.
“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.”
