Specialist lender Aldermore has extended its long-standing partnership with software provider Finova, selecting the firm’s cloud-native origination and servicing platform to support the next phase of its mortgage business growth.

The five-year agreement will see Aldermore adopt Finova Lending, a SaaS-based origination platform, across its specialist buy-to-let, commercial real estate, and residential lending lines. The move follows a comprehensive review of the market and successful pilot deployments of the platform, formerly known as Apprivo.

ADVANCED TOOLS

Aldermore, which first partnered with Finova in 2016, said the decision reflects a broader strategy to enhance agility and innovation in a volatile lending environment. The Finova Lending platform offers features including advanced decisioning tools, automated task management via its ‘Enhanced Tasks’ module, and the ability to support post-contract variations such as product switches and further advances.

Ross Dalzell, managing director of property at Aldermore, said the decision to expand the partnership with Finova reflects a deliberate choice to leverage external expertise while maintaining internal flexibility.

“As a lender, we faced the decision of whether to build in-house or invest in a third-party solution. Finova Lending gives us the best of both worlds — a fully deployed solution with the flexibility to build on top of it, thanks to the platform’s composable architecture,” he said.

“It’s the right fit for our strategy, and we’re excited to go live with buy-to-let as the first step in this journey.”

AZURE-HOSTED PLATFORM

Aldermore will also retain Finova as its servicing technology partner, having already migrated to an upgraded platform hosted in Microsoft Azure. Finova’s infrastructure offers containerised deployment, live operational data, and built-in SOC and SIEM capabilities — a setup that is already in use across much of its client base.

Richard Marsh, chief operating officer at Finova, described the expanded deal as a significant milestone in the evolution of both firms’ digital capabilities. “It’s an extensive partnership covering origination for a range of mortgage products, wholly powered by Finova Lending and an upgrade and cloud migration of our servicing solution,” he said.

“Together, Finova and Aldermore are building a robust platform to meet Aldermore’s ambitious targets for UK specialist lending.”