Specialist lending group Enra is developing a new lending platform and has selected Lendingmetrics’ ADP to optimise screening and onboarding of customers.
The private cloud-based solution integrates with all major credit reference agencies and allows credit risk staff to control changes in real time through an editor interface.
The platform was selected after Enra assessed a range of alternatives, with ADP’s ability to allow authorised underwriters to autonomously and dynamically update decisioning logic proving a key decider, along with its supplementary DeeJoop platform’s ability to distill multiple bureaus’ credit risk data to produce a ‘net’ credit report.
Enra’s announcement follows on from LendingMetrics’ recent signing of Hinckley & Rugby Building Society, Reward Finance and Buyline.
David Wylie, commercial director of LendingMetrics, said: “ADP represented the optimal choice for Enra. The plug-and-go nature of the technology, along with rapid decision making and real time rule changing were its standout USPs.
“We are delighted to be working with Enra, helping them to deliver a fast, highly efficient and customer-centric decisioning solution.”
Stephen Hogg, chief operating officer at Enra, added: “We are making a major investment in our lending platform to support the future growth of our business.
“Our aim is to deliver a specialist mortgage journey from application to offer in minutes. To do that we need to partner with technology suppliers that can support a modern digital customer journey.
“ADP is an impressive product and we look forward to working closely with Lendingmetrics on the deployment.”
