Ohpen Services UK, part of the Dutch based Ohpen Holding, has announced that Foundation Home Loans has selected its SaaS mortgage technology as its underwriting platform to transform their mortgage origination proposition, following a full tender process.
Foundation Home Loans is committed to providing an outstanding service to mortgage intermediaries, and is harnessing the opportunity of using real time data to improve the broker journey. By automating key parts of the journey, staff will be able to focus on building stronger lender-broker relationships and other strategic activities that really 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.
Ohpen’s UK division has been operating in the mortgage market since 2021 and is poised to imminently deliver its market leading cloud-based banking solutions into two other lenders.
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.”
