Foundation Home Loans is adopting to LendingMetrics’ ADP underwriting technology.

The buy-to-let and residential lender has gone live on an automated affordability calculator as the first step in transitioning its underwriting to ADP.

Its selection of the platform – which came after a tendering process that included two major credit reference agencies – was based on LM’s ability to deliver an automated solution swiftly and cost effectively.

LendingMetrics was able to build and deliver the User Acceptance Testing (UAT) environment within a short timeframe. This was in combination with IT testing, front-end credit risk testing and bulk testing via third party consultants Vestigo.

David Wylie, commercial director of LendingMetrics, said: “Foundation Home Loans was keen to find technology that would automate its underwriting process and take lending to a new level of efficiency. It now has in place a future-proofed system that allows for ongoing decisioning changes and new third-party data suppliers.

“We’re delighted to be working with Foundation Home Loans and it has been particularly interesting to implement such a complex affordability strategy.”