Metrics Monthly | October 2020 | AU Edition

A new partnership

LendingMetrics are delighted to announce that United Trust Bank have selected ADP for their automated mortgage decisioning

United Trust Bank is a prominent UK specialist mortgage lender providing a range of innovative first and second charge products through its panel of approved introducers. Known by business partners and cus- tomers alike for its dependable reputa- tion for making quick, consistent and common-sense decisions, the bank prides itself on the work of its expert underwriting team. As a pioneer, United Trust Bank strives to lead the way in offering its introducers and customers the most streamlined technology-led approvals processes along with a range of competitive and imaginative mort- gage products. This approach led the bank to an exten- sive tender process and the ultimate decision, to partner with LendingMet- rics to deliver the best in class automat- ed approvals platform Auto Decision Platform (ADP) . The new platform, currently undergo- ing the bank’s UAT process, augments the expertise of the bank’s underwrit-

ers, by orchestrating data from credit reference agencies and other data pro- viders, to deliver a sophisticated mort- gage assessment in milliseconds. The enhanced capabilities offered by ADP will allow the bank to instantly inform introducers about decision outcomes, individual affordability assessments and approval conditions. Commentingon thenews, BusterTolfree (Commercial Director – Mortgages at United Trust Bank) said: “At United Trust Bank we have continued to develop and invest in smart FinTech solutions which make it quicker and easier for custom- ers and brokers to deal with us whilst improving our workflow efficiency. In this latest enhancement we’ll be able to analyse and process data from mul- tiple sources giving brokers lightning fast automated mortgage decisions on qualifying cases and free up resource in our underwriting team which can be applied to applications which require a more personal touch. Our adoption of technology benefits all customers from those with the most straightfor-

ward applications to those with more complex circumstances. This is an exciting time for UTB as we become a significant force in the specialist mort - gage market and this partnership with LendingMetrics will help us to provide a scalable offering, increasing our volume capability whilst also improving broker and customer journeys and delivering more successful outcomes.” David Wylie (Commercial Director at LendingMetrics) added: “United Trust Bank shared with us a really exciting vision as to how they intend to scale their lending operations in the coming months and years. Sophisticated auto- mated decisioning is an essential part of that vision and LendingMet- rics are delighted to be delivering our award-winning solution to help achieve the bank’s ambitions. The unique ADP logic editor ensures that, not only can the bank execute sophisticated and individual decisions in real-time, they can also modify their policies, algo- rithms and risk appetite instantly too.”

12 | Metrics Monthly

October 2020 | AU Edition

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