Metrics Monthly | November 2020 | UK Edition

Approach Itwasagreed that LendingMetricswould focus on implementing the affordability calculator as the first step of moving Foundation Home Loans’ decision tree to ADP. During the implementation process, Foundation Home Loans were conscious that they had a lack of credit risk resources to support the project and with a multi-layered calculator with multiple applicants, the specification process was complex. LendingMetrics were hugely supportive and held regular sessions with the client to understand the detailed requirements as part of the initial requirements gathering phase of the project. In order to include the regulatory changes required, LendingMetrics were able to build and deliver the UAT envi- ronment within a short time window. With the support of LendingMetrics, Foundation Home Loans were able to thoroughly test the system to ensure that the affordability calculator had

been replicated. Through a combina- tion of IT testing, front-end credit risk testing and bulk testing via third party consultants Vestigo, Foundation Home Loans felt confident that the solution was fully integrated with their produc- tion environment. Result The team at Foundation Home Loans feel very comfortable with the system and are confident that ADP is now enabling them to be highly agile in the marketplace. The business is keen to start designing their roadmap for future use of ADP and see this as the start of a journey to move over their entire decision tree, including their third party integrations. Neil Williams, Managing Director of LendingMetrics, said “We’re delighted to be working with Foundation Home Loans and it has been particularly inter- esting to implement such a complex affordability strategy.”

We love ADP and have never had any doubts about the product. This is no longer about regulatory re- quirements – we see ADP as a way of being more competitive in the specialist mort- gage market. Robert Lawlor Head of Credit Risk at Foundation Home Loans

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