Paratus AMC, which trades as Foundation Home Loans, has partnered with Ohpen Services UK to select its SaaS mortgage technology as its underwriting platform.

Ohpen Services UK, which is part of Dutch firm Ohpen Holding, said the move can transform Foundation’s mortgage origination proposition.

Foundation said it 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 underpin the firm’s growth aspirations.

Ohpen’s UK division has been operating in the mortgage market since 2021 and revealed it is also set to imminently deliver its cloud-based banking solutions into two other lenders.

“We selected Ohpen to deliver a best-in-class platform that will give our business the capability to meet our future strategy,” said director of IT at Foundation Home Loans, Chris Lomas.

“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.”

UK managing director at Ohpen, Jerry Mulle, added: “We are delighted that Foundation has put its 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 focused 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.”

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