This move comes ahead of the PRA’s SS 13/16 buy-to-let landlord underwriting standard.
Foundation Home Loans has implemented EDM Mortgage Support Services’ (EDM MSS) technology solution.
This move comes ahead of the PRA’s SS 13/16 buy-to-let landlord underwriting standarddue to take effect in September.
Jeff Knight (pictured), director of marketing at Foundation Home Loans, said: “As a specialist lender, we have chosen to work with EDM because we believe their system is very broker-centric and easy to use and has real strategic fit with our online portal.”
Joe Pepper, managing director at EDM Mortgage Support Services, added: “By implementing secure, hosted platforms to deal with new challenges, lenders will be better placed to preserve and expand their market shares.”
The online solution from EDM MSS - entitled PRISM - allows brokers to upload portfolio property details directly into the platform.
Nationwide Building Society implemented the technology solution through its subsidiary The Mortgage Works in June.
