FHL implements EDM MSS solution

Jessica Nangle

August 7, 2017

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 standard due 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.

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