Upgrade for lending platform

LendingMetrics has unveiled a new version of its multi-award-winning* automated underwriting platform ADP.

Finance providers – who will go live with the latest iteration of the software this week – now have access to a range of new features designed to increase leverage of consumer data and further improve the quality of decision making. The upgrades include Experian’s MXIN-Lite XML valuation tool, Excel export of data, a log of editor changes, improved data search functionality, and additional catalogue items.

Managing Director of LendingMetrics, David Wylie, said: ‘These changes give users extra scope to fine-tune their decision making and the ability to make even better lending decisions.’

‘The upgrade is designed to ensure ADP remains the most flexible out-of-the-box solution for lenders looking to automate their underwriting, so they can make far quicker decisions and handle even larger numbers of applications.’

ADP was launched in 2016 to free lenders from the cost burden of manual loan underwriting and give them access to data analytics and the Open Banking revolution. Integrating with all major credit reference agencies, it allows users to make almost instant lending decisions and quick credit rule changes. Operational/credit risk staff can control changes in real time through a simple user interface.