L&G Home Finance integrates finova’s Optimo tool

finova has announced that its decisioning engine, Optimo, has been adopted by Legal & General Home Finance to power its later life mortgage products.

The Optimo tool helps lenders deliver smarter pricing outcomes for their customers.

finova, a cloud-based mortgage and savings software provider, said that L&G Home Finance can now determine the price on each application, and even test pricing for new product lines without changing its underlying technology stack. The firm will also be able to set bespoke rates based on the information that an applicant shares.

Built using finova’s Apprivo technology, Optimo is a fully configurable Software as a Service (SaaS) tool that can be integrated with any existing originations system as part of a wider microservices architecture.

“We’re always thinking about how our tools can tackle the speed bumps getting in the way of lenders’ daily tasks, and how we can improve the journey for their customers,” product director at finova, Rowan Clayton, commented.

“To that end, we’re thrilled to be sharing our decisioning engine Optimo with L&G Home Finance, who can now lean on our technology when it comes to making rapid decisions about risk, liability, or affordability, for their customers. With Optimo, L&G’s customers can access personalised and fair rates on the market, and crucially, the lender can service borrowers quickly and fairly as the lending price war intensifies.”

Chief technology officer at L&G Home Finance, Cheryl Hinton, added: “The lifetime mortgage market has evolved significantly over the years, and at L&G Home Finance, we’re always innovating to meet changing customer needs.

“That’s why we’re delighted to adopt finova’s flexible Optimo system to help power faster and more tailored pricing decisions, to give borrowers value for money by offering them the best rate for their specific circumstances.”



Share Story:

Recent Stories


Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.