The system has been dubbed the Electronic-Kensington Web Intermediary Portal, or E-KWIP and it will equip intermediaries to deliver better service to their clients, with applications stored online as well as the electronic DIP function.
Kensington is firm that the upgraded software will not detract from its commitment to underwriting each mortgage case on its own merit and said it will continue to make lending decisions based on a customer's circumstances, not their credit score.
The system is initially being launched to appointed representatives of Openwork and Kensington will be rolling out E-KWIP to more distribution partners in future weeks, with a full launch coming soon.
Keith Street, head of Kensington added: “This will streamline the application process but will not detract from our commitment to sensible underwriting based on a customer’s circumstances.”
