Kensington launches new online system

Kensington has launched its first fully integrated end-to-end online application and processing system.

It’s called Electronic-Kensington Web Intermediary Portal, or E-KWIP and will offer brokers immediate decisions in principle and online applications.

Kensington says E-KWIP won’t detract from its commitment to underwriting each case on its own merit, and the lender 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.