Kensington Mortgages has announced it will now use MortgageApply, a technology platform created by Twenty7Tec.
The platform allows for a user to submit mortgage decision-in-principle applications to Kensington via API directly from within the system, without having to re-key data into the lender’s portal, according to Kensington.
The software will initially be used by firms within Mortgage Advice Bureau, before being utilised by all of Twenty7Tec’s users in the coming months, the firm adds.
Kensington Mortgages chief executive Mark Arnold comments: “At Kensington, we are always looking for ways to speed up the loan process and make it as easy as possible for brokers to work with us.
“This is particularly important in the specialist sector where applications are generally more complex, so we are delighted that with MortgageApply, our broker partners will now have a more simplified and streamlined journey based on cutting edge technology and expertise.”
Twenty7Tec chief executive James Tucker says: “Both respective technical teams have worked exceptionally hard to deliver a best of breed integration, and we look forward to working with Kensington as we roll this out to all of our users.”
Mortgage Advice Bureau chief executive Peter Brodnicki adds: “Using technology to significantly enhance the customer and broker experience is a priority for MAB, which is why we have backed Twenty7Tec’s plans for MortgageApply from the outset.”