Kensington Mortgages has launched a digital mortgage platform using Sopra Banking Platform London.
The software is designed to focus on improving the core platforms, and delivering SBS’s new digital solutions, which assist in on-boarding.
Moreover, the platform is live across the lender’s entire broker network.
A fresh start on the horizon?
The key amendments in to system include an upgraded core platform, a new digital broker portal, and simplification of the end-to-end mortgage journey through SBS’s marketplace platform.
In addition, the project has delivered the framework for future innovations between the companies with the modern API structure.
Mark Arnold, chief executive at Kensington Mortgages, said: “We chose Sopra Banking Software because they shared our vision of how the industry needs to evolve and have proved themselves to be an excellent partner for us over many years.
“The industry is still largely paper based and clunky – so we are both committed to digitising and simplifying processes to allow brokers and underwriters to focus on value added tasks.
“SBS’s platform, with its modular architecture, gives our team the ability to rapidly configure to support innovative product launches, improved broker experiences and simplified underwriter processes”.
Richard Broadbent, managing director at SBS UK, added: “Kensington are really pushing the change agenda in mortgages and it has been great to work with them as a co-creation partner. The fantastic results achieved are testimony to the way the two teams have worked so well together at all levels.”