It looks to enhance its mortgage origination process through AI integration
Specialist lender Kensington Mortgages is set to upgrade its mortgage origination process in collaboration with tech firm Koodoo.
The partnership aims to improve operations by integrating Koodoo’s artificial intelligence (AI) tools and design skills into Kensington’s underwriting process.
By updating its underwriting journey, Kensington plans to integrate seamlessly with Koodoo’s AI, aiming to enhance efficiency for stakeholders, including brokers, third parties, and applicants.
This effort follows the firms’ collaboration in 2022, where Koodoo developed Kensington’s product retention portal.
“Our mission at Koodoo is to simplify and empower the mortgage process by leveraging the latest technology and our specialist knowledge of UX design in the mortgage industry,” said Andrei Lebed (pictured left), chief executive of Koodoo.
“Partnering with Kensington Mortgages, a leader in the field of specialist mortgages, is an exciting project for us both. Together, we aim to set new standards for efficiency and transparency in the mortgage origination process.”
Vicki Harris (pictured right), chief commercial officer at Kensington Mortgages, also expressed positive expectations from the partnership.
“This collaboration with Koodoo reflects our dedication to providing best-in-class services to our clients and partners,” Harris said. “By harnessing the power of advanced AI tools, we are confident in our ability to elevate the mortgage origination experience, particularly for brokers who play a pivotal role in our ecosystem. This partnership reinforces our commitment to staying ahead of the curve and meeting the evolving needs of the market whilst remaining people-focussed.”
Read more: Your guide to Kensington for intermediaries
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