Kensington Mortgage Company’s outsourcing venture with Rossbank Telenet Services and London Bridge Software has gone live.
The deal will see the new operation processing and packaging Kensington’s national account and referral business, with plans to develop a centralised and remotely-accessible underwriting system for the second quarter next year.
Kieran Hedigan, chief executive of Rossbank, said Kensington had completed around £800m of business this year and was predicting to do close to £2bn next year. Much of that growth would come from the national accounts and referral business, which would be processed through the new operation.
John Maltby, chief executive of Kensington, added: ‘The development of our national accounts business is central to sustaining our leadership in the non-conforming market.
The development with Rossbank and London Bridge has started well, with the delivery of the first phase of the infrastructure required to support our national accounts expansion.’