Kensington Mortgages has launched its own automated valuation model (Avm) and electronic identification platform (e-IDs), as part of its K-net e-commerce platform.
The platform will allow the lender to instruct an AVM on a property and automatically check the identity of applicants, speeding up the process to a mortgage offer. The adoption by Kensington of e-IDs and an Avm follows hot on the heel of similar launches by both GMAC-RFC and edeus which have both launched Avms recently. Automated valuations and e-IDs will be offered free of charge to brokers with automate valuations will also being made available free to packagers. They will be available on remortgage applications submitted online for loans up to a maximum of £150,000 on properties wort...
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