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The role of Atom, Kensington,......

Hi,

Can anyone explain to me the role of companies such as All Types of Mortgages Ltd (Atom) and Kennsington?

Say for example you go to a broker and they then go to Atom. Atom then issue an AIP.
Atom then pull everything togther and say its fine...next step the lender.

But where does the lender fit into this picture?

How can Atom or Kennsington give you an AIP?

I am a tad confused.

I did ask something like this once before but I got bogged down in the meaning of a packager in the old sense.

Thanks
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