Mortgage Industry Awards
Mortgage Finance Gazette
Best Use of Technology - Broker Software
The Mortgage Awards 2018
Best Newcomer in Mortgage Space
British Specialist Lending Awards
Knowledge Bank in the Press
Self build homes and conversions are ever more popular, but finding the finance for them is unlikely to become a regular part of what most brokers do, rather it is something a broker may be faced with once every few months at most.
Criteria search system Knowledge Bank has partnered with self-build specialist BuildLoan.
If you’ve been watching anything of the Winter Olympics you can’t have failed to have seen the bizarre and captivating images of the cheerleading squad from North Korea.
Criteria search system Knowledge Bank has partnered with Loan Warehouse to enable the comparison of first and second charge criteria using the master broker’s data.
What leads someone to give up a successful job and start a new business? Asking other entrepreneurs, the two prevailing reasons seem to be either to have more control over their lives or to make a difference. In the case of Knowledge Bank, it was definitely the latter.
Last month Nicola Firth CEO, Knowledge Bank explained why and how she took up the challenge of building a new business. This month she reveals how the project technology developed.
Last month Nicola Firth revealed how some individuals had sought to copy the technology she was developing. This month she considers how to formally launch and grow a new venture.
Knowledge Bank has launched time and date stamped ‘evidence of research’ audit trails to its mortgage criteria sourcing system. The documented searches can be saved as PDFs and added to a Client Relationship Management (CRM) system or printed out to added to a client file.
Compass Systems chief executive Nicola Firth launched Knowledge Bank, a criteria-based mortgage sourcing system designed to find borrowers the most suitable mortgage.
Connect for Intermediaries has teamed up with criteria search system Knowledge Bank. Some 4,000 advisers in the network will be able to access the criteria search system, which launched just last week.
Knowledge Bank has added affordability calculators for every lender on the system. This development hopes to save brokers even more time as it means they can see which lenders cater for their clients’ circumstances and work out affordability all in one place.
Brokers have conducted 11,966 criteria searches on Knowledge Bank in the month since its launch, with the top three residential searches in September being maximum age at the end of term, interest only, and self-employed with one year’s accounts.
We spoke to Nicola Firth, CEO of Knowledge Bank and Compass Systems, about the launch of the criteria search system, the inspiration behind it, and her hopes predictions for the mortgage market in 2018.
The mortgage criteria searching system, Knowledge Bank, has launched direct access to packagers and master brokers.
Since its launch in September 2017, Knowledge Bank says 1,098 searches for criteria have been conducted outside of business hours. The company says the figures demonstrate broker demand for business placement outside of usual help desk hours.