Knowledge Bank has launched an interactive criteria guide for lenders to promote their funding rules in a larger array of media and places to brokers.
The criteria search engine says the bespoke guide allows lenders to promote their criteria not only on their website but on email footers, at shows and events via a QR code, or on social media.
The fully searchable software, with real-time updates, provides detailed information on all of the funding types supported by a lender.
The firm says: “The interactive criteria guide is both cost effective and environmentally friendly, as it removes the need for lenders to be continually updating and printing literature.
“It also provides lenders with a much more robust tool than PDFs on websites as the detail with regards to the wording comes directly from what the lender inputs into Knowledge Bank providing consistency and uniformity across all of their communications to significantly reduce the number of cases received that can’t progress due to misunderstandings around criteria.”
Knowledge Bank chief executive Nicola Firth adds: “This new interactive criteria guide is a terrific example of the technological advancements now available for lenders to proactively improve the process of working with brokers.
“The days of lenders having to constantly update and print our criteria guides are a thing of the past and this is another example of technology improving the mortgage advice process.
“By using criteria search systems brokers can now save themselves hours and hours and the digital criteria guide will further simplify the process and offer reassurance that the data they are using is accurate and up to date and they won’t be caught out by criteria announcements they may have missed.”
Knowledge Bank has existing partnerships with Iress and Air Sourcing to provide fully integrated product and criteria search experience across residential, buy-to-let and equity release mortgages.
