Knowledge Bank is a criteria-driven mortgage sourcing system, which formally launched last week, but has been working with brokers on further development for over a year.
Connect said advisers using Connect and Knowledge Bank will get exclusive access to a range of specialist exclusive bridging and commercial lenders which will all be live within the week.
The Connect system covers residential, buy-to-let, second charges, equity release, bridging and commercial products and searches over 18,000 criteria from 43 lenders, with all searches time and date stamped and saved as evidence of research.
Liz Syms, CEO of Connect for Intermediaries, said: “Our collaboration with Knowledge Bank will help our advisers to streamline the process of checking which lender allows which criteria, saving them potentially hours to spend with other clients and increasing their incomes accordingly.”
Nicola Firth, CEO of Knowledge Bank and its parent company Compass Systems, said: “Connect stands out as a packager and a network that constantly works to put its advisers at the heart of what they do. Knowledge Bank has also been designed to put advisers first and make their lives easier. It will help to give the advisers who use it an edge over their competitors by freeing up their time to see more clients, potentially increasing their profits and improving their compliance.”
Both Connect for Intermediaries and Knowledge Bank will be at the Financial Services Expo this week on 13 September at the Old Billingsgate.