Lenders, networks, mortgage clubs and brokers can link up with the sourcing system via their own platforms, to in effect bring Knowledge Bank search functionality in-house.
The API will enable lenders, networks and packagers to keep their own systems up-to-date, with a feed directly from Knowledge Bank.
And within brokers’ CRM systems, Knowledge Bank can save evidence of research directly into a broker’s system against a specific client’s file.
The sourcing system said it is also working with several back-office systems to develop a seamless integration for their advisers.
There are currently 60,000 criteria available on the Knowledge Bank system.
Nicola Firth, chief executive of Knowledge Bank said: “Lenders, some networks and clubs have been crying out for Knowledge Bank to launch an API so that they can integrate Knowledge Bank into their own systems and white label it if they choose to.
“There have been a number of stories recently, that a lack of integration between the systems and tools that brokers need to do their jobs is holding them back.
“This can mean they have to use many different pieces of software, sometimes entering the same information multiple times.
“Knowledge Bank’s API will help to minimise this issue, making it simpler for them to search for criteria, while also giving the lender or network more access to the data that Knowledge Bank holds.”
