CCR Magazine

You are here  :Home arrow News arrow 1098 brokers search Knowledge Bank out of hours as lender numbers exceed a hundred
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


1098 brokers search Knowledge Bank out of hours as lender numbers exceed a hundred PDF Print E-mail
Wednesday, 06 December 2017
In the three months since September, the number of lenders with criteria on Knowledge Bank has increased to more than one hundred, while the number of criteria has increased by an incredible 10,000, from 18,000 to 28,327.

1,098 searches for criteria have been carried out, outside of business hours by brokers in that three months. Knowledge Bank which officially launched three months ago this week, reveals the significant number of brokers looking to place business outside of usual help desk hours.

For brokers relying on help desks or BDMs for advice on where best to place their client’s case, this would have meant a delay before Knowledge Bank, sometimes followed a significant time period on the phone when they could be seeing other clients. Using Knowledge Bank, those brokers can now instantly search for the lenders that will cater for their clients, no matter what time of day or night. This is giving them the ability to place that business straight away if they choose to, saving them time and providing them with the ability to see more clients if they choose to.

Nicola Firth, CEO of Knowledge Bank says, “We have been over the moon by the number of lenders wanting to put their criteria on Knowledge Bank. The number of brokers looking to place business outside of normal working hours shows they have been justified as the lenders whose criteria does not yet appear are potentially missing out on business.

“Within a three-month period, there have been 1,098 occasions where brokers were placing cases out of hours where, had they just been reliant on speaking to BDMs or help desks, they would have had to wait until the following business day to get the answer. Instead these brokers were able to crack on and place the case and start on new business the next day. This simple equation means that, due to Knowledge Bank, they are now able to get to the answers more quickly and therefore place more cases, see more clients and earn more money.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197