Knowledge Bank partners with UTB to create industry-first digital criteria guide
Knowledge Bank, the largest database of mortgage lending criteria, has partnered with specialist lender United Trust Bank (UTB) to create a bespoke digital criteria guide.
The guide is the first of its kind and provides detailed information on all of UTB’s residential, second charge and bridging criteria.
All of UTB’s criteria are now available to brokers and when the lender updates anything on the Knowledge Bank lender portal, it automatically updates the digital product guide in real-time.
“This new digital criteria guide shows the technological options that are available for lenders to improve the process of working with brokers.” Matthew Corker, operations director at Knowledge Bank said.
“The days of brokers having to constantly update a spreadsheet are a thing of the past. Technology has improved a variety of industries and by using criteria search systems brokers can now save themselves hours.
“Forward thinking lenders like UTB are constantly looking for technical innovations and by creating a digital criteria guide they’ve simplified the process for brokers to know what they will lend on.”
Mike Walters, Sales Director – Mortgages, United Trust Bank added: “We’re always looking for ways to help brokers write and complete more business and this initiative continues our investment in innovative technology which both simplifies and accelerates the broker journey from sourcing to pay out. We’re big fans of Knowledge Bank and it’s great to work with a company which shares our desire to develop technology which really adds value.
“Like UTB’s auto-underwrite and online DiP system, this digital criteria guide will be available 24/7 and it’s free to use, even if you’re not a Knowledge Bank account holder. It’s a great feature for brokers wishing to ‘self-serve’ and of course our team will still be available to talk through our criteria if brokers prefer to give us a call.”