Knowledge Bank has introduced the launch of its Residential Affordability Calculator, the primary product from the enterprise that strikes past standards into affordability evaluation.
The new characteristic, obtainable as an add on for subscribed customers, is known as – AffCalc and is launching on a restricted distribution foundation, with full launch to observe in October.
Launching with residential affordability, AffCalc permits brokers to edit consumer information as they go and see lenders fall away in actual time, providing visibility and management in the course of the recommendation course of.
Rather than counting on static outputs, brokers can now regulate inputs and watch the influence immediately, making complicated affordability checks sooner, clearer, and extra correct.
Commenting on the launch, Knowledge Bank chief govt and founder Nicola Firth mentioned:
“Aff Calc delivers extremely personalised and correct leads to seconds. It strikes away from the ‘numbers-in-numbers-out’ fashions and for the very first time supplies brokers with an clever calculator which is able to solely return outcomes the place the lender will lend taking into account standards that impacts affordability in addition to the figures.”
She provides: “This stops brokers from spending time on circumstances the place the affordability matches however the place it later falls down on standards. Lenders can even believe within the circumstances they obtain from brokers utilizing Aff calc because it’s utilizing standards information enter straight by them to drive dependable an correct end result.”
