Knowledge Bank has introduced the launch of its Residential Affordability Calculator, the primary product from the enterprise that strikes past standards into affordability evaluation.
Nicola Firth
The new characteristic, obtainable as an add on for subscribed customers, is called – AffCalc and is launching on a restricted distribution foundation, with full launch to observe in October.
Launching with residential affordability, AffCalc allows brokers to edit shopper knowledge as they go and see lenders fall away in actual time, providing visibility and management through the recommendation course of.
Rather than counting on static outputs, brokers can now alter inputs and watch the impression immediately, making complicated affordability checks quicker, clearer, and extra correct.
Commenting on the launch, Knowledge Bank chief govt and founder Nicola Firth stated:
“Aff Calc delivers extremely personalised and correct ends in seconds. It strikes away from the ‘numbers-in-numbers-out’ fashions and for the very first time supplies brokers with an clever calculator which can solely return outcomes the place the lender will lend making an allowance for 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 trust within the circumstances they obtain from brokers utilizing Aff calc because it’s utilizing standards knowledge enter straight by them to drive dependable an correct end result.”
