The number of criteria has also increased by 10,000 to 28,327.
The new mortgage criteria searching system has seen 1,098 searches for criteria by brokers outside of business hours in the same three-month period.
Knowledge Bank allows brokers to instantly search for lenders that will cater for their clients, no matter what time of day or night.
Nicola Firth, CEO of Knowledge Bank (pictured above), said: “We have been over the moon by the number of lenders wanting to put their criteria on Knowledge Bank.
- Knowledge Bank launches packager access
- Brokers conduct almost 12,000 searches on Knowledge Bank
- Knowledge Bank introduces affordability calculators
“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.”
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