Knowledge Bank has recently announced the development and introduction of its criteria search system, application programming interface (API).

The bank’s API will allow lenders, networks, mortgage clubs, distributors and brokers to connect to Knowledge Bank and draw on its “vast” amount of criteria data. Once they have obtained the data, it can then be used by their own systems with their own branding, effectively integrating some or all of Knowledge Bank’s criteria functionality into their own company.

Furthermore, the API will integrate with brokers’ CRM systems, which can save evidence of research directly into a broker’s system against a client’s file.

Knowledge Bank CEO Nicole Firth said: “Lenders, some networks and clubs have been crying out for Knowledge Bank to launch an API so that they can integrate Knowledge Bank into their own systems and white label it if they choose to.

“There have been a number of stories recently, that a lack of integration between the systems and tools that brokers need to do their jobs is holding them back. This can mean they have to use many different pieces of software, sometimes entering the same information multiple times. Knowledge Bank’s API will help to minimise this issue, making it simpler for them to search for criteria, while also giving the lender or network more access to the data that Knowledge Bank holds.”

Knowledge Bank claims to have more than 60,000 criteria listed from over 100 lenders, spanning residential, buy-to-let, second charges, equity release, self-build and overseas mortgages.

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