The founder and former CEO of mortgage broker Dynamo, Ying Tan, has today acquired a significant stake in Knowledge Bank.

Tan will join the board of the criteria search system, becoming Knowledge Bank’s non-executive chairman.

Knowledge Bank, which was set up by Nicola Firth and launched in September 2017, was at the point of its launch the first criteria search system that pulls together the most up-to-date criteria from lenders across residential mortgages, buy-to-let, equity release, second charges, bridging, commercial loans and self-build. The system now holds over 125,000 pieces of criteria from over 250 lenders.

Tan’s new role will see him responsible for leading the Knowledge Bank board and he will be joined by his colleague, Penny Desborough, who will also take a role on the board as a non-executive director.

“Since the successful exit from Dynamo in May, I have been inundated with angel investment opportunities and non-exec roles across many different verticals and industries,” Tan commented.

“With my mortgage and fintech background I have naturally been drawn to firms in this sector.  I have always thought very highly of Knowledge Bank, Nicola Firth and her team.  They are a true disrupter of the mortgage industry, innovating a system that has transformed the way that mortgage brokers search for criteria and the way that lenders themselves both display and use this information.”

Firth added: “We are delighted to have Ying and Penny join our board as we enter another exciting period of growth. We look forward to continuing to positively disrupt the market with the same passion and pioneering thought leadership that has revolutionised lending criteria research for both brokers and lenders so far."

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