Knowledge Bank launches real-time product updates amid turbulent market
Knowledge Bank launches real-time product updates amid turbulent market
The criteria search platform will send out daily emails every evening with a summary of changes on both criteria and products and live on-screen banners will also allow brokers to see product changes in real-time.
The move comes as 41% of mortgage products have been pulled since Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget last Friday sparked volatility in the sterling funding market, according to Moneyfacts.
The platform says: “Some product sourcing systems and even lenders themselves have admitted they are struggling to keep up with the changes due to their manual update processes.
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