Knowledge Bank rolls out full release of affordability calculator

AffCalc, which was previously available to selected brokers by limited release, works by fully integrating lender criteria directly into its affordability calculations, and the full roll-out was shaped by broker feedback of the system.

Additionally, the tool allows brokers to make edits at any stage and re-run the calculation without restarting the process, and has API connectivity to work with lender systems.

Knowledge Bank says that new lenders are being onboarded quickly to facilitate quick integration with as many lenders as possible.

Nicola Firth, CEO of Knowledge Bank, said: “We’re excited to open up AffCalc to our entire user base. It’s a powerful new tool that combines affordability and criteria in a single check – helping brokers  save time and approach lenders with greater confidence.”