Knowledge Bank has launched its new tool AffCalc, marking its transition to full release.

AffCalc allows brokers to make edits at any stage and re-run the calculation without restarting the process.

It also has built-in criteria integration and provides API connectivity to enable seamless use within lender systems.

The launch means all brokers registered with Knowledge Bank now have access to the system.

It follows a successful beta and limited release, during which broker feedback  influenced improvements to the tool.

Knowledge Bank chief executive officer Nicola Firth says: “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.”