Users of Iress’ Xplan Mortgage software are now able to check mortgage product criteria using Knowledge Bank.

Since the coronavirus issue took hold in the UK along with the various announcements regarding payment holidays, there have been 4,000 criteria changes, and before this, 9,200 in Q1 2020.

“It is clearly impossible for anyone to keep this in their head,” says Knowledge Bank chief executive Nicola Firth.

She adds: “This integration with financial technology company Iress, and its mortgage software Xplan, means that brokers can now search for both products and criteria all in one place receiving the most accurate and up-to-date information.”

Iress executive general manager of product Andrew Simon adds: “We’re thrilled to be integrating with Knowledge Bank. At this particularly difficult time in the market we’re trying to make the lives of our customers easier and this integration means that, rather than spending time checking lending criteria, they can focus their efforts on where it’s most needed – on advising their clients and providing value.”