MCI Club enhances onboarding with Knowledge Bank integration

MCI Club enhances onboarding with Knowledge Bank integration
17.06.2020 04:25 pm

MCI Club enhances onboarding with Knowledge Bank integration

Banking

MCI Club has integrated its digital broker platform Burrow into Knowledge Bank’s API to provide brokers with up-to-date criteria information when qualifying new and existing mortgage customers.

Through the Burrow platform, potential borrowers coming from search engines, a broker’s website or other channels, by answering just a small set of questions, will receive a qualified, personalised mortgage report. This is then available to the broker, enabling them to engage effectively with the customer. 

The mortgage report uses a combination of product, affordability and criteria sourcing data. The Knowledge Bank integration provides more qualified and up-to-date eligibility information so that customers receive the widest possible range of representative options.

With a number of back-office integrations and notification options available to the broker, Knowledge Bank’s inclusion into the platform continues to enhance the qualification and onboarding journey for customers seeking mortgage advice.The integration also enables Burrow to scale its coverage of lenders and criteria more rapidly.

Pradeep Raman, Director of Digital Solutions at DPR Group, owners of the MCI Club and Burrow commented, “Burrow is about bringing together best-in-breed technology solutions to provide truly unique ‘customer onboarding as a service’ to the mortgage market and reflecting how UK consumers are demanding to engage with financial services. Digitising the fact-find process, and providing borrowers with an engaging and detailed instant mortgage report, means that brokers can focus on what they do best: providing quality advice in a faster and slicker way.  Burrow is there to help brokers stay ahead of the curve and ensure they are at the forefront of digital transformation in financial services.”

Nicola Firth, CEO of Knowledge Bank, said, “Innovative technology providers such as Burrow and MCI Club recognise the value that criteria data adds to the advice process. Knowledge Bank is the UK’s most comprehensive mortgage criteria search system. By integrating with Knowledge Bank, the Burrow digital broker experience translates responses from consumers and matches these against over 100,000 criteria from more than 200 lenders. The effect will be to take client qualification to a new level, providing a wholly unique consumer experience and enhancing the reputation of the brokers who use both Burrow and MCI Club.”

Head of MCI Club, Melanie Spencer, added, “Following the launch of the Burrow platform in March 2020, we’ve continued to onboard several broker firms onto Burrow and they are already receiving greater volumes of qualified enquiries as the mortgage market re-establishes itself after the COVID-19 lockdown. Knowledge Bank increases the credibility of the platform by providing more up-to-date and qualified data to the end-consumer, ensuring better and more relevant conversations with our member brokers.”

Related News

RBI publishes second edition of CEE Fintech Atlas

Today, Raiffeisen Bank International (RBI) is launching the second edition of its CEE Fintech Atlas. It provides a profound overview of 19 fintech ecosystems... Read more »

Robocash Group runs pre-IPO round to launch its Philippine neobank

Getting prepared for an initial public offering (IPO) on the Australian Stock Exchange (ASX) in December 2020, Singapore-headquartered ... Read more »

Cognitive Credit and IHS Markit enter strategic alliance to collaborate on global credit data services

Cognitive Credit, the UK-based credit analytics software company, is pleased to announce a new alliance that brings best-in-class credit market data from IHS Markit to the... Read more »

Sopra Banking Software signs strategic partnership with Tink

Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open... Read more »

iProov to provide biometric technology to challenger bank Knab, part of AEGON

Today, iProov is proud to announce that its technology is to be deployed by Dutch challenger bank Knab, to provide an effortless online biometric experience to its nearly 500,... Read more »

FintechOS named the hottest FinTech Startup in Europe

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel