Knowledge Bank Launches Full Release of AffCalc – An Innovative Affordability Tool for Mortgage Brokers

Knowledge Bank has now officially launched its revolutionary new tool AffCalc, marking its transition to full release. This means all brokers registered with Knowledge Bank, whether as full subscribers or trial users – now have access to the system. 

AffCalc brings a new level of precision to affordability assessments by fully integrating lender criteria into the calculation. Brokers can now assess affordability with far greater confidence, thanks to a system that aligns directly with lenders’ policy requirements. 

The full launch follows a highly successful beta and limited release, during which broker feedback directly influenced improvements to the tool. This is further testament to Knowledge Bank’s commitment to developing products that the broker market both wants and needs delivering practical, powerful solutions shaped by user experience. 

Knowledge Bank has also been overwhelmed by the positive response from lenders, many of whom have proactively requested to be added to the system. Lenders are already working closely with the Knowledge Bank team to facilitate this, with swift onboarding processes ensuring rapid access and integration. 

“We’re excited to open up AffCalc to our entire user base,” said Nicola Firth, CEO of Knowledge Bank. “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.” 

AffCalc introduces several innovative features to the affordability calculator market: 

• Allows brokers to make edits at any stage and re-run the calculation without restarting the process 

• Built-in criteria integration for added accuracy 

• API connectivity to enable seamless use within lender systems 

To support this launch, AffCalc will be available for all users to explore and test throughout October. 

AffCalc joins a growing suite of broker tools available through Knowledge Bank, the industry’s leading criteria search platform. With over 165,000 criteria and 265 lenders on the system, Knowledge Bank continues to innovate and deliver smarter solutions for brokers across all sectors of the mortgage market.