OMS users need to own a Knowledge Bank licence or buy one through the platform to use the full criteria sourcing system within OMS. They will also be able to use the standalone version of Knowledge Bank.
The standalone version of Knowledge Bank can also be bought through OMS.
By having Knowledge Bank built in to OMS the criteria sourced from the system pre-populates the client fact find.
OMS users without a Knowledge Bank licence will still see responses but they will be restricted until a full licence has been purchased.
Knowledge Bank holds almost 100,000 individual criteria that is kept up to date lenders in the residential, buy-to-let, equity release, self-build, second charge and overseas mortgage markets.
Neal Jannels, managing director of OMS, said: “The complexity of the specialist mortgage market has been viewed as a major tech barrier for far too long and we are always looking for ways to better support the intermediary market in this area.
“This integration will help elevate our system to the next level and we will be working closely with the Knowledge Bank team to continue innovating and expanding the reach of our respective solutions.”
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