- How do you pronounce “knnct”?
- How much does it cost to subscribe to knnct.com?
- How does each broker benefit as a subscriber?
- The mortgage industry has always worked using personal relationships. Why should I look for mortgage lenders using knnct?
- Is knnct.com affiliated with lenders or brokers?
- Does the knnct Platform work?
- Is the posting anonymous initially? And why anonymous?
- Detailed information about the mortgage loan deal and clients seeking a mortgage is online. Is security an issue?
- What’s the process for posting a mortgage loan deal?
- What’s the difference between lender searching for mortgage deals on their dashboard and receiving an email identifying a mortgage deal that matches their lending criteria?
- Got an ideal about something that could make the knnct Platform even better?
- What does knnct Markets do in terms of Data Protection and Security?
How do you pronounce “knnct“?
It’s pronounced “connect” because that’s what we do – we connect brokers with lender faster and easier.
How much does it cost to subscribe to knnct.com?
FREE, FREE, FREE – to brokers/agent and their clients.
Yes, every licensed broker is entitled to free access to the site and to post an unlimited number of mortgage loan deals to the knnct Platform including uploading all relevant documentation to the knnct.com secure cloud server and receive basic dashboard data.
How does each broker benefit as a subscriber?
Brokers get unprecedented access to lenders looking for mortgage loan deals. And, best of all, instead of you having to try to figure out which lender to send your deal to and hope that it fits and that they are lending, we send your deal to every lending using the knnct platform that has a lending criteria that matches your deal.
knnct’s two-way platform uses our proprietary algorithms to intelligently match AND connect those needing loans with those looking to lend money to improve the lending process and to make getting a loan easier for everyone involved – lenders, borrowers, and brokers. Brokers are presented with improved transparency and more lender choices, allowing them to offer their customers the best and most competitive loans.
We help mortgage brokers to successfully complete mortgage transactions more quickly by removing friction and uncertainty from the mortgage lending process. knnct has created a new, better and more efficient method of connecting mortgage brokers with mortgage lenders.
knnct.com is a completely independent technology company and is data driven – we aren’t affiliated with either brokers or lenders. We have a simple job – use data to successfully connect brokers with lenders solely to ensure that each mortgage loan is a perfect fit for both.
The mortgage industry has always worked using personal relationships. Why should I look for mortgage lenders using knnct?
We know that using personal relationships to get loans done has been a staple for more than 50 years. The intention isn’t to replace personal relationships, but we saw an opportunity to use technology to give brokers a way of connecting with mortgage lenders regardless of whether they have a personal relationship with that lender or not. And brokers no longer need to:
- cultivate relationships with lenders to get mortgage loans for their clients(s).
- track the lending criteria of lenders so that they can be certain that they are sending the right deal to the right lenders.
- worry whether the lender’s lending criteria is a fit for their deal.
- send mortgage applications and supporting documents multiple times to be certain that their deal is seen by as many lenders as possible, OR
- use email or fax to send documents to lenders
And once a broker receives an acceptable offer from a lender, the broker can contact the broker to start the process of finalizing the loan commitment and closing the deal.
The knnct.com technology platform does an amazing job of connecting lenders and brokers online with complete confidence and security. We’ve created a way for mortgage lenders and brokers to be 100% confident in the connections created and with the mortgage loan opportunities identified because we know that every time a connection is made between lender and broker, it’s because the mortgage opportunity is a perfect fit.
And not that we’re bragging but knnct.com is, quite frankly, a faster, better and more efficient way for mortgage lenders and brokers to connect and get deals done.
Is knnct.com affiliated with lenders or brokers?
knnct.com is a completely independent technology company and has no affiliations with either mortgage lenders or brokers.
We just don’t see any way that a broker can be comfortable knowing that they are posting information about mortgage loan deals and information about their clients on a platform owned by one of their competitors? It’s simply not possible.
And knnct is completely data driven and feel that this independence is incredibly important because we see our role as a pure intermediary between mortgage lenders and brokers working to facilitate mortgage transactions between brokers and lenders.
Our search engine is designed to deliver only those results that match the best based on a lender’s specific lending criteria. Results are delivered on that basis only.
We don’t put someone’s mortgage opportunity on a lender’s dashboard or send a deal summary to a lender just because they are paying us more. The only reason that mortgage deals come up in a lender’s search results is because that deal matches the lender’s specific lending criteria.
How we operate is the same for every lender and every borrower – ensuring complete integrity and transparency in the search process and results.
We are fixated on making the process of getting a mortgage loan easier, faster and less complicated – for lenders, brokers and clients by removing uncertainty and friction from the mortgage lending process.
Does the knnct Platform work?
In two words – HELL YES! Brokers post a mortgage loan deal using a single, uncomplicated point of entry for anonymously posting mortgage deals along with access to upload all relevant supporting mortgage loan deal information and documents online to knnct.com’s secure knnct data storage cloud ensuring maximum convenience and security.
With a simple mouse click, we give mortgage lenders of all sizes and every geographical location access to accurate, timely mortgage loan deal postings that meet each lender’s specific lending criteria together with ability to access all relevant mortgage documents and start the due diligence process online using the secure knnct.com cloud server.
The knnct Platform delivers successful mortgage lender and broker connections – it’s what we do. knnct.com connects lender and brokers based solely upon whether the mortgage opportunity is a mutual fit – the mortgage loan deal and the homeowner completely meet the lender’s specific criteria. Once the deal is posted, lenders that are looking for deals like yours will receive notification of your deal. We GUARANTEE it!
And knnct.com is independent – we aren’t affiliated by either brokers or lenders.
We have a simple job – to successfully connect lender and brokers solely because a mortgage loan deal is a perfect fit for both lender and broker.
Is the posting anonymous initially? And why anonymous?
After a broker posts a mortgage loan deal on the knnct platform (did we mention that it takes less than 5 minutes to post the mortgage loan deal) and that mortgage loan deal comes up in a lender’s search, the lender only sees a mortgage loan deal summary that is completely anonymous.
Privacy and integrity are paramount in using the knnct Platform. And that’s why the mortgage loan deal summary doesn’t disclose the name of the broker to the lender. We want to preserve the broker’s relationship with his or her client and we want to ensure that the lender provides each broker with their best offer for a mortgage loan.
Encryption as an important part of ensuring data privacy, which is why knnct has implemented all appropriate technical and organizational measures to ensure a level of security appropriate to the risk, including:
- The pseudonymization and encryption of personal data;
- The ability to ensure the ongoing confidentiality, integrity, availability and resilience of processing systems and services;
- The ability to restore the availability and access to personal data in a timely manner in the event of a physical or technical incident;
- A process for regularly testing, assessing and evaluating the effectiveness of technical and organizational measures for ensuring the security of the processing.
Mortgage brokers anonymously post mortgage loan opportunities to knnct’s data storage cloud ensuring maximum convenience and security. And only mortgage lenders whose lending criteria matches the mortgage deal are only given access to the mortgage deal summary together with access to all relevant mortgage documents.
The lenders that are viewing the mortgage deal only get as much detailed information about the mortgage loan deal as the broker is willing to disclose prior to reaching agreement with a lender based on an accepted offer. Lenders can provide brokers with an offer using knnct’s easy to use offer sheet. However, every lender that makes an offer to the broker is identified.
And once the broker has accepted a lender’s offer, the broker and lender can connect personally and take their relationship offline. And brokers are then able to upload additional documents that the lender requires using knnct’s secure cloud server.
And that’s also why we have all data and detailed information uploaded and accessible through the knnct.com cloud server. We don’t think brokers or lenders should be using either fax or email – which are incredibly unsecure and capable of being hacked or compromised – as means of communicating or accessing highly sensitive and private information. Our process and our security make privacy and integrity a certainty.
There is a better way! And it’s the knnct.com way!
Detailed information about the mortgage loan deal and clients seeking a mortgage is online. Is security an issue?
Absolutely not. Security is paramount for knnct. So, security for any of the brokers and lenders that subscribe to the knnct platform – whether brokers or lenders – will not be an issue. Knnct acknowledges and believes that the security of your client’s information is of paramount importance.
Mortgage brokers anonymously post mortgage loan opportunities to knnct’s data storage cloud ensuring maximum convenience and security. And only mortgage lenders whose lending criteria matches the mortgage deal are only given access to the mortgage deal summary together with access to all relevant mortgage documents.
knnct.com also understands the importance of privacy and integrity. All communication between subscribers on knnct.com happens through an “anonymous” email network. The names and contact information of all our brokers and lenders are kept confidential and secure until after a broker receives an offer from a lender (although the lender will know the name of the brokerage where the broker works). At that time, the broker will know the name of the lender but it’s only after a broker has accepted an offer that the broker name be disclosed to the lender whose offer has been accepted.
What’s the process for posting a mortgage loan deal?
We think it’s incredibly easily. After all, it takes less than 5 minutes to post the mortgage loan deal using our easy to use posting app.
We give mortgage brokers with a single, uncomplicated point of entry for anonymously posting mortgage loan opportunities and to upload all relevant mortgage loan deal information and documents online to knnct.com’s secure knnct data storage cloud ensuring maximum convenience and security.
What’s the difference between lender searching for mortgage deals on their dashboard and receiving an email identifying a mortgage deal that matches their lending criteria?
It’s all about lenders wanting complete convenience and knnct delivering that convenience.
Every lender subscriber has access the knnct Platform as often as they wish for mortgage loan deals that match their lending criteria – and, in turn, access to every broker that has posted mortgage loan deals that match their lending criteria.
But we live in a real time world where for both brokers and lenders, it’s about time and convenience.
For you as a broker, you be confident that lenders will receive real time notifications informing them that a mortgage loan deal that matches their lending criteria has just been posted on the knnct Platform. And you can be equally confident that if they send you an offer or have questions about your deal that you will also receive real notification of the offer or query.
If you receive a request from a lender for more detailed information, simply hit a button and provide them with your response. We want every subscriber to spend their time as efficiently as possible and doing all the things that will create the most value and highest return for them.
If I have ideas about what could make the knnct Platform even better, so you want to know?
Absolutely, we want the knnct Platform to be the fastest, easiest and most convenient way for brokers to get mortgage deals done. Send us a note to customerservices@knnct.com