- How do you pronounce “knnct”?
- How much does it cost to subscribe to knnct.com?
- How do I benefit as a subscriber?
- The mortgage industry has always worked using personal relationships. Why should I look for mortgage loan opportunities online?
- How does a lender find the deals?
- 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 inputting your lending criteria?
- What if I have more than 1 lending criteria?
- What’s the difference between searching and receiving connected results?
- Does knnct.com guarantee satisfaction? How does it work?
- Got any ideas that could make the knnct Platform even better – just let us know.
- 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?
Lenders pay only on successful transactions – so there is NO risk to using knnct! Fees for successful connections only are different depending on the type of transaction. Fees on Residential transactions are 15bps of the transaction value, capped at $500 per deal. Fees for Construction and Commercial deals are a simple 20 bps of the transaction value of each deal.
How do I benefit as a subscriber?
Lender subscribers get unprecedented access to brokers and mortgage loan deals.
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.
This enables you, as a lender, to source mortgage lending opportunities knowing that each opportunity meets each lender’s specific lending criteria. And lenders get real time notifications of all mortgage loan opportunities that meet their lending criteria. We create new opportunities and connections for mortgage lenders and brokers that enable them to successfully complete mortgage transactions by removing uncertainty from the mortgage lending process. We’ve created a new, better and more efficient method of connecting mortgage lenders and brokers.
knnct is a digital lead generation engine for lenders providing each lender with increased deal flow AND deals that match their specific lending criteria. Additionally, lenders no longer need to manually cultivate and manage relationships with brokers or borrowers one at a time and knnct’s automation of the deal analysis and matching process creates cost savings and other efficiencies.
knnct.com is completely independent and data driven – we aren’t affiliated by either brokers or lenders. We have a simple job – use data to successfully connect lender and brokers solely because a mortgage loan deal is a perfect fit for both.
The mortgage industry has always worked using personal relationships. Why should I look for mortgage loan opportunities online?
We get that personal relationships have been a staple of the lending sector for more than 50 years. But we created a technology platform that delivers connections that are a perfect fit – 100% of the time in real time! No amount of incredible personal relationships between mortgage lenders and brokers can make the same claim.
knnct.com seamlessly connects mortgage lenders and brokers online enabling lenders to source mortgage lending opportunities with 100% confidence that each opportunity meets their specific lending criteria.
The knnct.com technology platform does an amazing job of connecting lenders and brokers online with complete confidence and security. We 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.
knnct.com is, quite frankly, a better and more efficient way for mortgage lenders and brokers to connect and get deals done.
And we absolutely guarantee that every paid annual subscriber will be satisfied with the results! See detailed information about our guarantee at https://www.knnct.com/guarantee .
How does a lender find the deals?
There are 2 ways. First, we send every deal that matches your lending criteria directly to your inbox – so real time notification. Secondly, you can browse your dashboard any time that’s convenient to look for deals that have been posted.
Is knnct.com affiliated with lenders or brokers?
Nope, no, nyet, nein, absolutely not.
knnct.com is completely independent of both mortgage lenders and brokers. We simply don’t see how a lender be comfortable knowing that they are providing information about loans on a platform owned by one of their competitors. It’s just not possible.
And we are completely data driven and feel that this independence is incredibly important because we see our role as a pure intermediary between lenders and brokers and working for both mortgage lenders and brokers.
Our search engine is designed to deliver only those results that match the best based each lender’s specific lending criteria. Results are delivered on that basis only.
We don’t notify you about a broker’s mortgage loan deal or put that deal at the top of your dashboard because that broker is paying us more. The ONLY reason that mortgage loan deal opportunities come up on your dashboard or you get an email notification is because that deal matches your specific lending criteria.
Our fees are identical for every lender – ensuring complete integrity and transparency in the search process and results.
We are fixated on enabling you to successfully complete mortgage transactions as quickly and easily as possible by removing uncertainty from the mortgage lending process.
Does the knnct Platform work?
Brokers post a mortgage loan deal opportunity using 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’s secure knnct data storage cloud ensuring maximum convenience and security.
With a simple mouse click, we give each mortgage lender subscriber 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. Lenders of all sizes and every geographical location have equal access to make an offer to the broker that has posted a deal that matches their lending criteria.
The knnct Platform delivers successful mortgage lender and broker connections 100% of the time. 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. And we GUARANTEE it!
For lenders using knnct, there’s no such thing as a denial – simply a deal that matched their lending criteria, but the lender elected not to make an offer on – at their sole discretion. We’re not saying that in every case that you will finalize the commitment, or that due diligence won’t disclose some challenges or that every deal will close but we are saying that if the lender received notification of a mortgage loan deal, it will be because that deal matches the lender’s lending criteria. 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 and that mortgage loan deal comes up on your dashboard or you receive an email notifying you about a deal that matches your lending criteria, the lender only sees a mortgage loan deal summary that is completely anonymous. The mortgage loan deal summary won’t even disclose the name of the broker to the lender.
Every lender has access to 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. The reason for the broker being anonymous at this stage is because the focus of the knnct platform is about the connecting lenders with brokers based on the deal itself.
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, lenders will be notified of the name of the broker and the broker and lender can take their relationship offline.
Privacy and integrity are paramount in using the knnct Platform. And that’s why we keep the search process completely anonymous until both lender and broker have connected in some meaningful fashion.
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 and privacy are paramount for knnct and for lenders, brokers and borrowers. knnct acknowledges and believes that the security of every client’s information is of paramount importance.
Global privacy regulations have put strict rules on how organizations store and keep secure customers’ data. knnct uses data encryption practices to make it safer for the data that are uploaded by brokers and stores on our secure cloud server and to reduce the risk of data sprawl.
Encryption as an important part of ensuring data privacy, which is why has implemented 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.
knnct.com also understands the importance of privacy and integrity. All communication between subscribers on the knnct platform 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. 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 inputting your lending criteria?
We think it’s incredibly easily. After all, it takes less than 5 minutes to input the information that tells our platform what types of deals that you are looking for and what’s most important to in terms of managing risk– because we don’t want you to waste your time looking at deals that don’t match your lending criteria.
And you can make changes to your lending criteria at any time. As soon as you change your criteria, you will start seeing deals that match that criteria. – both on your dashboard and in the email notifications that you receive about deals.
What if I have more than 1 lending criteria?
At the present time, we are set up so that you have only 1 lending criteria. But we are working hard to make changes that will allow lenders to be able to have more than 1 lending criteria in the near future.
And you can make changes to your lending criteria at any time. As soon as you change a criteria, you will start seeing deals that match that criteria. – both on your dashboard and in the email notifications that you receive about deals.
Why do you provide deal summaries?
We recognized that it’s a real time world for lenders where it’s all about time and convenience. So, knnct provides lenders with a ‘Coles Notes” deal summary that should give you all the information that a lender needs to decide about whether the deal is a deal that’s fundable. Every deal will match your lending criteria but not every deal is fundable – for a variety of reasons.
knnct’s automation of the deal analysis and matching process is designed to create cost savings and other efficiencies for lenders.
What’s the difference between searching and receiving connected results?
Nothing really. But we live in a real time world where for most lenders, it’s about time and convenience.
You will receive email notifications telling as mortgage loan deals are posted to the knnct Platform that match your lending criteria or you can simply review all mortgage loans deals that match your lending criteria on your dashboard at any time.
You can take advantage of both ways of viewing deals at your convenience – it’s all about what makes most sense to you.
Read a mortgage loan deal summary and decide whether you want to review any of the relevant documents that that broker has uploaded. If you like what you see, you can use the knnct easy to use offer app to quickly provide the broker with an offer for the mortgage loan – and the broker will receive that offer in real time.
If you want more detailed information from the broker, simply hit a button and request more information. We want every subscriber to spend their time as efficiently as possible and doing all the things that will create the highest return for them.
Does knnct.com actually guarantee satisfaction? How does it work?
Yes, knnct.com completely guarantees satisfaction through a money back guarantee for all paid subscribers that subscribe on an annual basis.
Every subscriber that commits to an annual subscription AND pays the annual subscription fee will recover a minimum of 150% of the cost of their annual fees through fees received from successful connections through the knnct Platform OR knnct.com will refund the entire annual subscription fee.
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 firstname.lastname@example.org