You’ll enjoy 6 key advantages with Turnkey Lender compared to other lending software:
- improved portfolio yield and profit
- increased decision speed and operational efficiency
- fast, easy deployment without IT expertise
- supports all types of lenders and loans
- 24/7 technical support and customer service
- affordable investment.
1. Improved Portfolio Yield, ProfitWe can’t generate new leads for you, but Turnkey Lender can substantially increase your conversion rate and profitability. You get an award-winning, fully managed, origination and loan servicing software that’s regulatory compliant right out-of-the-box. It includes cutting-edge features like proprietary credit scoring for improved risk assessment and better credit decisions. Plus predictive triggers that flag bad debt and marketing upsell, cross-sell opportunities. All these features work together to optimize portfolio yield. In addition, you’ll enjoy automatic software upgrades and all new releases, including compliance updates that keep you on top of constantly changing banking regulations. Our software system incorporates machine learning and data analysis. The generic scoring template adapts to individual loan applicants and evolves intelligently over time. The foundation architecture can be enhanced from our library of alternative scoring models using APIs. So individual lenders can easily create a custom software solution that’s scalable over time.
Loan Origination – Features & Functionality
- Automated decision-making and borrower evaluation cycle
- Automated calculation of optimal loan parameters: loan amount, the term of the loan, interest rate, etc.
- Customer risk segmentation
- Flexible management of the lender’s credit rules, credit policies, and scoring models
- Remote access for distributed sales points
- Setting individual evaluation processes for different products, portfolio segments, and business lines
- Evaluating the efficiency and adequacy of the loan origination system’s performance and staff productivity
- Ability to swiftly adjust credit policy (new lending rules, changes in lending rules, appropriate risk margin)
Loan Servicing – Features & Functionality
- Digital statement capability to supplement or even replace high cost paper statements
- Automatically tracks all interactions between lender and borrower, including payment history and customer service queries
- Automatically updates borrower credit bureau data
- Push communications via SMS, text and/or email for account alerts and payment reminders
- Customers can upload documents for fast, easy application review
- Customers can make payments via direct debits and auto-pay features