Lending software blog

Unified Lending Management at the Turn of a Key

TurnKey Lender is changing how businesses everywhere succeed. The six-year-old company puts state-of-the-art lending software in the hands of businesses of all sizes, using proprietary technology that securely digitizes every step of credit management.  Read more…

TurnKey Lender 2019 Year In Review:  Achievements, Recognition, Events, and the Best AI Software in the Industry. 

As we head into a new decade, we reflect on 2019 and what it meant for the lending industry and our team here at TurnKey Lender.  We are proud to have a company atmosphere instilled from our founders of Why not?” This continuously innovating and testing mentality is built into our core company values and allows us to continuously create the most intelligent software available in the lending market. 

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TurnKey Lender Team
How to Build a Digital Loan Origination Process in 10 Easy Steps

Today, the digital economy enables many different opportunities for lenders and the stakes are high as borrowers want to get their financing where they need it, when they need it and how they want it. At the same time, setting up the best possible digital processes for your borrowers from the first try is no easy task.  We put together a ten-step process to truly launch an automated digital loan origination process for your lending business.   Read more…

The Challenges of Running an Online Lending Business

There is absolutely no denying that the lending game has changed in the last few years. Borrowers’ tastes have simply evolved, and traditional banks and credit unions are experiencing a consistent drop in popularity.

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What Is the Digital Transformation of Banks (an In-Depth Guide)

Digital transformation for banks means making a brave and a long-overdue step toward intelligent automation and processes streamlining. But with the right tools, digitalization not only pleases the clients but also leads to a reduction in operational spending, an increase in efficiency, and growth in the core business.

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Steps of the Lending Process You Can and Should Automate in 2020

The belief that alternative lenders can’t compete with large-scale financial institutions simply isn’t true anymore. And not just alternative lenders, pretty much any SME, retailer, e-commerce or manufacturer can deploy a fully-fledged bank-grade lending program from scratch within days and reap the benefits that would previously go to a bank. With little to no extra effort.
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SME Borrowers – Optimal Target Audience for Alternative Lenders

A new breed of entrepreneur has created an untapped niche for digital lenders. These upstarts left their corporate positions to start lucrative new business ventures from a shared workspace or a home office. They’re an interesting mix of people with one thing in common – a bright entrepreneurial spirit. It’s all good news for alternative lenders, because you’re their first choice for business funding.  

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How to Face the Loan Decisioning Challenges of Today With Automation Solutions

To make it in today’s lending industry, your loan decisioning process has to be quick, low-risk, and accurate. It’s one of those crucial elements that either make or break a lending business. Decisioning can take days, rely on outdated rules, and scorecards or it can be powered by unorthodox data sources and analysis approaches and allow new-era lenders to compete and outperform large-scale rivals. The choice is yours. 

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15 Tools to Automate The Day-to-Day of Your Lending Business

This is a guest post from the Clutch.co team

Launching and managing a lending business can be quite an undertaking. But there are plenty of ways to make it easier. A comprehensive and intelligent technology stack should be your first step when it comes to building a successful and productive loan operation. It could prove to be one of your most important decisions.

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