Steps of the Lending Process You Can and Should Automate
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 […]
How to Start Offering Consumer Financing Online
As a business owner, you want to convert and retain as many clients as possible. And some of them won’t be able to purchase your product in one payment. To build meaningful relations with the client and keep the economy working, consumer financing options are now more important than ever. In the increasingly digital economy, […]
How to Streamline and Digitize Branch Management in your Lending Operation
With the entire lending world going digital, your business can’t afford to spend invaluable time and human resources on offline branch and loan management processes. To compete successfully, lenders need an intuitive way to manage their branches online, as well as assign loans and employees to certain branches. TurnKey Lender addresses this need with built-in […]
10 Ways to Tell Which Loan Servicing Technology Provider is Best for your Business
Even in a world not suffering from a pandemic and economic fallout, loan servicing can often be a challenge, requiring time, effort, and — to an increasing extent — analytical resources. And because of its importance to the entire lending process and its multifunctional nature, loan servicing, along with loan origination, is where most human errors occur.   In more […]
How to Manage (reevaluate, edit, and delete) Collateral Assets in TurnKey Lender
Many lenders stay away from profitable secured loans because working with collateral assets can put a strain on a company’s resources. But, with today’s level of FinTech on the market, evaluating collateral, editing items, tracking, and maintaining a database of borrower assets can be put completely on autopilot to help you easily scale your business. […]
How to Create a Lender’s Regulatory Compliance Blueprint
From a regulator’s standpoint, it makes good sense to scrutinize lenders. Especially those that use online channels for account origination, funds transfers, and payments processing as this niche isn’t yet as well-controlled as brick-and-mortar businesses. That’s why it makes equally good sense for lending professionals to hardwire regulatory compliance into their business model and product […]
TurnKey Lender Helps Community Banks Modify Loan Terms in the Name of Economic Recovery
In the US, the federal government’s efforts to bolster the economy against the effects of the coronavirus pandemic have dominated the lending landscape since early April, with lenders pitching in to get partly-forgivable loans to small businesses reeling from the public-health crisis. The second round of the Small Business Administration’s Paycheck Protection Program still has […]
How to Make Decisions on Loan Applications with TurnKey Lender
Lending automation software vendors like to say that their credit-decisioning process is intuitive and quick. Here at TurnKey Lender, we prefer to show it.Â
How TurnKey Lender Helps Economic Development Corporations
Economic development corporations are location-specific organizations that exist to attract businesses to their regions. Typically structured as 501(c)(3) non-profits, and often allied with local chambers of commerce, EDCs are under pressure to respond helpfully to the coronavirus pandemic on behalf of regional businesses. Fortunately, innovations in lending technology make this easier to achieve.
We Surveyed 40+ Decision Makers in the Credit Industry on the Digitalization of the Lending Industry. Here is What They Think.
At the end of May 2020, as the financial world scrambles to adjust to the new reality, fintechs are in a unique position to grant SMEs and enterprises a truly intelligent and contactless digital lending process. TurnKey Lender, as a provider of the industry-leading Unified Lending Management (ULM) solutions, conducted a survey with lending business […]
TurnKey Lender Answers Digital Lending Questions for Community Banks
Like other forward-looking lenders, community banks require secure and scalable lending software that can be set up quickly, delivers an exceptional user experience for lender and borrower, and is flexible and robust enough to support all types of lending. Furthermore, moving to digitize its lending in this fashion, a community bank is arming itself to […]
Fully Automatic Loan Application: How to Apply for a Loan witn TurnKey Lender
Quick, easy to use, and efficient interfaces have gone from nice-to-have options to a key factor for lenders’ success in the current economy. The good news is that business doesn’t need to create a custom in-house solution for borrower onboarding. TurnKey Lender comes with both a sophisticated back and front-end built-in. The borrower portal and […]
