Fully Automatic Loan Application: How to Apply for a Loan witn TurnKey Lender

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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 […]

Boost Credit Decisioning Accuracy with Bank Statement Scoring

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Nothing speaks better to the borrower’s credibility than the structure of their income, their daily expenses, and their consumer behavior. New economic and health challenges are now dictating new rules for processing and approving loans. What we are finding is that traditional borrower evaluation approaches are no longer sufficient. Lenders need to innovate and implement […]

How to Customize Loan Decisioning Rules in TurnKey Lender

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With the new challenging economic reality, the demand for loans has grown and lenders have to adjust their borrower evaluation and decisioning workflows. A sophisticated set of decision rules helps reduce the strain on loan origination officers, cuts credit risks, and streamlines the performance of a business. Decisioning rules help lenders automate loan origination processes […]

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

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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 Decisioning can take days, rely on outdated rules, and scorecards or it can be powered by unorthodox data sources and analysis approaches and […]

How to Process Loan Applications and Approve More Loans Faster

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Consumers choose speed and convenience over price, even when it comes to their finances. That’s why successful lenders strive to deliver instant approvals, and 1-day funds transfers. They’re training borrowers to expect quick action with every application. Can your lending operation approve loans at warp speed, without sacrificing credit quality?

One Day Funding – The New Norm in Digital Lending (How to Adjust)

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Consumers don’t love technology. They love the speed and convenience that technology delivers. Digital lenders who capture the lion’s share of new loans in today’s fiercely competitive marketplace, do so by minimizing a metric called time-to-funding. They regularly grant access-to-funds within 24 hours after the applicant clicks the submit button. Is your lending infrastructure up […]

Why Scoring Model Is What Makes or Breaks a Lending Business

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No credit scoring model will be able to tell you with a 100% certainty whether a borrower will return the funds or not. But for the lack of a better system, lenders rely on the existing models, use alternative ones, a combination of the two or develop their own, proprietary algorithms. The reliability and accuracy […]

Onboarding for Alternative Lenders Is Like a First Date, It Pays to Get It Right

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Your primary goal as an alternative lender is to maximize portfolio profits, and the first critical step in the process is onboarding. It’s like a first date. It sets the stage for the entire relationship. You can use automation software to gain process efficiencies, but it takes enthusiasm and creativity to truly engage the new […]

Platform   

Flexible loan application flow

Automated payments and loan servicing

Efficient strategies for all collection phases

AI-based consumer and commercial credit scoring

Use third-party data and tools you love.

Consumer lending automation done right

Build a B2B lending process that works for you

Offer payment options to clients in-house

Lending automation software banks can rely on

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