Looking for a
CloudLending Alternative?
We’ve compiled the full comparison of TurnKey Lender and Cloud Lending solutions to help organizations, who are looking to automate their lending processes to find the best match for their needs.
Good for
| Banks |
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|---|---|---|
| In-house-financing |
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| Alternative lending |
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Services
| Al-powered scorecard |
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|---|---|---|
| Credit scoring consulting |
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| Move data from CloudLending |
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Functionality
Front-office
5/5
4/5
| Application form |
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|---|---|---|
| Loan status notifications |
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| Editable loan applications |
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| Payments scheduling |
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| Informative customers dashboard |
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Loan Origination
5/5
3/5
| Adding new loan application |
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|---|---|---|
| Logging contact cases |
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| Reprocessing loan applications |
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| Searching, filtering, and sorting applications |
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| Changing loan terms |
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Underwriting
8/8
4/8
| Reprocessing applications |
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|---|---|---|
| Built-in scorecard |
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| Customizable scorecard |
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| Adjustable decision rules |
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| Credit bureau integrations |
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| Credit history |
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| Automated Loan Agreement generation |
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| Risk-based pricing |
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Collateral
5/5
5/5
| Multiple collateral types |
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|---|---|---|
| Adding multiple collaterals |
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| Collateral evaluation |
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| Collateral reevaluation |
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| Editing collaterals |
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Servicing
6/6
5/6
| Automatic payments |
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|---|---|---|
| Restructuring |
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| Viewing payment schedule |
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| Recalculation of the payment schedule |
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No data
|
| Logging payments manually |
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| Automated loan disbursement |
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Reports
5/5
3/5
| Credit portfolio |
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|---|---|---|
| Operational report |
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| Risk statistics |
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| Scorecard report |
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No data
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| Underwriters' productivity |
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No data
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and much more
7/7
4/7
| Blacklists |
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|---|---|---|
| Electronic signatures |
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| Automated email notifications |
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| Automated SMS notifications |
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| Multiple Credit Products |
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| Data export and import |
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| Coventans |
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