Software Systems for Direct Lending
Take advantage of rising rates, increasing demand
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The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.
eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.
We evaluated many systems and are happy to have chosen Turnkey Lender.
For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.
We evaluated many systems and are happy to have chosen Turnkey Lender.
For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.
eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.
The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.
Trusted by users:
Certified:
Opportunity
Private lending software: High demand. High risk-adjusted returns
The demand for direct lending has increased substantially over the past decade in response to tight business credit policies that cause more than three quarters of all traditional business loans to be declined. Middle market businesses have been hit the hardest, making them even more credit hungry. The direct lending product line has expanded as private lenders move beyond business loans to mortgage loans, and even student loans.
Obstacle
Competition from institutional investors. Technology requirements
Small, local direct lenders are being squeezed by big national and international funds. In a recent financial industry survey, 57% of institutional investors say they plan to allocate more assets to private lending. We’ve all been hearing the rumblings about financial deregulation and rising interest rates, and this news is making the category even more appealing. Big players, like hedge funds and insurance funds, use advanced technologies to improve operations and increase net interest margin. Small to mid-size lenders won’t be able to compete with generic software.
Solution
Fintech award winning, private lending software system
Turnkey Lender is here to resolve your direct lending needs with a fintech award winning technology platform. Our software system brings much needed automation and a proprietary credit scoring model that accelerates processing time, improves pricing decisions, automates account management processes, creates efficiencies, reduces bad debt, and keeps sensitive financial data secure in cyberspace.
The advanced credit scoring system uses predictive bad debt triggers to alert you to negative changes in a client’s credit score. Our platform is fully managed in the cloud. You’ll enjoy easy set-up without technical expertise. And a simple training process that’s built in to the workflow without cumbersome manuals or pop-ups. The rules-based foundation is regulatory compliant out-of-the-box.
Fully automated private lending software
Best practice workflows
Turnkey Lender’s customizable workflows allow you to adjust decisioning flow and business rules.
Advanced credit scoring
Your software comes out-of-the-box with a generic scoring template that evolves over time through machine learning. Alternative scoring models are easy to install with APIs.
Credit decision analytics
It is important to take a step away and analyze decisions. We provide all sorts of analytics so you can review and improve your credit risk strategy. See it for yourself with the free trial!
Advantages compared to other software systems for direct lending
Time to market
With Turnkey Lender you will optimize portfolio yield by working only with the most profitable customers. Predictive models will help you identify best rate and loan term.
Increased operational efficiency
Act fast by taking the right decisions, supported by artificial intelligence. You’ll see fewer manual reviews and more first pass approvals.
Modular architecture
Turnkey Lender works as a web app, so you can log in from anywhere and work on processing loan applications. There is no need to manually install software on all the desktop computers of your team members.
Powerful credit decisioning
Our clients use our software for a payday loan, student loans, auto loans, crowd sourced and peer-to-peer loans. We support micro lending in emerging economies and engage in complex credit bureau eco-systems.
IT support and customer service
We offer full technical support and we are always here to answer any questions. Our experts will guide you through every step of set up and customization process.
Fraud prevention
Our product is built out of units. You can start small and extend functionality later on. As you grow, the tool will grow with you! Modular approach makes us affordable for solo online lenders and mid-size financial institutions.
Lenders we serve
On average, here is the difference Turnkey Lender made for our clients:
has grown by
283%
has grown by
49%
has grown by
67%
origination, underwriting, collateral, servicing, collection and reporting. Request a Demo
from Turnkey Lender Blog
Will your lending program be GDPR compliant by May?
General Data Protection Regulation (GDPR) goes into effect on May 25, 2018. That’s just three short months away, and most companies say they aren’t ready. According to survey results published by Ovum, two-thirds of global companies believe they’ll need to change their business strategy to conform to new security guidelines. And half the businesses governed by GDPR believe they’ll be fined for non-compliance.
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