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.

Christopher Reed
Principal
Shepard Capital Partners
USA

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.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

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.

Robert Farmer
Owner
QuickPound

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

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.

Robert Farmer
Owner
QuickPound

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.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

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.

Christopher Reed
Principal
Shepard Capital Partners
USA

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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.

direct-lending-opportunity
direct-lending-obstacle

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!

We offer 14-days free trial. Upgrade or downgrade any moment. Request Free Trial Now

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.

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On average, here is the difference Turnkey Lender made for our clients:

Operational efficiency
has grown by

283%
Total portfolio profitability
has grown by

49%
Client lifetime value
has grown by

67%
See how we automate every step of online lending:
origination, underwriting, collateral, servicing, collection and reporting.
Request Free Trial Now

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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