Improve efficiencies. Meet reporting requirements. Improve profits.Fintech tools like managed lending software can substantially increase operational efficiencies. And it can integrate multiple databases, making it faster and easier to produce comprehensive monthly performance reports for your stakeholders.
Tights budgets, and limited manpower.Credit Unions extend a large number of personal and small business loans to their local residents. You’re always working to do more with less. Tight budgets make it difficult to afford the kind of software systems that would automate operational processes, and satisfy consumer demand for new products like online lending.
Fully managed, cost effective lending software system.Credit Unions along with most community banks struggle to manage their top three pain points: stringent reporting requirements, legacy IT systems and thin profit margins. As well as consumer demand for new products and new delivery channels like digital-only lending programs. Turnkey Lender brings much needed resources to the community lending arena, by creating an inexpensive and accessible cloud-based software system for digital lenders. This software does triple duty by alleviating all three of your top pain points. This fully managed, all-in-one lending software system streamlines loan origination, account management, and payments processing. It improves profit margins in two ways. First, it supports your loan managers with much needed automation, so they can focus on evaluation and decision-making activities. Second, our proprietary credit scoring system controls bad debt and improves your risk profile with improved upfront evaluation and accurate risk-based pricing. The system is constantly updated using fresh data from the credit bureaus along with machine learning and internal analysis. Turnkey Lender cloud-based architecture is easy to install without IT support. Software upgrades, including new regulatory compliance rules, are automatic at a platform level. And your team will learn the system just by following the intuitive workflow. Plus you and your customers enjoy 24/7 tech support and customer service. With Turnkey Lender your Credit Union gets all these features at a highly affordable price point. Your operation will enjoy the benefits of automation, advanced credit scoring, faster processing time, an improved risk profile, and high level data security.
Turnkey Lender helped us with increasing efficiency of our scoring model in Jan-Feb 2016. They provided the highest level of consulting and technical support services. Jonathan Sarmina, Ceo Moneyveo, Mexico
Credit Union Software System – Key Business BenefitsClick on Turnkey Lender Software Systems for Credit Unions to learn more about our key business benefits.
8 Key Factors When Choosing Lending SoftwareChoose The Right Lending Software for Your Business.
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