United States
credit-union

Lending Software for Credit Unions

Grow membership improve loan decisioning

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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

I strongly recommend the services of Turnkey Lender and I am looking forward to working with the team again.

Berj Arakelian
Allegro Finance
USA

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

I strongly recommend the services of Turnkey Lender and I am looking forward to working with the team again.

Berj Arakelian
Allegro Finance
USA

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Opportunity

Credit union software: 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.

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credit-union-obstacle

Obstacle

Tight budget and limited manpower

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.

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.

Solution

Cloud-based software for credit unions

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.

Fully automated lending solution for credit unions

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Best practice workflows

Turnkey Lender’s customizable workflows allow you to adjust decisioning flow and business rules.

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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.

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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 credit union software

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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.

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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.

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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.

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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.

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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.

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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.

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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