Loan origination software is an essential tool in today’s highly competitive lending arena, especially digital lending using mobile apps. These borrowers expect instant approvals. Or they quickly move on to other options.
With Turnkey Lender you get cutting edge benefits and a much needed competitive advantage:
- Automated application process books more accounts, faster and with less manpower.
- Proprietary credit scoring model reduces credit risk and improves portfolio yield.
Automation Increases Decision Speed and Operational Efficiency
Turnkey Lender automates the process for you. Our origination software system supports borrower evaluation and underwriting in three distinct ways:
- best practice workflows
- advanced credit scoring techniques
- credit decision analytics.
The result is an improved process that substantially reduces the amount of time required for an application decision. You’ll see fewer manual reviews and more first pass approvals. Decision speed is critical to expedite auto loans, process more retail loans, and provide more medical loans. Any type of loan where consumers can easily submit multiple applications while they wait for your decision. The first responder will likely win their business.
Your operation will book more loans. Plus you’ll lower overhead expenses as the automation increases employee productivity, reduces workforce hours and decreases payroll expenses.
Advanced Credit Scoring Improves Portfolio Yield
Our loan application and processing software enables lending organizations to minimize their risk exposure in addition to increasing operational efficiency. Proven scoring techniques evaluate and project the credit-worthiness of potential new customers. And the system is designed for flexible management of your credit rules, credit policies and scoring models. This easy-to-use configuration eliminates vendor dependency and internal IT manpower.
Our strategic approach is based on the concept of continuous learning, by integrating machine learning with data analysis. Your software comes out-of-the-box with a generic scoring template. This pre-programmed logic responds differently to different loan applications, and evolves intelligently over time. Plus you can customize the base system with alternative scoring models that are easy to install with APIs.
Comprehensive Origination Software Functionality
- Automated decision-making and borrower evaluation cycle
- Automated calculation of optimal loan parameters: loan amount, term of the loan, interest rate, etc.
- Customer risk segmentation
- Flexible management of the lender’s credit rules, credit policies and scoring models
- Remote access for distributed sales points
- Setting individual evaluation processes for different products, portfolio segments and business lines
- Evaluating the efficiency and adequacy of the loan origination system’s performance and staff productivity
- Ability to swiftly adjust credit policy (new lending rules, changes in lending rules, appropriate risk margin)
Turnkey Lender brings your small to mid-size lending operation a comprehensive software solution with several business benefits that deliver a strong competitive advantage. You’ll quickly book more new accounts, reduce operational costs, improve regulatory compliance and control bad debt losses. And ultimately increase your portfolio yield.
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
Loan Origination Software – Key Business Benefits
Click on Turnkey Lender Advanced Loan Origination Software to learn more about our key business benefits.