Peer to Peer Lending Software
Marketplace lending system to connect borrowers and lenders with automated risk assessment
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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
Peer to peer lending platforms: originations will grow from $24B to $290B by 2020
P2P lending has become dominated by marketplace lenders in just a few short years. Today the majority of P2P loans are underwritten by hedge funds, insurance companies and big banks. Total Transaction Value in the alternative lending segment amounted to US $380,643.6M in 2017, according to Statista Report. And there’s still plenty of opportunity for pure play peer-to-peer lenders.
Obstacle
P2P lending: multiple layers of complexity
You’re a lender and a loan intermediary. This intermediary aspect of the business requires specialized peer-to-peer (or P2P) lending software in order to optimize your highly complex operation. P2P lenders start with all the origination and servicing requirements of a typical online lender. Then they layer on additional processes for monitoring large numbers of small borrower payments, tracking earned income back to individual investors, and then processing digital disbursements. All with the highest level of speed, accuracy and cyber security.
Solution
P2P lending software: simplify complex requirements with technology-enabled lending
Our platform provides superior automation and risk assessment for fast loan application approvals and borrower/investor matching. And it provides outstanding loan servicing features for tracking borrower payments and investor disbursements. All with the highest level of accuracy and data security.
There’s a lot of competition as new peer-to-peer lenders enter the arena on a frequent basis. Many are actually big banks acting behind the scenes, trying to take advantage of the fact that peer2peer loans have become so mainstream. However the speed, accuracy and efficiency of Turnkey Lender technology-enabled lending means your operation will outperform marketplace lenders who view the online space as just another distribution channel for their deep pockets and legacy systems.
Fully automated peer to peer lending software
End-to-end marketplace lending system
Our solution covers every step of peer-to-peer lending: loan origination, marketplace funding, services, collections and reporting.
Automated risk assessment
With our credit scoring models, credit risk can be assessed more accurately. Borrowers get a lower loan rate, and lenders get a higher rate of interest.
Manage investor funds and borrower billing
Automate investments management across multiple borrowers, automatically calculate payment shares and disburse to investors’ accounts.
Advantages compared to other peer-to-peer lending software
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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