Turnkey Lender Software


 

Turnkey Lender is a loan management solution designed for cloud lending, retail, microfinance, medical, payday loans, lease financing and telecom lending. Available both in cloud-based and on-premise deployment options, the product offers loan origination, loan servicing, portfolio management, underwriting and debt collection functionalities within a suite.

Turnkey Lender features front-office management, which allows users to define the terms of loan applications, manage customer accounts and accept online applications. The software also features risk scoring, which allows users to calculate loan risks on the basis of pre-defined criteria. Turnkey integrates with credit bureau reporting services, which allows users to view scores is a dashboard. The loan servicing functionality allows users to manage loan disbursement, payment collection and loan rollover.

Turnkey also offers payment collection management, which allows users to manage the collection agent workflow based on “promise-to-pay” dates. Users can also write-off, write-down and restructure loans based on criteria rules.

 

Turnkey Lender - Anti-fraud rules
 
  • Turnkey Lender - Anti-fraud rules
    Anti-fraud rules
  • Turnkey Lender - Automated scoring
    Automated scoring
  • Turnkey Lender - Customer details
    Customer details
  • Turnkey Lender - Dashboard
    Dashboard
  • Turnkey Lender - Payday loan
    Payday loan
  • Turnkey Lender - Payment schedule
    Payment schedule
Supported Operating System(s):
Mac OS, Web browser (OS agnostic)

7 Reviews of Turnkey Lender

Showing 1-7 of 7

 

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KUNGKEA from HL&M WORLD CO., LTD.
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2017

September 2017

The software bought from Turnkey Lender is great. Convenient for users and faster processing.

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Functionality

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Can gain more clients to use this online loan origination software. Clients can use this system to promote and manage their customers without much investment.

Pros

Online access for both back end and front-end(Loan Origination). Role matrix back officer users and multiple Lona products.

Cons

limited to multiple clients(client1, client2, client3) cannot filter applicants by clients. example: client1 should see only client1's customers. Client2 should only client2's customers. And Client3 should only client3's customers.

Review Source: Capterra
 

Clarke from WME Limited
Number of employees: 11-50 employees Employees number: 11-50 employees

September 2017

September 2017

Excellent product and helpful friendly support

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Very fast time to market and established a market leading business very quickly thanks to Turnkey Lender.

Pros

Turnkey Lender is extremely flexible and you can launch new credit products very quickly and easily. You have the ability to credit very detailed credit products that are you can really fine tune to target particular borrowers.

Cons

The reporting can get messy if you do any live testing and you can't remove the entries due to very strict audit controls. I know it's not really a con, more a feature.

Review Source: Capterra
 

Keith from Globalcreditpros
Number of employees: 2-10 employees Employees number: 2-10 employees

July 2017

July 2017

They lure you in with a low price then charge for everything and failed to capture critical needs

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Ultimately I could not use it.

Pros

Good product with solid features for straight out of the box implementation . It has a low entry price point

Cons

The team lacks integrity. Several times they stated one thing and then reneged . This increased my costs, delayed revenue and negatively impacted my clients .

Review Source: Capterra

  Response: Turnkey Lender, Turnkey Lender

Date: December 2017

December 2017

 

We are sorry for the negative experience you had. We try to be flexible and accommodating to our clients¿ requests, but when the client requests custom functionality after the scope of work is approved and is not willing to pay for it, it¿s not much we can do unfortunately.

 

Raed from SEOjordan.com

June 2016

June 2016

Great solution

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

great cloud based solution for online lending and retail lenders

Review Source: Capterra
 

Christopher from Shepard Capital Partners, LLC
Number of employees: 2-10 employees Employees number: 2-10 employees

April 2016

April 2016

Great product - excellent support!

Ease-of-use

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
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Quality
Value for Money
Value
Support

We used Turnkey Lender to stand up a loan origination system for veterinary services in short order. 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.

Pros

Solid COTS product and very customer oriented support team.

Cons

While they do offer a SAAS model, pricing seems to be slanted toward outright licensing of the product. This might be something to refine.

Review Source: GetApp
 

Chunki from Invicti Investment (PTY)Ltd

October 2015

October 2015

Great

Ease-of-use

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Its never gave me any problem as it helped me in most aspects

Review Source: Capterra
 

Robert from QuickPound

July 2014

July 2014

Thanks Turnkey Lender for improvement of my workflow.

Ease-of-use

Product Quality

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Thanks Turnkey Lender for helping to improve the automation of my workflows.

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!" And, time is of the utmost importance in this business.

That's why it is important for me to use a solution like Turnkey Lender. It greatly increased my number of customers and turnover as well. All this, and it decreased the processing times for each new application. It certainly works as advertised!

Review Source: Capterra