Home/ Loan Origination Software/ TurnKey Lender/ Reviews
98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more
A completely customizable lending platform
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With no financlial background to aid in complex calculations for a short term loan business, this software makes you an expert at the click of a button. From origination, underwriting, servicing and collection. It also reduces staff costs and unecessary human error.
The translation to Portuguese could use some improvement. This has already been discussed with the vendor and we are working on it.
At the moment we have no problems. There so many benefits with the platform. At first I under estimated the power of this platform. As a short term loan business in a market that has so many informal money lending services, I did not expect the Turnkey Lender platform to be a marketing tool. It's so user friendly and clients started flowing in by reference from previous clients. What I had budgeted as a startup capital to lend out was finished within two months. In the near future, we are expecting to increase the loans and get additional services from TurnKey Lender.
The interface is easy to use for us and for consumers. The platform easily integrates with multiple payment processing and electronic signature companies.
Setting up the populations on the loan agreement had differing merge fields for the same thing. Luckily the turnkey staff were able to help me get it corrected for me.
We use turnkey for loan origination and servicing. It seemsly moves the loan from one area to the next and allows us to review all the information we need to make a decision in a logical format
How quickly it pulls requested/needed information. How we can received FICA scores immediately which makes our review process much quicker. It allows us to notify those who pre-qualify in minutes as they know immediately Ana so do we which speeds process and allows for more production from emoloyees.
There really wasn’t anything that I disliked but if I have to choose something due to your minimum requirements then I would have to say that this product isn’t really unique and there are others on the market that does same service and just as well as this one.
Recommend that they definitely give it a try and see how it incorporate with their companies needs. It really is a good product.
Making process faster.
Receiver more and faster productivity from employees.
No wait time for FiICA scores
Notify retailer much faster if pre-qualification
It is easy to utilize and extremely simple to pursue the screen prompts. For our situation, we are putting forth financial specialists the possibilty to put resources into shopper credits in Africa. The framework parts the clients into 3 client classes and does not mistake every client for huge amounts of usefulness which at last befuddles them and does not really include much . We needed a basic and straight forward framework and that is the thing that we got particularly since our necessities were somewhat fluffy in any case. So not giving you an excessive amount of too soon made our activity much simpler.
it's a great program, Honestly, I can't think of much I don't like about Turnkey Lender.
On the off chance that you are searching for an engaged, reasonable, adaptable, genuine cloud-based credit the board stage then this could in all likelihood be it. Comes up short on a portion of the additional items that different banks have however has the center usefulness under control.
We are attempting to speed up our loaning procedure, make it progressively productive, and give ourselves more prominent robotization and adaptability in handling, dispensing, and rebuilding advances. We are for the most part anticipating the advantages of setting up programmed ACH installments through one of the Turnkey reconciliations, which we expect will help us incredibly decrease our wrongdoing rate. We serve the most dangerous fragments of the purchaser credit obtaining populace so are endeavoring to diminish open doors for borrowers to end up reprobate anyway conceivable.
TKL has been instrumental to our companies launch and success. They provide a highly customizable and flexible platform that allows us to offer competitive products and services to our customers.
We have not had any issues with TKL and do not have anything to dislike.
When sourcing a CRM for our lending platform we were unable to find anything close to the services and quality provided by TKL. We highly recommend using TKL as a solution for any type of lending platform.
We offer custom loan solutions to customers and clients. We would not have been able to do this if not for the options, development expertise, and quick turnaround offered by TKL.
Software is user-friendly and simple. It covers a wide scope within the lending activities. Customization has been very important. System up-time has been at 100%. Great software! Great People!
The system is great, but we definitely needed customization for our specific environment.
As a new lending company, we needed software to manage our portfolio. Turnkey has been a great benefit in getting us off the ground.
A simple base system but with customisation opportunity also. The team is eager to provide the best solution for our business.
A full customisation seems a perfect solution but reality is that an excessive want/need. There is no dislike as such, just the reality of understanding the system to utilise best what is provided.
It depends on volume of customers and complexity of the product your have. This is a great solution for any business in our industry and in particular for smaller business without the budget to full customise.
This has helped onboard customers more efficiently and integrated services so our teams work is more centralised and less labour intensive.
What I like about the system is that almost everything we need to operate efficiently are available. The system’s access restrictions and the initial credit scoring helped us implement internal control policies. The reports are also very helpful in determining the status of our loan portfolio and it’s real time.
Nothing so far except that we have not attain the volume of transaction to be cost effective
Efficiency and internal controls
I was very impressed with the implementation team and their ability to understand our requirements and customize the software accordingly. They were always very responsive to our needs.
The set up fee for the SAAS model was a bit high, but when you compare the overall economics to the full licensing model. it made licensing more attractive.
We were implementing a loan capture system for veterinary hospitals.
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Customer service of the team management as well as the usability of their platform.
There is nothing that I dislike about Turnkey.
Turnkey is a great option for those who want to get into the lending business. From loan origination til the end of a loan cycle, Turnkey has all the features you need for your business.
TurnKey has helped my lending business be more efficient as it provides everything we need in a loan cycle.