About Turnkey Lender

TurnKey Lender is a global leader in ULM (Unified Lending Management) solutions and services. The company provides an end-to-end system that automates every step of the lending process, from the loan application and borrower evaluation to origination, underwriting, servicing, collection, reporting, compliance, and more. The TurnKey Lender system is powered by proprietary deep neural networks and machine learning algorithms that allow for unmatched credit decisioning accuracy and overall security.

Pricing starting from:

N/A

  • Free Version
  • Free Trial
  • Subscription

Key benefits of Turnkey Lender

• Turnkey Lender can be used immediately after purchase.
• Precise credit risk assessment.
• Turnkey Lender can be used for online lending, in branches or by doorstep loan agents.
• Built-in credit risk management with an integrated scoring and adjustable decision rules.
• Modular structure – additional modules can be added when needed.
• Extremely intuitive interfaces for originators, underwriters, collateral and servicing managers, collectors.
• Built-in integrations with credit bureaus and other data sources.
• Available on cloud or on-premise.
• Turnkey Lender automates all stages of a loan life cycle – from loan application processing and underwriting to collection and portfolio reporting.
• Proven industry practices used in the leading digital banks are condensed into Turnkey Lender's out-of-the-box solution.

Devices

Business size

S M L

Markets

Australia, Brazil, Canada, China, Germany and 6 others, United Kingdom, India, Japan, Mexico, Singapore, United States

Supported Languages

Czech, English, French, Korean, Portuguese, Spanish

Pricing starting from:

N/A

  • Free Version
  • Free Trial
  • Subscription

Images

Turnkey Lender Software - 1
Turnkey Lender Software - 2
Turnkey Lender Software - 3
Turnkey Lender Software - 4
Turnkey Lender Software - 5
View 6 more
Turnkey Lender video
Turnkey Lender video
Turnkey Lender video
Turnkey Lender video
Turnkey Lender video
Turnkey Lender Software - 1 Turnkey Lender Software - 2 Turnkey Lender Software - 3 Turnkey Lender Software - 4 Turnkey Lender Software - 5

Features

Total features of Turnkey Lender: 165

  • 360 Degree Feedback
  • ACH Payment Processing
  • API
  • ATM Management
  • Accounting
  • Accounting Integration
  • Activity Dashboard
  • Activity Tracking
  • Agency Management
  • Alerts / Escalation
  • Alerts/Notifications
  • Amortization Schedule
  • Application Management
  • Approval Process Control
  • Asset Management
  • Audit Management
  • Audit Trail
  • Authentication
  • Auto Loans
  • Auto-Dialer
  • Automated Decisioning/Underwriting
  • Automated Notices
  • Automated Scheduling
  • Automatic Funds Distribution
  • Borrower Management
  • Business Loans
  • Business Process Control
  • CRM
  • Call Recording
  • Callback Scheduling
  • Cash Flow Management
  • Client Database
  • Client Management
  • Client Portal
  • Closing Documents
  • Collateral Tracking
  • Collections Management
  • Commission Management
  • Communication Management
  • Complex Debt Structures
  • Compliance Management
  • Compliance Tracking
  • Configurable Workflow
  • Construction Loans
  • Contact Database
  • Contact Management
  • Core Banking
  • Corporate Banking
  • Credit Card Management
  • Credit Card Processing
  • Credit Reporting
  • Credit Union
  • Customer Accounts
  • Customer Database
  • Customer Experience Management
  • Customer Management
  • Customer Statements
  • Customisable Branding
  • Customizable Reports
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Verification
  • Digital Signature
  • Direct Mail Management
  • Document Management
  • Document Storage
  • Document Templates
  • Electronic Applications
  • Electronic Funds Transfer
  • Electronic Payments
  • Electronic Signature
  • Email Marketing
  • Email Templates
  • Escrow Management
  • Exposure Management
  • Financial Analysis
  • Financial Management
  • Flyer Printing
  • For Borrowers
  • Fraud Detection
  • Government Loans
  • HUD Settlement Statements
  • Historical Reporting
  • In-House Collections
  • Integrated Vendor Services
  • Investment Banking
  • Investor Management
  • Invoice Management
  • Lead Management
  • Legal Risk Management
  • Lender Search
  • Lending Management
  • Loan Management
  • Loan Origination
  • Loan Portfolio Management
  • Loan Processing
  • Loan Servicing
  • Marketing Automation
  • Mobile Access
  • Monitoring
  • Mortgages
  • Multi-Branch
  • Multi-Channel Communication
  • Multi-Company
  • Multi-Currency
  • Multiple User Accounts
  • Offshore Management
  • Online Applications
  • Online Banking
  • Operational Risk Management
  • Outsource Processing
  • Partial Payments
  • Payment Options
  • Payment Plans
  • Payment Tracking
  • Pipeline Management
  • Portfolio Management
  • Pre-Qualification
  • Predictive Analytics
  • Pricing Management
  • Private Banking
  • Promissory Notes
  • Property Tax Management
  • Purchasing & Receiving
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Reporting
  • Real-time Updates
  • Refinance Management
  • Reminders
  • Reporting & Statistics
  • Reporting/Analytics
  • Retail Banking
  • Risk Analytics
  • Risk Assessment
  • Risk Management
  • Risk Reporting
  • Risk Scoring
  • Role-Based Permissions
  • Rules-Based Workflow
  • SMS Messaging
  • Scheduling
  • Search/Filter
  • Secure Data Storage
  • Secure Login
  • Securities Management
  • Self Service Portal
  • Status Tracking
  • Student Loans
  • Task Management
  • Task Scheduling
  • Template Management
  • Third Party Integrations
  • Third Party Loan Origination
  • Transaction History
  • Transaction Management
  • Transaction Monitoring
  • Trend Analysis
  • Two-Factor Authentication
  • User Management
  • Visual Analytics
  • Visual Presentation
  • Workflow Management

Alternatives

HES Lending Platform

5
#1 Alternative to Turnkey Lender
We deliver end-to-end lending software for banks and alternative lenders. Advanced automation. AI scoring. Fully...

Lendstream

4.7
#2 Alternative to Turnkey Lender
Lendstream is a cloud-based loan origination and servicing platform which helps small to medium lending and brokerage...

Bryt

4.8
#3 Alternative to Turnkey Lender
Bryt is a loan management system for lending professionals offering tools for loan origination, loan servicing,...

The Mortgage Office

4.8
#4 Alternative to Turnkey Lender
The Mortgage Office is a web based loan servicing software which helps to streamline, manage and automate current loan...

Reviews

Overall rating

4.5 /5
(16)
Value for Money
4/5
Features
4.3/5
Ease of Use
4.4/5
Customer Support
4.3/5

Already have Turnkey Lender?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Write a Review!
Showing 5 reviews of 16
Christopher R.
Overall rating
  • Industry: Investment Management
  • Company size: 2-10 Employees
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support

Great product - excellent support!

Reviewed on 29/04/2016

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

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.

Janielle M.
Overall rating
  • Industry: Financial Services
  • Company size: 2-10 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Time saving automation

Reviewed on 06/04/2020

Overall the functionality has been a big positive. The initial set up fees were a bit steep but...

Overall the functionality has been a big positive. The initial set up fees were a bit steep but the ongoing rate is comparable.

Pros

I like the automation, it saves a lot of time moving the loan from origination to servicing and prepopulating the necessary documents. I also like that it has a customer portal where customers can see their balance, update payment methods, and upload documents to us, like proof of insurance. There are a lot of automated emails that help customers stay on top of getting us the required documents, which saves time.

Cons

Some of the set up was awkward. In one area it would have you use one code and then on the help page it would be a different code for the same item. The help team set up some of my codes because I didn't know which one I was supposed to be using.

Christer O.
Overall rating
  • Industry: Financial Services
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

I do not recommend

Reviewed on 13/07/2020

The worst system/platform I have ever worked with. Even if we stated everything in the original...

The worst system/platform I have ever worked with. Even if we stated everything in the original documents, they still managed to take 1,5 years to get things starting, and when they started it all went down every day.

All things have two sides, but in this matter, I will blame everything over on Turnkey. They have cost us so much money and we have had problems from day one. Nothing has worked, we have found bugs every day for 1,5 years even if they tell us they have fixed it.

I know they will reply that "this is due to client functions and xx xx xx" (as they do for all that complaints) but I am willing to document it all, for those who are interested.

I respect some of the workers there, but I will never ever again have something to with them again. The management completely ignores you when you complain, they point the fingers on you and they say it´s your fault, no matter how often you document that, it´s not our fault.

For companies that needs a stable broker/application/fintech service, stay away from them and their solution.

I do not recommend them.

Pros

There was NO pros with this software at all

Cons

Slow system, not flexible, server crashed, no understanding

Thomas P.
Overall rating
  • Industry: Financial Services
  • Company size: 51-200 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Very User Friendly Software to Grow Your Business

Reviewed on 16/01/2020

Software Capability wise is unquestionably great but for any new potential customer who are...

Software Capability wise is unquestionably great but for any new potential customer who are interested in this solution, these would be my advise to you.
1) Trial the software as much as you can in order to understand how the entire system works. Best is if you form a team dedicated in testing the software and all the nitty gritty details, documenting how the behaviors works. If you are not sure about how it works, ask plenty of questions and follow up questions. They are very professional on this.
2) Make sure you evaluate well whether this software can fit into your company business plans or not. It may take longer time for you but it will save you a lot trouble in the long run.
3) Ask lots of questions during the initial phase and requirement phase. Its very important.

Our experiences with Turnkey Lender is they tend to be open for negotiation on most things in regards of pricing, requirement and support. Kindly negotiate.

Pros

When you trial the software, you can know that they know their stuffs well. If your current solution can only gives you a 10 million portfolio monthly max and you would like to grow it to 100 million portfolio and above, this is the one that can give you the power to achieve it
1) Ease of Use. From Customer's Origination status to Bad Debt Status, the borrower will move into the relevant status automatically
2) Notifications to customers can be via SMS or Email. Customizing your notifications to your borrowers is very easy.
3) Easy File Export. File export can be easily exported by stating the correct status and the dates, available in excel and csv
4) Flexible customization for your credit products. Credit products can easily customized with your own interest rate, min and max loan amount and etc
5) fast customization and deployment
6) Scoring modules
7) Can launch a new offering easily

Cons

1) Stock version is mostly based on US requirements. For organizations not based in US which would like to use it, some customization will be needed in order to meet their needs. I would hope for more regional requirements will be appearing in the solutions
2) Many Processes are automated. Not exactly a con but more like a mental preparation for Organization that wants to grow from 10 million to 100 million monthly, some existing flexible processes that assist you to grow from 0 to 10 million will need to be discarded and this software will help you in a great way.
3) Most of the new updates done by Turnkey Lender will only be applicable to users who are using the stock version. If your solution is heavily customized, receiving new updates will be very subjective or not available. Its very important to include this into your initial contract negotiations on how this can be done.
3) Pricing is only in USD. Hope to see charging in regional currencies instead of USD.

Cesar B.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 11-50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

A fairly simple but powerful software in finance

Reviewed on 22/02/2018

practicality, effectiveness and performance to administer loans in a faster and more versatile...

practicality, effectiveness and performance to administer loans in a faster and more versatile fashion

Pros

It is a very versatile tool, easy and practical to use, our clients have inclined to make it a fundamental part in their administrative environment in view of the fact that the flow processes of origin, loan and payment can be monitored in a well-disaggregated manner.

its relation of cost by investment is quite low compared to other applications since it does not generate large impacts of application to a medium company or to a personal level if it is worked directly with loans, advances and short term promissory notes.

it is possible to have multiple users, in which each one can manage their functions separately and without invading the privacy or administration level of the current assets, it is important to recognize that to create such a complete software, the corresponding studies on the matenan and It is a very important point to highlight, which speaks very well of an application with a tendency to evolve.

Cons

It only needs an improvement to be able to carry out credit lines online, which would make the client-supplier personal time and interaction more manageable.

Showing 5 reviews of 16 Read all reviews

Turnkey Lender FAQs

Below are some frequently asked questions for Turnkey Lender.

Turnkey Lender offers the following pricing plans:

  • Pricing model: Free Version
  • Free Trial: Available

Turnkey Lender has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000, 1,001+

Turnkey Lender supports the following languages:

Czech, English, French, Korean, Portuguese, Spanish

Turnkey Lender supports the following devices:

Turnkey Lender integrates with the following applications:

ActiveCampaign, Adobe Sign, Authorize.Net, DocuSign, Dynamics 365, FreshBooks, Mailchimp, Microsoft Dynamics GP, Microsoft Excel, PayPal, QuickBooks Online Advanced, Quickbooks Online, RightSignature, Sage Intacct, Salesforce Sales Cloud, SendGrid, Stripe, Synapse, Xero, Zapier, signNow

Turnkey Lender offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

Related categories

See all software categories found for Turnkey Lender.