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TurnKey Lender description
TurnKey Lender provides software that automates the entire lending process, from application to repayment. It's suitable for various loan types, including traditional loans, SME financing, and leasing. Used by banks, credit unions, and other financial institutions, TurnKey Lender offers tools for loan origination, servicing, and risk management. It stands out with its use of artificial intelligence to streamline lending decisions and reduce risk.
Who is TurnKey Lender best for
TurnKey Lender automates the entire lending process from application to repayment using AI. Banks and credit unions praise its user-friendly interface and comprehensive features, but some users report occasional bugs and integration challenges. It's best for small financial institutions wanting AI-powered lending automation.
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Best fit for small businesses seeking streamlined lending automation.
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Ideal for finance, banking, and insurance companies.
TurnKey Lender features
| Supported TurnKey Lender processes loan payments via integrations with various payment gateways. |
| Supported TurnKey Lender allows configuring various loan product parameters and terms. |
| Supported TurnKey Lender uses AI and machine learning to automate loan application assessments and decisions. |
| Supported TurnKey Lender uses machine learning models to assess creditworthiness, going beyond traditional credit scores. |
| Supported TurnKey Lender allows borrowers to apply for loans via its automated platform. |
| Supported TurnKey Lender offers loan servicing, reporting, and customizable workplaces, suggesting dashboard functionality. |
TurnKey Lender reviews
We've summarised 54 TurnKey Lender reviews (TurnKey Lender GetApp reviews, TurnKey Lender Capterra reviews and TurnKey Lender G2 reviews) and summarised the main points below.
- User-friendly interface praised for ease of use and navigation.
- Comprehensive loan management features covering origination to collection.
- Flexible API allows for seamless integration with existing platforms.
- Strong automation capabilities streamline lending processes.
- Dedicated customer support team provides assistance and customization.
- Limited customization options for certain features.
- Some UI elements and terminology require adjustments for specific markets.
- Occasional bugs and glitches reported, requiring timely resolution.
- Integration with some third-party services can be challenging.
- Customer support responsiveness can be inconsistent.
TurnKey Lender alternatives
OnlineApplicationBetter for mortgage and insurance brokers. More focused on client onboarding and document management. Has slower momentum.Read more
FinfluxBetter fit for enterprise companies. Has grown faster in terms of website traffic and employee base. Users highlight easy onboarding and flexible deployment options but note slow support response times and higher pricing.Read more
LendstreamBetter fit for enterprise companies. Offers marketing automation, white-labeling, and API access. TurnKey Lender is growing faster.Read more
ComplyCubeBetter for enterprise companies needing identity verification. Has faster momentum and positive pricing sentiment. Excellent customer support is frequently praised.Read more
Microsoft Entra IDBetter for enterprise companies. Focuses on access management and security, not lending processes. More integrations with Microsoft products.Read more
TurnKey Lender FAQ
What is TurnKey Lender and what does TurnKey Lender do?
TurnKey Lender is a cloud-based lending software automating the entire loan cycle, from origination to collections. It uses AI to streamline decisions and reduce risk. Ideal for banks, credit unions, and alternative lenders, it offers tools for loan servicing, risk management, and regulatory compliance.
How does TurnKey Lender integrate with other tools?
TurnKey Lender integrates with various payment gateways for loan processing. Its flexible API facilitates seamless integration with existing business platforms, further extending its connectivity and automation capabilities.
What the main competitors of TurnKey Lender?
Alternatives to TurnKey Lender include CompassWay, Finflux, Lendstream, and OnlineApplication. These competitors offer similar loan origination, servicing, and management features, catering to various financial institutions and lending businesses. Some also provide specific solutions for mortgage brokers or focus on different aspects like compliance or identity verification.
Is TurnKey Lender legit?
TurnKey Lender is a legitimate lending software provider. User reviews highlight its user-friendly interface, comprehensive features, and automation capabilities. However, some users mention limited customization and occasional bugs. Consider these factors when assessing if TurnKey Lender is safe and suitable for your needs.
How much does TurnKey Lender cost?
TurnKey Lender doesn't publicly disclose its pricing. Contact their sales team for a customized quote based on your specific lending needs. Consider whether the product is worth it based on its features and your budget.
Is TurnKey Lender customer service good?
TurnKey Lender's customer service receives mixed reviews. While many users praise the responsiveness and helpfulness of the support team, others have experienced difficulties getting timely assistance and solutions. Some users also mention inconsistent support quality.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.