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

Antigua & Barbuda, Anguilla, Curaçao, Argentina, Australia, Aruba, Barbados, Bermuda, Bolivia, Brazil, Bahamas, Belize, Canada, Chile, China, Colombia, Costa Rica, Cuba, Germany, Dominica, Dominican Republic, Ecuador, Falkland Islands, United Kingdom, Grenada, French Guiana, Guadeloupe, Guatemala, Guyana, Honduras, Haiti, India, Jamaica, Japan, St. Kitts & Nevis, Cayman Islands, St. Lucia, St. Martin, Martinique, Montserrat, Mexico, Nicaragua, Panama, Peru, St. Pierre & Miquelon, Puerto Rico, Paraguay, Singapore, Suriname, El Salvador, Turks & Caicos Islands, Trinidad & Tobago, United States, Uruguay, St. Vincent & Grenadines, Venezuela, British Virgin Islands, US Virgin Islands

Supported Languages

Czech, English, French, Korean, Portuguese, Spanish

Pricing starting from:

N/A

  • Free Version
  • Free Trial
  • Subscription

Images

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Features

Total features of Turnkey Lender: 162

  • ACH Payment Processing
  • API
  • ATM Management
  • Accounting
  • Accounting Integration
  • Activity Dashboard
  • Activity Tracking
  • Alerts / Escalation
  • Alerts/Notifications
  • Amortization Schedule
  • Application Management
  • Approval Process Control
  • Asset Lifecycle 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
  • Collection Agencies
  • 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
  • Customizable 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
  • 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
  • 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

Bryt

4,9
#1 Alternative to Turnkey Lender
Bryt is a loan management system for lending professionals offering tools for loan origination, loan servicing,...

Mortgage Automator

4,9
#2 Alternative to Turnkey Lender
Mortgage Automator is a mortgage and loan servicing software designed to help private lending businesses track funding...

The Mortgage Office

4,8
#3 Alternative to Turnkey Lender
The Mortgage Office is a web based loan servicing software which helps to streamline, manage and automate current loan...

HES Lending Platform

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

Reviews

Overall rating

4,5 /5
(22)
Value for Money
4,1/5
Features
4,3/5
Ease of Use
4,5/5
Customer Support
4,3/5

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Showing 5 reviews of 22
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 2016/04/29

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.

Bryan T.
Overall rating
  • Industry: Financial Services
  • Company size: 11-50 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

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

Improved Workflows and Decreased Manual Processes

Reviewed on 2021/12/08

Prior to using Turnkey Lender, we managed our loan program through Google Forms and spreadsheets....

Prior to using Turnkey Lender, we managed our loan program through Google Forms and spreadsheets. Our processes were quite manual and our growing business needs could not catch up with this. We needed a way to automate some workflows, consolidate all data into one system, and have a one-stop-shop where we can manage the program effectively. Turnkey Lender has proved to be a good solution to that problem. As with other software and products, our initial launch did not come without any issues but the Turnkey team was quick to help out and provide timely resolution. After two months of using the platform, I must say that things are quite easier now for me and my team, and using Turnkey Lender was a welcome update from having to do things manually.

Pros

Turnkey Lender allowed us to improve our processes and workflows after having to manage our loan program manually for months. They were able to capture all the basic things and features we needed to get some automation started, and we are able to request further customization as needed. It was easy to use and, if we needed assistance, support was immediately available. Our project manager was also very helpful and we have continued to have a good relationship.

Cons

The price for automation and organization is not cheap. And this holds true for Turnkey Lender. Their existing platform already offers a wide range of functionality, but further improvements to the product may come at a steeper price. Additionally, the platform can sometimes be a bit slow which can affect one's productivity and efficiency. Getting any custom changes in the application form out of the system via standard reporting requires additional development.

Alternatives Considered

Bryt and Mortgage Automator

Reasons for Switching to Turnkey Lender

The automated workflows and integrations plus creating a one-stop-shop was certainly a value add compared to others.
Blake A.
Overall rating
  • Industry: Nonprofit Organization Management
  • 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 0.0 /10

System can't do basic functions

Reviewed on 2021/12/13

Not good at all.

Not good at all.

Pros

None, there are errors and issues with everything and getting things fixed is a hassle. Seems most things are outsourced.

Cons

There is a number of limits to document automation that is very frustrating and requires additional software to work around TN. When issues arise, ex. payment schedule miscalculated, you can't fix them yourself, so you need to reach out to them to fix the problem ($$$). They don't have the team necessary to automate tasks, the high rating is shocking.

Rama I.
Overall rating
  • Industry: Financial Services
  • Company size: 11-50 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

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

Best of Breed

Reviewed on 2021/11/10

I have had the absolutely Pleasure dealing with both the Technical ( Project Management ) and...

I have had the absolutely Pleasure dealing with both the Technical ( Project Management ) and Account Management Teams. They have the highest standard of customer service, communication level, availability and the understanding of our product. When faced into challenges, they were able to help stimulating ideas and together with them we were able to achieve what we required in the first place

Pros

The Ease of use, Customizations that we can achieve with the help of the TKL's Project Management and Accounts team and Suitability to our Business Requirements

Cons

the ability to change the logo at the bottom of the redirected Browser. But this isnt a show stopper as we can still provide our company logo at the top and customize that page

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 2020/04/06

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.

Alternatives Considered

Bryt and The Mortgage Office

Reasons for Switching to Turnkey Lender

I felt turnkey was the best solution for us long term and gave us a bit more than we need right now, but we have room to grow. There were a lot of integrations with third-party software that keeps us from submitting things like ACH payments manually.
Showing 5 reviews of 22 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

Contact Turnkey Lender for pricing details.

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

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