TurnKey Lender is an end-to-end lending platform designed for small to mid-sized online lending businesses. Out of the box, the tool’s suite includes features that automate all of the steps of the online lending process and provides solutions for loan origination, underwriting, collateral management, borrower evaluation, risk management, debt collection, loan servicing, reporting, supervision, and regulatory compliance. In this article, we cover user reviews. Ready to try TurnKey Lender? Request a free trial.
What TurnKey Lender Does Well
As of the date this article was written (11/27/18), there are not a lot of up-to-date positive TurnKey Lender reviews online. However, some users said that the software is easy to use and that their customer support team is very helpful.
One user who left a positive review of TurnKey Lender on Capterra said that it’s a simple yet powerful software. He added that it is very user-friendly and enables him to process loans in a faster and more “versatile” manner.
What TurnKey Lender Does Not Do Well
There are very few up-to-date negative TurnKey Lender reviews online, though some users commented that several of its features need to be improved, such as refining its standard reporting tool to make it robust.
One user who left a negative review of TurnKey Lender on Capterra complained that it lacks a reporting functionality, especially in lower plans. He noted that advanced reporting tools are available but only as an add-on.
TurnKey Lender Pricing
TurnKey Lender has a free plan and three paid subscription plans. The pricing starts at $500/month for the end-to-end solution and the number of users is unlimited. The final price depends on the type of lending operation, the size of the business, and other influencing factors.
Ready to try out TurnKey Lender? Request a free trial.
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TurnKey Lender Features
Check out the list below of some of TurnKey Lender’s features:
- Application Management
- Borrower Evaluation
- KYC Compliance
- Audit Trail and Rules-Based Workflow
- Collections and Document Management
- Credit Risk Score Card
- Collateral Management
- Customer Database with Payment History
- Electronic Payment
TurnKey Lender FAQ
How fast can users approve transactions with TurnKey Lender?
What industries does TurnKey Lender cater to?
Here is a list of some of TurnKey Lender’s popular integrations: