Turnkey Lender

Turnkey Lender

4.8
(12)

Turnkey Lender is a cloud based system for evaluating borrowers, decision-making support, and online-lending automation.

Explore system functionality for free!

Work for Turnkey Lender?

Learning about Turnkey Lender?

We can help you find the solution that fits you best.

Find the Right Product

Turnkey Lender Reviews

Ask Turnkey Lender a Question
Write a Review
Filter Reviews
Filter Reviews
  • Ratings
  • Company Size
  • User Role
  • For Category
  • Industry
Ratings
Company Size
User Role
For Category
Industry
Showing 12 Turnkey Lender reviews
LinkedIn Connections
Turnkey Lender review by Jon L.
Jon L.
Validated Reviewer
Verified Current User
Review Source
content

"Turnkey saves us 1000 man-hours each year processing loans"

What do you like best?

- Online applications eliminated about 400 hours of data entry on paper forms

- Much simpler than the legacy software. Things that took 100 steps previously are now done in 10.

- Automated notifications

- The Turnkey team has been very responsive configuring the solution to our needs

- Plays nice with other software - we are able to connect it to our Business Intelligence software, and will be integrating with our CRM

What do you dislike?

- Reporting is basic, but we always intended to connect it to a business intelligence software, so doesn't impact us

- Limited task management. You can't assign tasks to specific team members, for example.

- CRM functionality is limited as well, but again, we are going to connect it to our CRM.

Recommendations to others considering the product

Spend a bit more time planning. The dev team is in Ukraine, so factor in some language barrier issues. Our PMs english is great, but I think it's natural to have mis-communication when discussing things not in your native tongue.

What problems are you solving with the product? What benefits have you realized?

- Between online applications, e-signature on loan docs, process simplifications - we've saved 1,000 man hours processing loans last year.

- The speed and consistency of Turnkey is much better than the legacy system, which means less staff stress due to systems not working

- Our loan volumes have almost doubled in the past 2 years, and we are targeting 50% this year. We achieved this without adding any staff. Without an efficient back office system, this would not be possible.

Sign in to G2 to see what your connections have to say about Turnkey Lender
Turnkey Lender review by Spike H.
Spike H.
Validated Reviewer
Verified Current User
Review Source
content

"Cost-effective, Straightforward, Flexible, Modern"

What do you like best?

Love the true cloud-based approach. Accessibility and flexibility with users is great, and the base setup is pretty close to perfect for general use. No-nonsense and built-in restructuring is great. Simple setup for loan products and key integrations out-of-the-box (ACH payments, SMS and email updating) make it easy to deploy and get running. Out-of-the-box fraud checks and some limited loan application customization out of the box is nice. Looking forward to seeing the risk analysis as we develop our portfolio. The Turnkey team has been great to work with.

What do you dislike?

Customization capability out of the box is somewhat limited with regards to customizing the loan application -- any customizations that you want to be included in the risk analysis require the Turnkey team stepping in. Using a custom loan agreement template also is extra (theirs is probably not adequate for use as a licensed lender in the US). That being said, the Turnkey team has been extraordinarily helpful in helping roll out customizations and working with us on timelines and unique customizations that we requested. Would have liked integrations w/ cloud-based accounting software out of the box -- not critically important, but I expect more orgs that want to utilize true cloud-based lending platforms probably don't want to be tethered to the traditional on-computer Quickbooks.

Recommendations to others considering the product

If you are looking for a focused, affordable, flexible, true cloud-based loan management platform then this could very well be it. Lacks some of the extras that other lenders have but has the core functionality down pat.

What problems are you solving with the product? What benefits have you realized?

We are trying to expedite our lending process, make it more efficient, and give ourselves greater automation and flexibility in processing, disbursing, and restructuring loans. We are mostly looking forward to the benefits of setting up automatic ACH payments via one of the Turnkey integrations, which we expect will help us greatly reduce our delinquency rate. We serve the riskiest segments of the consumer loan borrowing population so are trying to reduce opportunities for borrowers to become delinquent however possible.

What Loan solution do you use?

Thanks for letting us know!
Turnkey Lender review by Matthew D.
Matthew D.
Validated Reviewer
Review Source
content

"Easy to utilize"

What do you like best?

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.

What do you dislike?

it's a great program, Honestly, I can't think of much I don't like about Turnkey Lender.

Recommendations to others considering the product

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.

What problems are you solving with the product? What benefits have you realized?

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.

Turnkey Lender review by Tarek R.
Tarek R.
Validated Reviewer
Review Source
content

"Turnkey Lender Experience"

What do you like best?

It is very simple to use and very easy to follow the screen prompts. In our case, we are offering investors the possibilty to invest in consumer loans in Africa. The system splits the users into 3 user categories and does not confuse each user with tons of functionality which in the end confuses them and does not necessarily add much . We wanted a simple and straight forward system and that is what we got especially since our requirements were slightly fuzzy to begin with. So not giving you too much too early made our job a lot easier.

What do you dislike?

The software does not have a lot of reporting functionality or at least does not come with it as a menu item but must be paid for additionally.

That was our only issue which we will address with asking for that as an extra. However given the overall cost effectiveness of the product, this is more than compensated.

What problems are you solving with the product? What benefits have you realized?

We are planning an African focused market place lending platform and this software has given us the functionality to give to our clients to invest in consumer loans across a number of Banks we have accredited as banks that have a robust and solid loans to re-finance.

We wanted a software that was simple and cost efficient and that we could build on as we expanded. TKL gave us that . Whlst we have still not gone live, as this is oending regulatory approval, we are confident that the software will serve us well for at least 24 months before we start to tweak it and add to its functionality.

Turnkey Lender review by Administrator
Administrator
Validated Reviewer
Verified Current User
Review Source
content

"Excellent LMS"

What do you like best?

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.

What do you dislike?

We have not had any issues with TKL and do not have anything to dislike.

Recommendations to others considering the product

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.

What problems are you solving with the product? What benefits have you realized?

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.

Turnkey Lender review by Administrator
Administrator
Validated Reviewer
Verified Current User
Review Source
content

"Impressive system"

What do you like best?

A simple base system but with customisation opportunity also. The team is eager to provide the best solution for our business.

What do you dislike?

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.

Recommendations to others considering the product

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.

What problems are you solving with the product? What benefits have you realized?

This has helped onboard customers more efficiently and integrated services so our teams work is more centralised and less labour intensive.

Turnkey Lender review by Vanessa S.
Vanessa S.
Validated Reviewer
Verified Current User
Review Source
content

"Reliable and quick to respond"

What do you like best?

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.

What do you dislike?

Nothing so far except that we have not attain the volume of transaction to be cost effective

What problems are you solving with the product? What benefits have you realized?

Efficiency and internal controls

Turnkey Lender review by Executive Sponsor
Executive Sponsor
Validated Reviewer
Review Source
content

"Turnkey Lender"

What do you like best?

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.

What do you dislike?

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.

Recommendations to others considering the product

Recommend that they definitely give it a try and see how it incorporate with their companies needs. It really is a good product.

What problems are you solving with the product? What benefits have you realized?

Making process faster.

Receiver more and faster productivity from employees.

No wait time for FiICA scores

Notify retailer much faster if pre-qualification

Turnkey Lender review by Patrick M.
Patrick M.
Validated Reviewer
Verified Current User
Review Source
content

"I've had a great experience with Turnkey Lender. "

What do you like best?

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!

What do you dislike?

The system is great, but we definitely needed customization for our specific environment.

What problems are you solving with the product? What benefits have you realized?

As a new lending company, we needed software to manage our portfolio. Turnkey has been a great benefit in getting us off the ground.

Turnkey Lender review by Christopher R.
Christopher R.
Validated Reviewer
Review Source
content

"Great software - Excellent Support"

What do you like best?

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.

What do you dislike?

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.

What problems are you solving with the product? What benefits have you realized?

We were implementing a loan capture system for veterinary hospitals.

Turnkey Lender review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source
content

"Great!"

What do you like best?

I really enjoy this product! The interface is really easy to use.

What do you dislike?

Sometimes the software is slow and has a few slow points.

What problems are you solving with the product? What benefits have you realized?

I use this software for loans and for analyzing credits.

Turnkey Lender review by User
User
Validated Reviewer
Review Source
content

"turnkey lender is a game changer"

What do you like best?

The platform was clear and easy to navigate

What do you dislike?

the loan programs were a little restrictive.

Recommendations to others considering the product

learn the underwriting guidelines

What problems are you solving with the product? What benefits have you realized?

working capital

Learn more about Turnkey Lender

Turnkey Lender Videos

Kate from G2

Learning about Turnkey Lender?

I can help.
* We monitor all Turnkey Lender reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. Validated reviews require the user to submit a screenshot of the product containing their user ID, in order to verify a user is an actual user of the product.

Explore system functionality for free!