While the exact loan management process is highly adaptable, some main process stages can be automated or semi-automated by TurnKey Lender.
The following articles will describe the exact setting and a step-by-step guide for tailoring and adjusting each step in the Turn Key Lender, while this is just an overview and a convenient reference list
Potential Customer comes to the Lender
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First of all, the potential Customer needs to apply for the Loan. This may happen in one of the following ways:
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Define what information must or can be collected to register the Customer
Define what information must or can be provided to register a Loan request
Define what Loan details must or can be requested at the origination stage
Define if any additional checks must or can be run at the original stage
The Lender checks available information and collects additional information about the Customer
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Let’s take a look at a usual business flow aimed at providing the Customer with a Loan and then collecting the Loan and corresponding interest and fees in compliance with the agreement.
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