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Another improvement introduced in TurnKey Lender v6.7 is a brand-new Cards Management feature. It simplifies loan repayment process for the lenders customers allowing borrowers to input their credit card data and grant permission to charge recurring payments. It also allows borrowers to process one-click payments from the borrower portal.
Custom Fees
Loan managers and collectors now can add custom fees to borrower’s balance manually at any time.
NSF fees
Starting with v6.7, NSF (non-sufficient funds) fees are being added to the loans automatically. The fee amount is defined in the Credit product settings.
Flags
A popular request from our Clients that has been introduced in v6.7, is the ability to add Customer Flags and Loan Flags. These flags will provide easy-to-comprehend statuses for Back-office user. Flags can say things like 'Do Not Contact', 'Bankrupt Account', or 'Sold Loan’. Some flags can also suppress borrower notifications.
Manual entry of Credit Report data
Some Clients don't have a live Credit Bureau integration but would like to use CB-related rules. That is why starting with v6.7, we provide an option to manually enter credit report data for scoring and decision making.
Borrower phone verification via SMS
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Each rejected loan should be marked with a reason for rejection. If a loan is rejected manually, Back-Office User can select a rejection reason from the pre-defined list. Rejection reasons can be used for internal purposes or, if necessary, be sent to the Customer in a notification.
Disclaimer management
With TurnKey Lender v6.7, the Client can customize and add a disclaimer statement denying responsibility. This feature is intended to prevent civil liability arising for particular acts or omissions.
Minor improvements:
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