Basic Business and TurnKey Lender Flows
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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General Process
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Automation with TurnKey Lender
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Links to related functionalities
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First, the Customer needs to somehow inform a Lender that they want to get a Loan for a specific amount.
Usually, at this step, Borrowers also introduce themselves, provide some general information about their needs and capabilities, and answer the Lender’s questions.
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The borrower creates an account and fills in the initial application. This can be done:
From the Lender’s Website (TurnKey Lender Front Office, Custom Front Office, or Mobile App)
During a call or meeting with the Lender’s representative (Back Office or Import (excel))
Then the Lender runs all the initial checks to see if they want to deal with the Borrower.
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