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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:

  • Customer requests funds from a Lender: A Potential Customer approaches the Lender’s office, calls, or leaves an application on the Lender’s website.

  • Customer requests services or goods from a Vendor: A Potential Customer wants to purchase some goods or services from the Vendor and asks the Lender to provide the funds to pay for it as a Loan.

TurnKey Lender provides automation tools for the following situations:

  • Front Office Forms for the Customer and Loan Application Registration: Collect the main information about the new Customer, Create a Customer’s account, and collect Loan Application requests from existing and new Customers from the Web-Portal

  • Back Office Forms for the Customer and Loan Application Registration: Have an authorized Back-Office user collect the main information about a new Customer, create the Customer’s account in the Back-Office and

  • Front Office Form for the Loan Application Registration: Have an authorized Back-Office user create a Loan Application Request

  • Vendor Forms for the Customer and Loan Registration

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.

General Process

Automation with TurnKey Lender

Links to related functionalities

First, the Customer needs to somehow inform a Lender that they want to get a Loan for a specific amount.
Usually, at this step, Customers also introduce themselves, provide some general information about their needs and capabilities, and answer the Lender’s questions.

The Customer 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 Customer.


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