TurnKey Lender Functions and Features

Function

Feature

Description

System set-up

Basic System Setup & Configuration

• Cloud Server and firewall

• Production & Database

• Back-ups

• Server Monitoring

• TurnKey Lender SSL certificate

Sandbox (User Acceptance environment)

• Isolated staging environment to run tests without affecting the production platform

Default Solution

Know Your Customer

• System administration tools (populating the system with users, managing access rights, etc.)

• System configuration tools (setting the system in compliance with the specific company and industry)

• Back-office workspaces dedicated to different employee roles and responsibilities

• Application form that includes mandatory and optional details and documents to be collected from the loan applicant

• Customer Portal

• Peer-to-peer investment portal

Back-office workspaces

• Origination

• Collateral

• Underwriting

• Servicing

• Collection

• Archive

• Settings

• Tools

Reporting

• Dedicated reports:

  • Portfolio

  • Operational

  • Risks

  • Underwriting

  • Business performance report + 

• Excel report builder

• Export capabilities for both loan and customer details

Standard Decision Rules set

• Check borrower's data under a predetermined set of decision rules:

  • Anti-fraud

  • Credit policy

  • Internet Security

  • Geolocation

  • Customizable rules based on the information from other customer data providers available via integration (e.g. Bank Statement verification services, identity verification services, credit bureaus, etc.)

Scoring module (built-in)

• AI-based internal scorecard prepared by TurnKey Lender based on the best practices of lending and credit scoring and specifics of the industry

Calculations Engine

TurnKey Lender’s proprietary tool for the creation of credit products (i.e. loan conditions) of any complexity (covers basic loan settings, fees, overpayment management, schedule modifications, additional requirements, etc.) 

Third-party products/services integrations

Email notifications

Email notification gateway via SendGrid or Gmail/G-Suite account

Bulk SMS notifications

SMS notification gateway