TurnKey Lender provides Back-office users with six dedicated workplaces devoted to each step of the loan lifecycle:
Origination: creation and collection of initial data and/or initial approval of the loan application
Collateral: collection of the collateral details, its assessment and decision on whether the application can be sent for further approval
Risk Evaluation: additional manual verification of whether the application can be sent for further approval (follow auto-processing)
Underwriting: decision on the application approval, creation of an offer / agreement, final check before disbursement
Servicing: disbursement and further servicing of a loan
Collection: used in case of debt and late payments