Purpose: provide technological base for each stage of online lending: loan origination, servicing and underwriting: from loan application processing and credit line management, to debt collection and compliance with regulatory requirements.
Organizations need TurnKey Lender to:
- Automate decisioning during online lending cycle
- Use scoring models for borrower assessment and debt collection processes
- Easily manage decision flow, modify scoring models, credit policy, reporting mechanism and method of credit line management
Concept and Key tasks:
- A complete online application processing system which includes credit scoring, reporting and payment disbursement solution;
- Comprehensive decision and workflow automation customized specifically to client’s requirements and vision. This includes automatic approvals and rejections, automatic payment distribution, and automatic report generation;
- Integrated engine for scoring models development and validation;
- Conversion of e-docs and disclosures;
- Loan monitoring and early warning system for loan portfolio;
- Protection from application fraud and bad loans.
- Automate and control the entire lending cycle: from loan origination and credit line management, to debt collection and compliance with regulatory requirements.
- Harness the power of advanced risk management: scoring models are integrated into borrower assessment and debt collection processes; plus automated loan parameter calculation, underwriting, credit line management;
- During deployment TurnKey Lender is adjusted to perform according to customer’s vision and risk appetites. Business users can easily manage decision flow, modify scoring models, credit policy, reporting mechanism and method of credit line management.
- Risk-based delinquency management with automated notifications and charges.
Examples of Industries and Applications:
- Entrepreneurs: set up and operate online lending business quickly.
- Lenders: enhance your service offering with the Internet channel and acquire high-value customers with minimum exposure to financial risks.
Turnkey Lender. A turnkey solution for the online lending business. Download