Compare Turnkey Lender vs Margill

Software Description:

With our tool, lenders gain automation that delivers operational efficiencies and improved profits. We employ advanced credit scoring with machine learning that increases account approvals without increasing credit risk.

Turnkey Lender supports regulatory compliance and uses customer data protection algorithms. This is a cloud-based platform that is easy to deploy, easy to learn, and easy to use.

The free version includes:

• Borrowers website frontend and backend. Borrowers can select loan size and term, attach documents and chat with the support team.
• Loan origination and underwriting. Loan officers can specify the interest rate, loan amount and set a payment schedule. They can also reject loans or send them for reprocessing. Turnkey Lender will track all the customer interactions.

This loan processing software covers all stages of entire lending lifecycle including borrower management: from loan origination to debt collection. It incorporates best practices from experience serving online lenders and banks. You gain speed and agility while controlling risk with business-driven, adjustable risk parameters.

If you are struggling with cumbersome outdated online loan software when you should be leveraging a fully automated loan management system for origination, credit scoring, and account processing; then this is a tool for you.

Benefits:

Increase operational efficiency: the loan origination and account processing software automates your system. You will increase employee productivity. With Turnkey Lender you will close more of the right kinds of loans faster. This will keep you competitive with online and retail lenders who pre-qualify new applications within minutes.

Grow portfolio profitability: We’ve taken all our expertise in enterprise level decision support and created a cloud-based software platform designed especially for a small to mid-size operation. It’s a great fit for any lender looking for superior-automation in conjunction with advanced credit scoring.

Increase customer lifetime value: Account processing system brings you monthly opportunities for targeted, relevant push communication based on customer behaviors and ongoing credit bureau updates.

These monthly messages up-sell and cross-sell additional products, which maximizes the lifetime value of your client relationships.

Features:
Borrower website frontend and backend, automated loan origination, automated underwriting, servicing, decision rules management, scorecard management, collateral management, collection, reporting.

Software Description:

The industry's most user-friendly Interface & sophisticated mathematics. Affordable & easy to customize loan servicing software along with our legendary support. Service 10 to 30,000 loans: Consumer & Business, Inter-company, Employee, Construction, Litigation, Lines of credit. Amortization & regular, irregular, late, unpaid, interest-only, fixed principal or mixed payments, Fees, variable rates, APR, Alerts. Customize: fields, reports, dashboard, payment types. Export GL to QuickBooks, Sage.

Features:

• Forecasting
• Analytics
• Notifications
• Dashboard
• Multi-Currency
• Multi-User
• CRM Integration
• Data Visualization
• API
• External Integrations
• Data Export

Features:

• Multi-User
• Multi-Currency
• Data Export
• Balance Sheet
• Data Import
• Accounts Receivable
• General Account Ledger
• Scheduling
• Data Visualization

Summary:

• An intelligent SaaS for automatic borrowers’ evaluation, decision making and loan management automation

Summary:

No key features associated with this application.

FAQs:

Does this service offer multi-user capability (e.g. teams)?

• Yes.

Does this service offer guides, tutorials and or customer support?

• Yes.

What platforms does this service support?

• This is a web app.

Who are the main user groups of this service?

• Cloud lending companies, retailers, microfinance companies, medical & dental companies, payday lenders, lease finance companies, telecom providers.

Does this service offer an API?

• Yes.

What is this service generally used for?

• Lending automation: automated loan origination, underwriting, servicing, decision rules management, scorecard management, collateral management, collection, reporting.

FAQs:

Who are the main user groups of this service?

• Small to medium sized lenders | Development Agencies | Microfinance Institutions (MFIs) | Accountants | Investors | Governments | Banks | Public and Private companies

Does this service integrate with any other apps?

• QuickBooks | Sage series | Excel | Other accounting software

Does this service offer guides, tutorials and or customer support?

• We offer a pre-purchase live demonstration and both technical and mathematical support for your interest calculation needs. We also offer training on a hourly basis.

Does this service offer multi-user capability (e.g. teams)?

• You can use Margill Loan Manager with multiple users simultaneously.

What is this service generally used for?

• Service simple and complex Loans, Mortgages, Lines of credit, Receivables, Judgments, Leases.

  Loan Origination: Contracts, Letters, Invoices and Statements with Document Merge.

  Create regular and irregular amortization (payment schedules).

  Receive and post regular and irregular payments.

  Automatically add fees for unpaid/partial/late payments.

  Multicurrency, fixed and variable interest rates.

  International calculation standards.

What are some applications this service is commonly used in tandem with?

• QuickBooks | Sage series | Other accounting software

What platforms does this service support?

• Windows, Server and Cloud based systems and Mac with parallels

Publisher:

Publisher:

Other:

• Startups
• SMEs
• Enterprises

• Web App

Other:

• Personal
• Startups
• SMEs
• Agencies
• Enterprises

• Windows