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G2 2021 Winter Industry Reports Are In – TurnKey Lender Featured In Three Categories
TurnKey Lender has entered 2021 strongly recognized as leading the industry in the G2 Winter 2021 industry reports.
G2 is the world’s largest tech marketplace where businesses can discover, review, and manage the technology they need to reach their potential. TurnKey Lender products are regularly showcased in G2’s quarterly reports as leading in lending automation, loan origination, and decisioning software providers.
In winter 2021, TurnKey Lender was showcased in the following categories:
- Loan Origination Software – Leader
- Momentum Grid® Report for Loan Origination – Momentum Leader
- Loan Software – High Performer.
To become a leader of a category, the product needs to be highly rated by the verified customers and have a substantial market presence to determine winning scores. With a 98% customer satisfaction rate and a growing customer base in 50+ countries, TurnKey Lender has been recognized as the leader in the digital loan technology industry.
Qualification criteria for becoming a high-performer in the Loan Software categories include:
- Storing loan data and documents for lenders to easily access and share
- Automating recurring front-end and back-end tasks
- Allowing for the creation, modification, and termination of loans and contracts
- Automating fee and transaction calculations and payments.
- Managing third-party brokers and investors
- Conforming to industry regulations and business processes
- Creating dashboards and reports that provide metrics about loan performance
To be named a Leader in the Loan Origination category, a product must:
- Adapt to changing industry policies, scoring, and regulatory requirements
- Capture and monitor customer documents and data in one platform
- Work across multiple digital channels
- Integrate with loan servicing software or include comparable functionality
- Adapt to changing industry policies, scoring, and regulatory requirements
- Capture and monitor documents and data in one platform
- Work electronically and across multiple channels
- Integrate with BPM frameworks to create efficiencies across business channels
A product’s Momentum score is calculated by a proprietary algorithm that factors in social, web, employee, and review data that G2 has deemed influential in a company’s momentum.
TurnKey Lender ULM (Unified Lending Management) is an intelligent, easy-to-use integrated SaaS that can be swiftly adjusted to the business needs and includes all the functionality required to make the lending process of any scale fully digital. The company applies proprietary AI and no-code technology that securely digitizes every step of credit management. Loan lifecycle automation starts with customer onboarding (web/mobile app), credit scoring (using traditional and alternative AI-driven models), decisioning (using flexible and configurable decisioning engine), underwriting (with all paperwork automated), loan management (with AI-based early warning indicators, automated notifications, and payment processing), reporting, and more.