Intelligent, technology-driven solutions are replacing antiquated systems in a way that benefits both lenders and borrowers and there won’t be any going back.” “GoDocs has experienced some exciting milestones over the past couple of years,” said CEO Steve Butler, “but this partnership with TMO truly stands out as something special that marks a sea change for the entire industry. Recommended AI News: Connectbase to Power Nctc’s Connectivity Exchange Platform The entire process will be expedited at a speed that was unimaginable not too long ago. Utilizing the loan information into the TMO platform, just one click will prepare the closing documents without having to be redirected out of TMO. As a result, loans can be processed at an unprecedented speed while also improving document strength and supporting the needs of enterprise-level lenders.īy integrating both platforms, users now have access to an end-to-end solution that will produce complete and compliant loan documents in a matter of minutes. The sharpest legal minds in the country are behind GoDocs and have worked to develop a system that supports all loan types across all 50 states. Our goal is to streamline processes and provide our customers with world class seamless operations and this GoDocs integration speaks to our level of commitment to our customers doing commercial loans”, said Carlos Nodarse, Applied Business Software, CEO.Īt the same time, GoDocs has been changing the lending landscape with automated documentation solutions ensuring every application is complete, compliant, and accurate. “We are thrilled about this integration that will bring efficiency and scalability to the way our customers draw their Commercial documents. Recommended AI News: Data Sprawl Creating Risk for Organizations Worldwide as Personal App Use in Business Continues to Rise Both lenders and borrowers are now positioned to reap the benefits of these two juggernauts joining forces. The company’s dedication to providing excellent customer service while also pushing the industry into the future aligns perfectly with GoDocs’ own vision, making this a natural partnership. Moving forward, lenders can process loans through one platform with just a few clicks while also improving commercial loan document strength.įor decades, TMO has been a leader in providing innovative software solutions to help manage any size and volume of loans. This partnership and integration represent a giant leap forward for the industry at a crucial time when lenders have not been able to keep pace with demand. Companies that have struggled to keep up with demand will be able to process hundreds of more loans per month and operate at scale without adding resources.īoth GoDocs and TMO have been working to leverage the digital transformation to provide enterprise-class lending solutions for high-volume lenders. That is why this guide from GoDocs is such a valuable resource.GoDocs and Applied Business Software, makers of The Mortgage Office (TMO), the leader in private lending software, are proud to unveil an industry redefining integration that will provide an end-to-end, single-system solution for processing commercial loans. Securing commercial real estate loans for these development projects and protecting the interests of all parties involved can be complicated however, it is entirely possible to address the risks faced by construction lenders with the right strategies in place. With a more stable economy and a scarcity of housing inventory, developers are preparing to provide a variety of housing solutions. Following the 2020 recession, housing inventory reached historic lows, resulting in high rental and sales prices across the country. Looking forward, 2022 will be marked by an increase in commercial real estate projects as developers work to meet the growing demand for new housing. "Construction lending can present a minefield of potential risks for lenders, however, all of which can be addressed and reduced by careful loan documentation and disciplined project oversight," notes GoDocs Senior Counsel, Ren R Hayhurst. This is a must-have reference for anyone looking to capitalize on the expanding construction loan market while also mitigating risks. This guide provides a comprehensive look at current market conditions for construction lenders and details the potential pitfalls associated with commercial construction lending. IRVINE, Calif., Ma/PRNewswire/ - GoDocs, a leader in commercial loan document automation for the commercial real estate industry today released a " Construction Loan Issues Guide for the Commercial Loan Market" ( ).
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