GoDocs Releases Must-Have Checklist for Evaluating Automated Document Preparation Systems
IRVINE, Calif., June 16, 2022 /PRNewswire/ — GoDocs, the leader in automating commercial loan document generation, has just announced the release of a must-have checklist for anyone considering investing in an automated document preparation system. This handy checklist provides an easy way to comprehensively evaluate different systems and choose the right solution that will help businesses meet their lending and loan processing goals.
There’s a lot to consider when choosing an automated loan documentation system that goes way beyond price. Although lenders may have a short list of required features, some important components may be unfamiliar. Fortunately, GoDocs knows the industry well and has generated an in-depth checklist to ensure users get a solution with all the features they need and maybe some they didn’t know they wanted.
While GoDocs releases the checklist to the public, it’s actually the result of a collaboration between some of the greatest minds in commercial real estate. Over 40 years of experience has gone into creating the checklist, making it the most trusted source available to guide users in making the right decisions for their organization.
Loan documentation can be complicated by the fact that compliance issues are different in the 50 states. Companies wishing to provide services nationwide must deal with a variety of regulations while ensuring that all documentation is complete, compliant, and accurate. This can cause delays and increase court costs. Fortunately, there are automated systems that have the power to ensure compliance in all 50 states, which is just one feature discussed in the checklist.
“Compliance is a major issue for commercial loan documents. Any errors can lead to delays in initial negotiations and modifications and potentially lead to legal action. Businesses must protect themselves while improving their competitiveness with a solid digital solution. C That’s why we’ve designed this checklist to help businesses find the right solution,” said Gary Highlandfounder and president of GoDocs.
The checklist will also help users consider different pricing structures, technical and customer support, and the onboarding and training process. This is a truly comprehensive checklist that allows users to quickly compare technology vendors and see how they compare.
“When mortgage lenders sign expensive long-term contracts with software vendors that offer some level of automation but can’t handle complex lending and compliance issues, those additional costs are passed on to the It’s important to do your due diligence and find the best solutions for lenders and borrowers, which is exactly what this checklist is supposed to do,” said the CEO of GoDocs Steve Butler.
In a highly competitive and globalized market, companies must adapt to survive. For those who have recognized the importance of digital transformation and fully embraced it, there remains the challenge of finding the right solutions. GoDocs has made it easier for lenders to evaluate and compare automated loan documentation providers and identify the best solution with a free, comprehensive, and easy-to-understand must-have checklist, available now.
About GoDocs
GoDocs, the leader in commercial loan document generation automation, offers a next-generation software platform for banks, credit unions, and private lenders that creates a streamlined process for closing commercial loans. The first and only purely SaaS system for automated loan document generation, GoDocs provides lenders with a digital pay-as-you-go solution that requires no training to use. The company has the #1 NPS customer satisfaction score in the industry and is trusted by industry-leading banks as well as community banks, federal and local credit unions, and private lenders of all sizes. GoDocs is proud to back its solutions with 100% onshore support.
Media Contact:
Virginia Buisson
Vice President of Marketing
GoDocs
949.274.7907
[email protected]
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SOURCE GoDocs