GoDocs has made it easier for lenders to evaluate and compare automated loan documentation providers and pinpoint the best solution with a free, comprehensive, and easy-to-understand must-have checklist that available now. For those who have recognized the importance of the digital transformation and fully embraced it, there is still the challenge of finding the right solutions. In a highly competitive and global marketplace, businesses have to adapt to survive. That is why we designed this checklist to help companies find the right fit," said Gary Highland, the founder, and president of GoDocs. Companies have to protect themselves while advancing their competitiveness with a strong digital solution. Any mistakes can cause delays with front-end negotiations and modifications and potentially result in legal proceedings. "Compliance is a major issue for commercial lending documents. Fortunately, there are automated systems that have the power to provide compliance across all 50 states, which is just one feature that is addressed in the checklist. This can cause delays and drive up legal costs. Companies that want to provide nationwide services have to contend with a variety of regulations while ensuring that all documents are complete, compliant, and accurate. Loan documentation can be complicated by the fact that compliance issues are different in all 50 states. Over 40 years of experience went into creating the checklist, making it the most trustworthy source available to guide users in making the right decisions for their organization. ![]() While GoDocs is releasing the checklist to the public, it is actually the result of a collaboration among some of the greatest minds in commercial real estate. Fortunately, GoDocs is well-versed in the industry and has generated a thorough checklist to make sure that users get a solution with all the features they need and perhaps some they didn't know they wanted. While lenders might have a short list of required features, there may be some important components that are unfamiliar. ![]() There is a lot to consider when choosing an automated loan documentation system that goes well beyond price. Automated Doc Prep System Checklist: How to Choose the Best Automated Documentation System for Commercial Loans
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