![]() The GoDocs platform is the first to work as an attorney does - creating documents clause-by-clause and offering all the protections lenders require for even the most complex loans. Up to now loans of this value were almost entirely documented by attorneys. We tripled the number of loans in the $2M - $50M range and generated robust attorney-quality closing documents for these loans in seconds, at a fraction of the cost that high-paid attorneys would charge. James Martin, GoDocs VP of Operations, added "Lenders significantly expanded use of GoDocs for loans with value greater than $2M in the first half. This may be specified separately by product type. This section determines whether the customer will receive a separate UCC-1 Financing Statement for filing with the secretary of state. There is tremendous interest in our cloud platform, and I expect we will continue to grow at this rate or better," commented GoDocs' CEO, Steve Butler.Ĭomments from HomeStreet Bank, a large GoDocs customer, support the high interest among lenders for GoDocs - "GoDocs makes generating our closing documents simple and fast, and lowers our costs. All GoDocs document packages include a fixture filing financing statement as part of the deed of trust or mortgage. Each time, we were able to prove we can deliver this value proposition and, as a result, won a lot of new business. Faster closings, reduced costs in operations, lower dependence on hiring to scale their business, improved 50-state compliance, and lower closing costs for borrowers were on the top of lenders' lists. "In the first half many lenders came to us looking for help to be more competitive in a volatile lending market. GoDocs: Record Breaking First Half of 2022 - Record Revenue and Year-Over-Year Growth ![]()
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