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GoDocs Releases a Commercial Lending White Paper: Synchronizing Doc Gen Automation and the Attorney Relationship

The Next-Gen Closing Doc Workflow

IRVINE, Calif., Nov. 30, 2022 /PRNewswire/ -- Today, GoDocs, the automation leader in commercial loan document generation, released their comprehensive commercial lending white paper "Synchronizing Doc Gen Automation and the Attorney Relationship," which provides a detailed look at why automation is the future of loan documentation and how this technology can add value to existing attorney relationships, creating a next-generation workflow.

Attorneys have long been a central and essential part of commercial lending. It goes without saying that having a knowledgeable person on hand who understands the ins and outs of contractual language is essential to risk mitigation and success in commercial lending. While some might see the advent of automation as an "end" to the attorney-client relationship, that is not actually the case.
Attorneys have long been a central and essential part of commercial lending. It goes without saying that having a knowledgeable person on hand who understands the ins and outs of contractual language is essential to risk mitigation and success in commercial lending. While some might see the advent of automation as an "end" to the attorney-client relationship, that is not actually the case.

Automation is quickly becoming the new standard in loan documentation. This technology allows lenders to reduce the cost of attorney fees, eliminate errors, ensure compliance, and expedite loans at a larger volume. It is a necessary tool for any institution that wants to remain competitive, but there seems to be a misconception that attorneys and automation aren't compatible. This white paper clarifies exactly how companies can leverage technology and strengthen existing attorney resources in a synchronized relationship.

"The CRE market is adjusting, and volume is down for most lenders. This makes now the perfect time to incorporate automation in the documentation process," says GoDocs CEO Steve Butler. "Automated loan doc generation is a straightforward way to reduce costs and increase profitability. It is important to remember that automation doesn't render attorneys redundant. Instead, it adds value and allows for an all-new workflow."

This latest white paper from GoDocs outlines exactly what lenders should be looking for in the right automation solution and how it can be used to support attorneys. CRE loan documentation can be complex, but automation helps to create a frictionless process that reduces costs, eliminates human errors, reduces the need for negotiations, and much more all while providing compliance across all 50 states.

While this technology is helping lenders to significantly increase loan volume, attorneys will continue to be another valuable resource in the documentation process. They provide an added layer of security and protection. The key is to utilize all available resources and create a more streamlined workflow.

It only makes sense that lenders want to maintain their long-standing relationships with highly skilled attorneys. Automation and attorneys aren't mutually exclusive, a point which is made clear in this extensive white paper that exhaustively covers a full range of different considerations that lenders need to take into account when moving the company forward. A next-generation workflow that includes a synchronized relationship between technology and attorneys is not only a possibility, it is the future of loan documentation.

About GoDocs

GoDocs, the automation leader in commercial loan document generation, 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 pay-as-you-go digital 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 Bush
VP of Marketing
GoDocs
949.274.7907
349723@email4pr.com

Automation and attorneys are not mutually exclusive. There is room (and a need) for both at your company. While implementing automation into your doc gen workflow is critical to remain competitive and drive growth, the automation and attorney relationship does not become obsolete. Instead, it adjusts to a new reality, as often happens in business and commercial lending.
Automation and attorneys are not mutually exclusive. There is room (and a need) for both at your company. While implementing automation into your doc gen workflow is critical to remain competitive and drive growth, the automation and attorney relationship does not become obsolete. Instead, it adjusts to a new reality, as often happens in business and commercial lending.
Cision
Cision

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SOURCE GoDocs