About First Mid Bank & Trust
First Mid Bank & Trust (First Mid), a leader in community-driven banking, has consistently demonstrated its commitment to growth through strategic acquisitions and a digital-first approach. This strategy has enabled First Mid to extend its market reach, enhance service capabilities, and drive business and community success across its regions.
Overcoming Market Entry Challenges
When targeting the Greater Dallas-Fort Worth area for expansion, First Mid faced significant hurdles, including:
- New market expansion
- State-specific compliance assurance
- Lending delays and inefficiencies
- High attorney costs and long turn-around times
- Inadequacies with existing automation system
“Working with GoDocs has been an absolute game-changer for First Mid with out-of-market real estate collateral. Their platform streamlines document creation and management effortlessly, saving us valuable time and energy.”
~ Brittany McLaughlin, AVP and Commercial Loan Processing Manager II
Why GoDocs: The Solution for Rapid Expansion
First Mid chose GoDocs for its innovative closing platform and unparalleled compliance capabilities.
Results and Impact
The partnership with GoDocs delivered notable results for First Mid:
- Rapid Market Entry Technology: Streamlining new market entry with advanced automation, reducing external legal counsel dependence
- Automated 50-State Compliance: Ensuring 50-state compliance with real-time updates, including Texas community property laws
- Outstanding Legal Infrastructure: Providing legal intelligence and disseminating statutory and case law updates and options
- Customer Support Excellence: Delivering white-glove customer support throughout implementation, training, and continued support
“GoDocs is very user-friendly. Their information is straightforward with tips along the way. They even made the complex entity structures easier, and the support received throughout the process is always phenomenal!”
~ Brittany Stansbury, Central Loan Processing Manager
Accelerated Execution for Rapid Market Access
- Launched in just eight weeks
- Instant compliance automation
- User-friendly interface
- Comprehensive training
- Expedited revenue generation
- Secured future benefits with loan modification capabilities
Unique Custom Features
- Non-traditional principal and interest payment structures
- Enabled diverse borrower support, from urban real estate to agricultural loans
Fast Implementation, Easy to Operate
- Intuitive design/ease of use required minimal training
- Simplified management of complex entity structures
- Proactive customer support
- Ongoing delivery of legal intelligence and guidance
This partnership highlights how GoDocs sets new standards for banks, helping them overcome growth barriers — improving efficiency, compliance, and market entry.
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Gain a Competitive Edge with GoDocs
To maintain or gain the competitive edge and strive to be #1 in the lending industry, commercial lenders must continually adapt and evolve. Embracing next-generation technologies and solutions becomes imperative, and that includes harnessing the power of the loan document automation ecosystem offered by GoDocs. By leveraging GoDocs’ cutting-edge automation tools, commercial lenders can streamline their loan document processes, improve efficiency, reduce errors, reduce resources, and enhance operations to handle any loan type, any loan size, and any loan volume while mitigating risk automatically.
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