Go Faster  with GoDocs

Go Faster 
with GoDocs

By automating and streamlining the document creation process, GoDocs significantly accelerates closing timelines, reduces operational costs, and allows lenders to collect interest sooner—all while providing a better borrower experience.

Delays are Costly

For commercial lenders, timely loan closings are crucial to maximizing profits and maintaining a competitive edge.

70% of commercial enders

Manual Process Bottlenecks: 70% of commercial lenders cite manual document preparation, legal reviews, and compliance checks as the top reasons for slow loan closings.

(Source: American Bankers Association)

$1500-$5000

Each day a commercial loan closing is delayed can cost a lender between $1,500 and $5,000 in lost interest revenue.

(Source: National Association of Commercial Lenders)

45-90 Days

On average, complex commercial loans take 45–90 days to close, with document errors contributing to significant delays.

15–20% of deals

15–20% of commercial loan deals fall through due to excessive delays, leading to lost business and borrower frustration.

(Source: MBA Commercial Lending Data)

Cut closing times by 30–50%

Implementing automated document generation can cut closing times by 30–50%, significantly reducing delays and lost revenue.

(Source: ABA Banking Journal)

Faster Closing times with GoDocs

GoDocs addresses these challenges by automating the loan document generation process, accelerating closings, and reducing costs.

Automated Document Generation

GoDocs automates the creation of attorney-grade documents in minutes, eliminating the need for manual drafting and reducing the risk of human error.

Customizable Templates

With pre-configured, customizable templates for a variety of loan types, GoDocs allows lenders to quickly tailor documents to specific deal terms, without starting from scratch or needing outside counsel.

Seamless LOS Integration

By integrating with your existing Loan Origination System (LOS), GoDocs ensures real-time data flow, reducing the need for duplicate data entry and keeping the process streamlined.

Instant Revision Capabilities

Built-in revision tools allow for instant updates to documents, reducing delays caused by last-minute changes or additional drafts.

"GoDocs transformed our operations. Their customization, compliance, and speed allow us to scale our business and focus on our portfolio. They are the perfect partner for our continued growth."

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In times of market volatility or uncertainty, as is the case with the current state of the economy, lenders must have more control over managing and addressing potential risks. This is where financial covenants come in.

Financial covenants, like Loan-to-Value (LTV) ratios, Debt Service Coverage Ratios (DSCR), and Liquidity and Tangible Net Worth tests, are critical for a lender to assess the underlying strength of its collateral and the borrower’s and/or guarantor’s financial situation on a periodic basis during the life of a loan. These and similar covenants help lenders track unfavorable changes in the collateral and loan parties supporting their loans so they can address potential financial instability before it escalates into bigger problems.

Why Now is the Right Time to Introduce or Expand Financial Covenants

As we look ahead to 2025, we’re already seeing unpredictable market shifts—from rising Treasury yields and fears of limited or no further interest rate cuts to increasing uncertainty around inflation and certain sectors of the real estate market. The federal funds rate outlook, for example, has changed dramatically in just the first two months of the year, causing turmoil across markets. Additionally, with a significant portion of commercial loans maturing this year, refinancing and investment opportunities will open new doors—but they also introduce new risks.

Now, more than ever, it’s crucial to introduce or expand your financial covenants. This will give you greater control and allow for quick, informed decision-making as the market continues to evolve. Whether it’s understanding the strength of a collateral property or assessing the borrower’s and guarantor’s respective financial health, having these covenants in place gives lenders the tools to monitor and manage risk effectively.

Why Having Financial Covenants Isn’t Enough—You Need to Monitor Them

While having financial covenants is essential, active monitoring and intervention are what sets successful lenders apart. Many banks and other financial institutions with strong portfolios are those who have the tools to stay ahead of market and economic changes and can inspect and assess the values of their collateral regularly, monitor the financial strength and engage with borrowers and guarantors, and work with the loan parties to find solutions to potential issues of concern. It’s not just about having covenants; it’s about using them as a tool to identify and address risks before they grow.

For example, if a lender suspects that a property’s value may have decreased, they don’t immediately call in an appraiser—they can inspect the property and engage with the borrower first. Then, they can appraise the value of this asset to determine compliance with a required LTV test, require a principle paydown to re-balance the loan, and open the door for further communications and problem-solving with the borrower. This proactive approach can prevent long-term issues and ensure that lenders are not caught off guard.

What GoDocs Offers

GoDocs is here to help you streamline this process with no limits on customized financial covenants, something other vendors don’t offer. We offer a range of market-standard financial covenants—such as LTV, DSCR, Liquidity and Tangible Net Worth tests, Fixed Coverage Charge, Debt Yield and other similar tests—that many of our clients use off the shelf. But what sets us apart is our ability to craft custom financial covenants tailored to meet your specific needs, with no restrictions on the number of such covenants you can include in your document packages.

In addition to our financial covenant capabilities, we’ve also expanded our abilities to manage insurance clauses for scenarios where coverage may become overbearingly expensive or unavailable. This feature is particularly important in high-risk markets or areas that may be impacted by climate change or natural disasters.

Whether you need off-the-shelf solutions or fully customized financial covenants, GoDocs offers the flexibility and scalability to support your risk management strategy. With our seamless integration and expert support, you can actively monitor these covenants and make informed decisions, helping you stay ahead in these uncertain times.

Take Control of Your Risk Management

Now is the time to take action. Don’t wait until issues become bigger than they need to be. Explore how GoDocs can help you monitor and manage your financial covenants effectively. Contact us today for a demo and see how our solution can give you the control and flexibility you need to thrive in today’s unpredictable market.

Ren R Hayhurst

Head of Business Strategies & Partnerships

Navigating New Mortgage and Filing Regulations

What Companies Need to Know

Regulatory updates, such as Florida’s witness signature requirements, are reshaping how lenders, title companies, and other stakeholders approach commercial mortgage lending and real estate transactions, requiring them to stay agile and informed.

Experience the Future of Commercial Loan Document Automation

Discover GoDocs, the leading SaaS solution powered by the sharpest legal minds in CRE! Schedule a demo today to elevate your lending process and to gain your competitive advantage.