Legacy loan closing systems have created misconceptions about what’s possible in commercial loan documentation. In Set the Record Straight, GoDocs leaders challenge outdated assumptions and show what’s truly achievable.
Myth: Closing document customization requires outside counsel.
Truth: Unlike some legacy loan doc solutions still used by banks and credit unions, GoDocs generates fully compliant, customized loan packages that are often more consistent than those prepared by an attorney.
GoDocs assembles each document clause-by-clause according to a bank’s or credit union’s preferences, transaction details, property type, collateral, and location, giving them the flexibility to produce closing docs tailored to their goals, without relying on a law firm.
Backed by decades of experience from Am Law 100, GoDocs’ fully cloud-native SaaS platform produces accurate, fully compliant loan documents in minutes, even for complex loans ranging from $500K to $50+MM. Thousands of documents are generated monthly with zero claims, proof that our approach works.
While GoDocs’ documents are fully compliant, if outside counsel is needed for matters like entity reviews or attorney-at-closing services, customers can easily access our trusted LegalNet attorneys, getting expert guidance without being locked into expensive firm-driven services.
A word of caution: Some document generation platforms from law firms are designed to steer users into paid legal services, creating ongoing costs beyond the platform fee. Lenders should ask what’s included and whether low-cost options have limitations that could create hidden dependencies.
Our customers at Solera National Bank shared, “We have very unique loans and GoDocs works with us to make any adjustments needed. Compared to the company we had before, GoDocs is very responsive and accessible. You won’t get dropped in a black hole.”
See what our customers are saying about GoDocs’ flexibility: Case Studies Archive – GoDocs
Head of Product
