Complex Loans Valued at $2 Million and Above
In the last half of 2022, all signs are pointing to a consistent gap in the commercial real estate loan market when it comes to complex loans valued at $2 million and above. Traditionally, this is a complicated segment that lenders tend to shy away from when it comes to automating loan documents.
An Underdeveloped Technology Advancement: A Digital Transformation
GoDocs has released a guide that clarifies the issues associated with this under-developed technology advancement as it pertains to the share of the market. The guide defines a complex loan, examines different components of the complex loan, outlines considerations that have to be made when processing these types of loans, and other critical information. It is a truly valuable resource for lenders.
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The Lender’s Guide to
Automating the Complex Loan
Capture key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.
25 Years of Undisputed Automated Closing Documents
Ultimately, GoDocs has been automating closing documents for loans of all sizes for over 25 years. Not only is this technology built for small-cap loans, it includes loans of all sizes. Mid-cap and large loans can take advantage of this technology to automate complex loans and large loans without the need for expensive attorney costs associated. All loan documentation is compliant and accurate and can exponentially accelerate the loan process while also allowing lenders to increase their loan volume, utilize resources effectively and efficiently, and hire accordingly.
In fact, mid to large cap loans makeup 62% of the GoDocs CRE volume, with the average loan amount at $8.7 million with an average package cost at just $1,665. This is a significant savings over the traditional costs associated with legal fees that benefits both lenders and borrowers with an impressive execution time, allowing numerous complex loan doc packages per day.
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Automating Small-Cap, Mid-Cap, and Large-Cap Commercial Loans
The days when automated loan documentation generation was limited to traditional loan requirements are now a part of a historical legacy. GoDocs is the only fully complete, compliant, and accurate system that can handle the automated documentation of small-cap, mid-cap, and large-cap complex loans.
The Future of Loan Document Automation
There is no other product that offers this range of loan automation capabilities.
For lenders, this latest guide from GoDocs is a must download. It offers valuable insights into the future of automated loan documentation and solidifies GoDocs’ standing as the leader in commercial loan documentation generation and lays out the path for lenders to reduce costs while also increasing loan volume. Be sure to take advantage of this resource today.
Schedule a custom demo to learn more about GoDocs’ automation technology for loans of all sizes, including small-balance, mid-market, and large-cap.