How Anchor Loans Cut Loan Document Processing Time from 1 Hour to 6 Minutes with GoDocs Automation
To sustain its rapid growth while maintaining accuracy and efficiency, Anchor Loans needed a modern, scalable document automation solution.
By integrating GoDocs into its lending process, Anchor Loans has redefined efficiency in loan document preparation. The combination of automation, compliance expertise, and seamless integration has allowed the company to remove bottlenecks, reduce errors, and significantly speed up operations.
The impact of GoDocs on Anchor Loans at a glance:
Case Study · Anchor Loans
Key Takeaways
How Anchor Loans eliminated document bottlenecks, slashed processing times, and achieved 79% order growth with GoDocs.
Speed
From 1+ hours to 6 minutes
GoDocs reduced Anchor Loans' average document package time from over an hour to just six minutes.
Accuracy
Error rate cut nearly fivefold
GoDocs' automated document generation eliminated the manual fixing and customization that was causing costly errors.
Compliance
Real-time compliance updates
Automated compliance updates and included legal support via GoDocs LegalNet™ across every market they operate in.
Seamless API
Built-in legal, zero outside counsel
GoDocs integrated directly with Anchor Loans' homegrown LOS system with zero disruption.
"GoDocs didn't just improve our process, more than an hour now takes just minutes. Their automation has eliminated bottlenecks, allowing us to accelerate deal flow without sacrificing accuracy or compliance. And while we knew GoDocs had the best loan automation solution in the industry, after working with them, we now know they also have the best customer support."
ERIC ZAMBO · VP OF GROWTH AND DELIVERY, ANCHOR LOANS
How GoDocs Reduced Loan Document Processing Time for Anchor Loans
The impact of GoDocs on Anchor Loans’ loan document processing time has been nothing short of transformative. With document packages processing time reducing from over an hour to an average of just six minutes, Anchor Loans’ once time-consuming, error-prone process is now a seamless, automated workflow, freeing the team to focus on serving more borrowers and expanding their market reach across the 48 states they operate in.
Zambo continued: “The partnership with GoDocs has proven to be more than just a technology upgrade—it has been a catalyst for growth and innovation.”
100% of Loan Docs in Under 3 Minutes: What's Next for Anchor Loans and GoDocs
With a goal of achieving 100% loan document package production in under three minutes, Anchor Loans is on track to project a 60% increase in order production with only a 30% rise in operating costs, driving a projected 2x return on investment. As GoDocs continues to expand its suite of commercial lending products, Anchor Loans is positioned to keep growing its volume without growing its overhead.
Disclosure: Business Purpose Loans originated through Anchor Loans, LP (NMLS ID No. 2289894), Techo Funding, LLC (NMLS ID No. 2352879), and Anchor Nationwide Loans, LLC (NMLS ID No. 1401101).
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