Background
Longhorn Investments, a Texas-based private lender, set out to expand its lending territory but recognized that its law-firm-based closing workflow lacked scalability. To support this growth, Longhorn sought an alternate solution to reduce delays and enable efficient, multi-state expansion.
Longhorn sought to scale its lending operations without increasing the size of its team and required a document automation solution that could seamlessly integrate with its Loan Origination System (LOS). To support its expansion, Longhorn needed to generate compliant loan documents across multiple states, including specialized templates. The ideal solution would help mitigate the high costs, delays, and errors of an attorney-led document process, ensuring accuracy, consistency, and efficiency for complex loans.
Solution
Longhorn leveraged GoDocs’ advanced automation to streamline loan processing and drive expansion, using tailored templates and a 50-state compliant SaaS platform to confidently enter new markets. Seamless LOS integration empowered the team to handle hundreds of loans monthly, while features like automated portfolio loans and built-in extension options reduced manual intervention. Additionally, GoDocs developed a customized automation solution to expedite Longhorn’s acquisition of a major lender, significantly reducing workloads and accelerating closing timelines.
Results
Since implementing GoDocs, Longhorn has experienced significant benefits across multiple aspects of its operations. Loan packages are now generated within an average of one minute, dramatically accelerating closings for hundreds of loans each
month. The elimination of costly outside legal support and additional internal processing roles has resulted in substantial cost savings. GoDocs’ automation has also empowered Longhorn’s lean team to manage increased loan volumes efficiently. With confidence in GoDocs’ compliance capabilities, Longhorn has successfully expanded into new states and continues to pursue further growth.
As Longhorn expands, GoDocs continues to streamline operations and drive growth. The partnership is focused on developing compliant documentation for acquisitions, creating custom documents for Longhorn’s needs, and expanding document automation through ModDocs and Default Letter features. Leveraging GoDocs’ technology, Longhorn is positioned for sustained growth and operational excellence, demonstrating how technology enhances strategic advantages in lending.
