GoDocs Insights

Where Banks, Credit Unions, and Private Lenders turn for
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Commercial Lending

February: GoDocs Updates to Help You Stay Ahead of Regulatory Changes

At GoDocs, we understand that navigating the maze of regulatory updates can be challenging. From MERS loan exclusions to Florida’s witness signature requirements and Texas’s move to electronic UCC filing, our team is committed to ensuring your processes remain compliant and efficient. Here’s how we’re helping you tackle these changes head-on. Streamlining Florida Document Compliance...

February 11, 2025
Commercial Lending
New Mortgage and Filing Regulations

Navigating New Mortgage and Filing Regulations

What Companies Need to Know February 2025 Edition In today’s fast-changing regulatory environment, companies involved in commercial mortgage lending and real estate transactions must remain agile and well-informed. Updates, such as witness signature requirements in Florida, are reshaping the way lenders, title companies, and other stakeholders approach their processes. Here’s what you need to know:...

February 10, 2025
Commercial Lending

Compliance with Corporate Transparency Act

by Zach Wallin Overview of the Corporate Transparency Act (CTA) The Corporate Transparency Act (CTA) is an anti-money laundering law that establishes beneficial ownership information reporting requirements and requires the United States Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) to implement the CTA. The CTA requires all non-exempt companies formed or registered in the...

January 7, 2025
Commercial Lending
CA Bill 2424

California Lenders: Be Ready for New Foreclosure Laws

by Tucker Wade California Assembly Bill 2424 This past September, California Assembly Bill 2424 was signed into law, introducing important changes to the state’s foreclosure rules. Starting January 1, 2025, the new law will amend and supplement existing foreclosure requirements for mortgage loans, including for loans secured by residential 1-4 unit properties. The goal of...

November 20, 2024
Commercial Lending
In re Moon

In re Moon Update; Forthcoming Changes to California Civil Code § 1916.1

by Tucker Wade On August 28, 2024, following its passage in the California Senate, the legislature sent Senate Bill 1146 (“SB 1146”) to Governor Gavin Newsom for his signature. If signed into law, SB 1146 will amend Civil Code § 1916.1 to clarify the existing exemptions to California’s usury restrictions. Specifically, Civil Code § 1916.1...

September 5, 2024
Commercial Lending

State-Specific Compliance: Overcoming Regulatory Fragmentation in Commercial Lending

Today, commercial lenders find themselves subject to new state laws requiring borrower disclosures similar to the consumer-focused TILA (Truth in Lending Act). This growing trend at the state level complicates the compliance landscape for commercial lenders and creates a patchwork of disclosure laws that lenders need to understand and navigate across all 50 states. The...

August 30, 2024
Commercial Lending
SB 9

Potential Risks for Commercial Lenders in ADU Financing

by Tucker Wade In response to the affordable housing shortage in many states, legislatures across the country have passed laws that allow or require local governments (e.g., counties, cities) to enact rules that support the construction of new residential units on single-family residential lots. These laws (“ADU Laws”) allow for the creation of accessory dwelling...

August 22, 2024
Commercial Lending

Fannie Mae, Freddie Mac to Toughen Rules for Commercial-Property Lenders, Brokers

Tucker Wade Senior Director of Legal and Compliance, GoDocs In a recent Wall Street Journal article, it addressed how Fannie Mae and Freddie Mac are drafting new rules for lenders of commercial property loans and brokers to fight fraud in the commercial real estate industry. The proposed rules would augment the level of due diligence...

August 7, 2024
Banks
Risk and Compliance Conference

CRE Insights: ABA Risk and Compliance Conference

Enhancing CRE Asset Management Asset management and rigorous risk assessment have become more critical than ever in commercial real estate (CRE) lending. Recently, GoDocs’ Mark Rothschild attended the ABA Risk and Compliance Conference in Seattle, where he sat in on the “2024 Approach to Deepen Your Analysis and Managing CRE Assets” panel with Neena Miller,...

June 27, 2024
Commercial Lending
commercial lending compliance

Commercial Lending Compliance on Autopilot

Automating Commercial Lending Compliance and Closing Documentation In commercial lending, staying compliant with regulations across all 50 states can feel like an uphill battle. The rules constantly evolve, and ensuring your documentation is always up-to-date can be a significant challenge. That’s where GoDocs steps in. Commercial Lending Compliance with GoDocs Stay Ahead of the Curve:...

June 20, 2024
Banks
New York Lien Laws in Commercial Lending

Adapting to New York Lien Laws for Expanding Commercial Lenders

For commercial lenders, the New York lien laws for ground-up construction and fix and flip projects can be tricky. Reflecting the growing interest in New York’s market, we hear from our lenders about their desire to expand their lending into the New York market, especially in sectors like ground-up construction and fix and flip loans....

March 25, 2024
Commercial Lending
Compliance in Loan Document Automation

The Power of Compliance — Are Your Loan Documents Secure?

Compliance that ‘Walks the Walk’ In the world of loan document automation, it’s not enough to merely talk about compliance; you must walk the walk, and you must do it continuously. At GoDocs, our actions have always echoed louder than our words when it comes to ensuring your loan documents’ compliance. Our commitment isn’t a...

September 13, 2023

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