GoDocs Insights

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Commercial Lending
Woman deciding whether to use residential loan process or commercial loan process

The Right Tool for the Job: Understanding the Key Differences Between Residential and Commercial Loans

When it comes to borrowing money for business purposes, it’s crucial to understand that residential and commercial loans are not interchangeable. Each serves a distinct purpose and operates with its own set of rules, protections, and expectations. Using the wrong type of loan can lead to significant complications and unnecessary risks. Let’s explore the key...

May 2, 2025
Commercial Lending
Businessman investing for growing wealth with compound interest used to demonstrate strategic advantage

The Strategic Advantage: Adopting a Commercial-Focused DocGen Platform

In the world of commercial lending, precision and customization aren’t just “nice to have”—they’re business-critical. Yet, as previously discussed, many lenders attempt to retrofit document generation systems built for residential loans for complex commercial transactions. This isn’t just an inconvenience—it’s a strategic misstep. The smarter, safer, and more cost-effective approach is to adopt a document generation...

April 29, 2025
Commercial Lending
Flat illustration of businessman places dollar coin into ticking debt bomb symbolizing paying off financial obligations from faulty lending processes.

The High Cost of the Wrong Tool: Why Residential Loan Docs Don’t Work for Commercial Lending

In our last post, The Right Tool for the Job, we explored the fundamental differences between residential and commercial loans. Now, let’s take that a step further and discuss a common—and potentially costly—mistake: attempting to use an automated document generation tool designed for residential loans to process commercial loan transactions. While repurposing a familiar residential...

April 28, 2025
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

Commercial Lender’s Guide to Automating the Complex Loan

Futureproof Commercial Lending Discover the full potential of your commercial lending operations with our comprehensive guide. The Commercial Lender’s Guide to Automating the Complex Loan provides key insights on how to automate documentation for small-balance, mid-market, and large-cap loans using advanced technology. What’s Inside Transitioning from traditional methods Detailed Insights on Complex Loans Protections for...

August 18, 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
Commercial Lending

Futureproof Commercial Lending: Complex Loan Automation

The ‘Must-Have’ Closing Technology You Didn’t Know You’ve Been Missing Believe it or not, we find that most commercial lenders do not realize they can automate complex loans. We hear it every day from top lenders we talk to: “Automation of complex loans just isn’t possible.” Well, guess what? You can and, dare we say,...

July 25, 2024
Commercial Lending

Futureproof Commercial Lending: The ROI of Automating Complex Loans

The ROI of Automating Complex Loans Automating complex loans with GoDocs delivers substantial ROI, providing lenders with a significant advantage in a competitive marketplace. Here’s how automation transforms the lending process and enhances operational efficiency: 15 Benefits of Automation Eliminate legal fees, manual processes, and delays Save hundreds and often thousands of dollars per loan...

July 25, 2024
Banks

Why Commercial Banking Institutions Should Futureproof Now

Futureproofing in Commercial Lending With ongoing market shifts continuing to dominate the commercial lending landscape, savvy financial institutions (FIs) must keep one priority front and center—futureproofing strategies to remain competitive. As dynamics shift and technological innovations accelerate, the urgency to adapt is more critical than ever for these institutions. New lending platforms are innovating rapidly,...

July 10, 2024
Banks
Banking Commercial Lending Case Study

Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

About First Mid Bank & Trust First Mid Bank & Trust (First Mid), a leader in community-driven banking, has consistently demonstrated its commitment to growth through strategic acquisitions and a digital-first approach. This strategy has enabled First Mid to extend its market reach, enhance service capabilities, and drive business and community success across its regions. Overcoming...

June 6, 2024
Banks
Automating Lender Closing Instructions

Automating Lender Closing Instructions

Did you know that GoDocs has automated Closing Instructions? Mastering Lender Closing Instructions Navigating a complex commercial loan closing can be daunting, but Lender Closing Instructions (LCIs) are the essential roadmap to streamline the process. LCIs provide clarity and guidance, ensuring every step is understood and executed efficiently. Whether it’s deciphering intricate terms or managing a mountain...

May 14, 2024
Banks
portfolio loans and lender closing instructions

Automating Portfolio Loan Documents

Did you know that GoDocs automates portfolio loan documents with ease? Efficiency is the driving force behind success in today’s real estate market. Every step of the process, from acquiring a property to closing a deal and managing investments, requires a smooth and seamless approach. However, the complex nature of real estate financing can lead to...

May 8, 2024

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