Q2 New Product Enhancements
GoDocs Closing Instructions – Enhanced Escrow Flexibility
We’re excited to introduce a powerful enhancement to the GoDocs Closing Instructions: the ability to add custom escrow instructions directly into your closing packages. This gives you more control and precision in managing complex transactions.
Why this matters: This feature empowers lenders to tailor escrow instructions to specific deal requirements, reducing back-and-forth with escrow agents and ensuring smoother, faster closings.
New Variable Rate Index Option – 1-Year SOFR Adjustment
You can now select a 1-year adjustment schedule for the 30-day Average SOFR (Compound SOFR) index—previously only available with a 6-month schedule.
Why this matters: This gives lenders and borrowers more flexibility in managing long-term financial planning, offering greater rate stability and predictability over time.
CRE & C&I – LPOA Notary Pages for All Jurisdictions
GoDocs now supports notary block pages in Limited Power of Attorney (LPOA) documents across all 51 jurisdictions. In Florida, this setting is enabled by default but can be customized.
Why this matters: This enhancement ensures compliance and legal validity across jurisdictions, streamlining your documentation process and reducing the risk of rework or rejection.
Global Default Rate Cap – Greater Interest Rate Control
GoDocs now supports notary block pages in Limited Power of Attorney (LPOA) documents across all 51 jurisdictions. In Florida, this setting is enabled by default but can be customized.
Why this matters: This enhancement ensures compliance and legal validity across jurisdictions, streamlining your documentation process and reducing the risk of rework or rejection.
SBA Loan Development – Expanding to CRE, C&I, and SBA 504 Construction-Term Combos
GoDocs is actively seeking beta pilot customers for our new SBA 7(a) loan documentation tailored for Commercial Real Estate (CRE) and mixed CRE + Commercial & Industrial (C&I) transactions. We’re also expanding into fully C&I SBA 7(a) loans, and now, we’re excited to share that development is underway for SBA 504 loans supporting Construction-Term Combo orders—a critical tool for lenders financing fixed-asset projects.
Why this matters: These developments significantly broaden your SBA lending capabilities, enabling you to serve a wider range of small business clients with tailored, compliant documentation. Whether you’re financing real estate, equipment, or construction projects, GoDocs is building the tools to help you grow your portfolio and stay competitive in a dynamic market.
Q2 Compliance Updates Spotlight
New Product Optionality for CRE and C&I Products: ADR
GoDocs has enhanced its dispute resolution provisions in its CRE and C&I products by offering its customers new alternative dispute resolution (“ADR”) options. ADR gives a lender more flexibility in pursuing its remedies available under the loan documents and is an efficient solution that helps the lender avoid costly litigation in connection with traditional litigation before a jury or a judge should a dispute arise in connection with a loan transaction.
Retiring Inclusion of Standalone Assignment of Leases and Rents Instrument in Connection with MERS Transactions; MERS Market Expectations
In keeping with GoDocs’ commitment to its customers that its system produces market-expectant loan documentation, GoDocs has recently retired the option where a customer may order a standalone Assignment of Leases and Rents when the mortgage loan transaction is intended to be a MERS transaction. The retiring of this option does not affect the inclusion of standard assignment of leases and rents provisions in GoDocs’ mortgages nor in its deeds of trust. Following GoDocs’ consultation with MERS, the retiring of this option is consistent with MERS’ guidance on such a document not being utilized for MERS “as original mortgagee” transactions.
Upcoming Product Enhancements
Support for eSignature in Lending API
Integrated users will be able to trigger eSignature workflows and retrieve status updates directly through the Lending API.
Support for DMV Forms
Automatically include state-specific DMV forms in your loan package when a titled vehicle is selected as collateral.
SBA 7(a) & 504
Product improvements and general availability updates for SBA 7(a) and 504 lending programs.
Did You Know?
GoDocs Supports Custom Financial Covenants
Every lender — and every loan — is unique. That’s why GoDocs enables you to automatically incorporate custom financial covenants into your loan documents. Whether you need lender-specific covenants across all loans or loan-specific terms tailored to a particular deal, our platform supports your needs beyond the standard off-the-shelf options.
Why it matters:
- Precision: Reflect your institution’s unique credit policies
- Efficiency: Automate inclusion of custom terms without manual edits
- Flexibility: Apply covenants at the lender or loan level
Let GoDocs help you streamline compliance while maintaining full control over your financial requirements.
You Can Customize Title Endorsements and Closing Instructions
GoDocs gives you the power to tailor your Closing Instruction Letter with lender-specific final escrow directions — ensuring title and escrow companies receive exactly what they need, deal by deal.
You can also customize the title endorsements available in your workflow. By surfacing only the endorsements your team uses most, GoDocs helps your users stay focused and efficient.
Benefits include:
- Custom closing instructions for greater clarity and control
- Tailored title endorsements to match your internal standards
- Streamlined workflow for everyday users
Talk to your GoDocs representative to activate these powerful customization features.
GoDocs Market Pulse
Market Pulse: The Trends We're Seeing Across Rates, Regions, and Loan Volume
- Redfin’s recent report highlights a growing divide in the residential market: sellers are holding firm on prices, while buyers are retreating—especially in high-cost coastal metros. Meanwhile, the more affordable Sun Belt regions are seeing relatively stronger buyer activity. This geographic shift is something we’re also seeing reflected in the commercial lending data flowing through GoDocs.
- Over the past six months, GoDocs has tracked a clear inverse relationship between initial interest rates and average loan amounts. As rates dipped below 9% in early spring, average loan sizes rose—culminating in a double-digit percentage increase in May. This suggests that commercial borrowers are responding quickly to even modest rate relief, potentially locking in larger deals while conditions are favorable.
- Regionally, our data shows that loan activity is increasingly concentrated in Southwest/Sun Belt markets, with loan volume more than doubling—suggesting renewed investor interest or emerging opportunities echoing some of Redfin’s findings. The Southeast remains the most active region overall, but we’ve observed a softening in volume over the past three months, aligning with Redfin’s observation that even traditionally strong Sun Belt markets are beginning to cool.
- Meanwhile, Mid-Atlantic and Midwest markets have remained remarkably stable, with consistent loan activity over the past several months. This mirrors Redfin’s identification of these regions—such as New Jersey and St. Louis—as seller’s markets, where demand remains resilient and pricing power is holding firm.
- While residential and commercial markets operate under different dynamics, the regional rebalancing seen in both sectors points to a broader shift in where capital is flowing—and where opportunity is emerging.
GoDocs Leadership Insights
New Legislative Trend? States Seeking to Impose Commercial Property Vacancy Taxes
by Tucker Wade
California and New York have introduced new legislation targeting prolonged commercial property vacancies. If passed, these measures could carry real implications for property owners, lenders, and investors with assets—or borrowers—operating in these markets.
When States Step In: The Regulatory Ripple Effect in Commercial Lending
As the CFPB eases federal oversight on small‑business lending, state governments are rushing in—creating a patchwork of divergent commercial lending rules. This fragmented landscape is raising compliance costs, slowing down loan processes, and prompting some lenders to pull back from certain markets.
Q2 Additional Compliance Updates
- CRE – Credit Reporting:
- GoDocs has added a new lender setting that, when enabled, will remove any credit reporting references in the Guaranty documents. This feature enhances customization, simplifies compliance, and improves the client experience by creating more straightforward documentation. Explore this update to see how it can benefit your practice!
- Global – Borrower’s Statement of Fact:
- GoDocs has expanded the lender protections in section C.1(m) of the Loan Agreement to provide a broader scope of protection for our customers. This enhancement ensures that lenders have stronger safeguards in place, offering more comprehensive coverage and reducing potential risks associated with borrower statements.
- CRE – Hawaii:
- GoDocs has made important enhancements to our Hawaii Mortgage. These updates are designed to prevent delays and ensure smoother closings by aligning our documentation with Hawaii-specific requirements. The changes will apply specifically to Construction Loans and Term or Bridge Loans that include a Repair Holdback Agreement.
- Nevada Default Trustee:
- The default trustee for Nevada deeds of trust has changed from CHICAGO TITLE OF NEVADA, INC., a Nevada corporation to NEVADA TRUST DEED SERVICES, LLC, a Nevada limited liability company. This is an update as GoDocs evaluates the default trustees for deed of trust states from time-to-time. There is no change to customers who have identified a different trustee for their Nevada deeds of trust.
- Alaska Default Trustee:
- The default trustee for Alaska deeds of trust has changed from STEWART TITLE COMPANY, a Texas corporation, dba Stewart Title of Alaska to STEWART TITLE OF ALASKA.
- Arizona Default Trustee:
- The default trustee for Arizona deeds of trust has changed its address from 6710 North Scottsdale Road, Suite 100, Scottsdale, AZ 85253 to 7500 N Dobson Road, Suite 150, Scottsdale, AZ 85256. The Trustee is still CHICAGO TITLE AGENCY, INC., an Arizona corporation, whose address is now 7500 N Dobson Road, Suite 150, Scottsdale, AZ 85256.
- North Carolina Default Trustee:
- The default trustee for North Carolina deeds of trust has changed from CHICAGO TITLE COMPANY, LLC, a Delaware limited liability company to CHICAGO TITLE INSURANCE COMPANY, a Florida corporation.
- These are updates as GoDocs evaluates the default trustees for deed of trust states from time-to-time. There is no change to customers who have identified a different trustee for their such deeds of trust.
- Missouri Default Trustee:
- The default trustee for Missouri deeds of trust has changed from MISSOURI TITLE COMPANY, INC., a Missouri corporation to EVANS & DIXON, L.L.C., a Missouri limited liability company, whose address is 424 S. Woods Mill Road, Suite 330, Chesterfield, MO 63017.
- Idaho Default Trustee:
- The default trustee for Idaho deeds of trust has changed from NORTH IDAHO TITLE INSURANCE, INC., an Idaho corporation to PIONEER TITLE COMPANY OF ADA COUNTY, an Idaho corporation.
- Idaho Default Trustee:
- The default trustee for Idaho deeds of trust has changed from FIRST AMERICAN TITLE INSURANCE COMPANY to FLYING S TITLE AND ESCROW OF MONTANA, INC., a Montana corporation.
