Frequently
Asked Questions

GoDocs prepares loan closing documents for:

  • Multifamily loans
  • Commercial real estate loans
  • Business purpose loan secured by 1-4 unit properties
  • Loan modifications, extensions, and assumptions

We plan to add commercial and industrial (C&I) loan documents to our product offerings in 2021.

Yes. GoDocs offers legally compliant documents for all fifty states.

GoDocs document packages include all of the loan closing documents and disclosures required for the specific transaction terms and and to satisfy each customer’s requirements. Every document package includes, at a minimum, the following documents:

  • Loan Agreement
  • Promissory Note
  • Mortgage or Deed of Trust
  • Assignment of Leases and Rents (included in the mortgage and, at customer’s option, also in a separate document)
  • Fixture Filing Financing Statement (included in mortgage)
  • UCC-1 Financing Statement for secretary of state filing (no-cost option)
  • Environmental Indemnity Agreement (included in the loan agreement or, at customer’s option, in a separate document)
  • Guaranty
  • Borrowing Authorization (for LLC and LP borrowers), Corporate Resolution (for corporate borrowers), or Trust Certification (for trust borrowers)
  • Any other documents or disclosures called for by state law

We have a multitude of additional documents we can produce, depending on the terms of the transaction and customer preferences.

We don’t have an “off the shelf” sample document package. That’s because each set of GoDocs loan documents generated by our platform is assembled clause-by-clause, taking into account many factors, including each customer’s settings, preferences, type of loan, transaction terms, and property location. So it is literally impossible for us to provide a representative sample document package until we have set up our platform for a customer’s specific requirements.

Once a contract is in place and setup is complete, new customers may order a complimentary sample document package to their exact specifications.

Absolutely! We can satisfy most customer requirements with options already built into our system. If you require further customization or additional documents, we are happy to oblige.

Here is how that process works:

  • After the initial setup process is complete, log on to our customer website and order a complimentary sample document package.
  • Review the sample document package and determine which areas require customization.
  • Provide LDS with the exact language changes you desire to specific clauses, and any additional clauses you would like us to add. 
  • If you have lender-specific documents you would like for us to include in your document packages, send those documents to us in Word format.
  • Our IT team will customize our platform as necessary to accommodate your requests.
  • We will then generate a second sample document package for your final review and approval.
  • If another round of “clean-up” changes is required, we will make those changes and generate another sample document package incorporating those changes.

No, we don’t offer that option. For one thing, the task of encoding third party templates into our system would be monumental. Moreover, if we used your templates, you would not enjoy all of the incredible flexibility and capability to handle countless scenarios, that has been built into our platform over more than two decades of development.

But don’t worry, our platform and templates are so flexible that they can be customized to meet your requirements. We have never had a single customer whose requirements we could not satisfy through customization of our platform.

No. For one thing, we don’t have templates in the usual sense of the word. Each set of documents we prepare is assembled clause-by-clause for each transaction based on transaction terms, property location, and customer preferences. So it’s just not possible for us to create an “all-purpose” template.

No. GoDocs is a software company whose software generates documents on a per-transaction basis. GoDocs does not sell its software, documents, or document templates for reuse by customers, lenders, attorneys, or any other party. Our terms of service strictly forbid the use of any document prepared by GoDocs as a basis for preparing other documents or loan document packages on a transaction other than the specific transaction for which the documents were prepared. We vigorously enforce this prohibition to the fullest extent of the law. In addition to any other legal remedies, a $5,000 unauthorized use fee applies for each document prepared in violation of this prohibition.

We offer two support levels:

Standard Support

  • A fully-automated solution.
  • Includes unlimited help center, email, and telephone support.
  • Documents are generated when the order is submitted and are available for immediate download.

Premium Support

  • Includes unlimited help center, email, and telephone support.
  • A dedicated document specialist is assigned to each order (two dedicated document specialists are assigned for more complex orders).
  • After the order is submitted, an assigned document specialist will review the data entry, correct any obvious errors, and contact the customer with any questions or concerns.
  • The document specialist generates the documents, incorporates any special instructions or custom provisions, then gives them a thorough final review before delivering the documents to the customer.
  • Premium support allows for one-off and custom provisions.
  • The typical turnaround time for premium support orders is next business day by 1:00 pm Pacific Time for orders submitted by 1:00 pm Pacific Time on a business day. Orders with special instructions or unusually complex terms may take longer.

Document package prices are based on the loan amount, customer order volume, and other factors. Contact us for a pricing quote.

Our document packages include all documents needed by most customers for their typical loan transactions. We offer a number of additional documents and document customizations at an additional charge to accommodate more complex transactions.

For customers that frequently require additional documents or more complex transactions, we offer reduced price bundles that cover the most common additional charge items.

  • Our pricing is pay-as-you-go on a per loan basis.
  • There is no minimum order requirement.
  • There are no setup charges for the vast majority of customers. For customers that require an extraordinary amount of custom programming, we may charge a reasonable setup fee.
  • We invoice document package orders and at the time the orders are placed. Invoices are due and payable upon receipt.
  • Fees may be paid by ACH transfer, wire transfer, or credit card.
  • For customers other than banks, credit unions, and established private lender customers, we require payment (i) for standard support level orders at the time each document order is submitted, and (ii) for premium support level orders upon receipt of an invoice and prior to the release of documents. Premium support orders are not considered to have been submitted for turnaround purposes until the invoice has been paid.

To get started click “sign up now” on the menu bar, and submit your basic information. We will send out our standard contract for e-signing. After the contract is signed, we will complete your setup – typically within three business days. At that point, you will be able to order document packages.

New customers are typically able to order loan documents within about three business days after our contract has been signed and automatic payment of the monthly subscription fees has been authorized. For customers who have a lot of special requirements, setup will take longer, but seldom more than a couple of weeks.

In a word, no. GoDocs follows stringent data security, business continuity, and other policies that are typically reviewed as part of the vendor vetting process. Our customers include many large institutions with strict vendor vetting requirements, and we have never once had a problem satisfying those requirements.

None – we have no minimum order requirement and no setup charges for the vast majority of customers. In rare cases where an extraordinary amount of customization is required, there may be a reasonable setup fee.

GoDocs is not a law firm and does not render legal advice to our customers.

We do, however, have a number of allied law firms that offer reasonable flat-rate legal services to GoDocs customers – no hourly charges and no surprises!

Highland Law Corporation is dedicated exclusively to providing flat-rate legal services to GoDocs customers in connection with loan transactions documented by GoDocs. Legal services offered include borrower entity document review, title review and title instructions, lender’s escrow closing instructions, survey review, custom drafting, and responding to borrower’s counsel comments.

Borrower entity document review, title review and title instructions, lender’s escrow closing instructions, and custom drafting can all be conveniently ordered from the GoDocs customer website.

In addition to Highland Law Corporation, GoDocs has arrangements with local counsel law firms in states which require local counsel review of mortgage loan documents. These firms provide local counsel review on an expedited basis at reasonable flat-rate fees.

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