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  • Why GoDocs
    • About GoDocs
      • How it Works: GoDocs
      • How it Works: Complex Loan Automation
      • SOC 2 Type II Certified
    • The Power of GoDocs
      • Built for Complex Loans
      • End-to-End Flexibility
      • Expert Support
      • Fast Onboarding
      • LegalNet™
      • Powerful Automation
    • API Technology
      • GoDocs CommercialConnect™ API
      • TMO Integration
  • Industries
    • Banks
    • Credit Unions
    • Private Lenders
  • Products
    • CommercialDocs®
    • 1-4UnitDocs™
    • ApartmentDocs®
    • C&IDocs™
    • ConstructionDocs™
    • InvestorDocs®
    • ModDocs®
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Menu
  • Why GoDocs
    • About GoDocs
      • How it Works: GoDocs
      • How it Works: Complex Loan Automation
      • SOC 2 Type II Certified
    • The Power of GoDocs
      • Built for Complex Loans
      • End-to-End Flexibility
      • Expert Support
      • Fast Onboarding
      • LegalNet™
      • Powerful Automation
    • API Technology
      • GoDocs CommercialConnect™ API
      • TMO Integration
  • Industries
    • Banks
    • Credit Unions
    • Private Lenders
  • Products
    • CommercialDocs®
    • 1-4UnitDocs™
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GoDocs New Customer Setup Form

Completing this form is the next step in the easy process of becoming a GoDocs customer! If you are not sure at the moment of the answer to any question, don't worry! You can save your information at any time and come back later to finish. To do so click "Save and Continue Later" at the bottom of this page.

This form collects the settings GoDocs needs to complete the setup process.
Within three business days after submitting this new customer setup form we will notify you that your setup is complete and you are cleared to order loan documents!

New Customer Information

Your Name(Required)
Your Email Address(Required)
Customer Type(Required)
Customer Name (individual private lender)(Required)
Person(s) who must approve these settings on behalf of customer:(Required)
We will email the completed form to the person(s) named below for their approval of these settings.
First Name
Last Name
Title
Email
 
Note: It is very important to provide the exact legal name as reflected on the entity's organizational documents or the secretary of state website for the entity formation state.
Types of loan transactions for which customer may need documents(Required)
Check all that apply.
In what regions does customer lend?(Required)
Check all that apply.
Address for Notices(Required)
Enter the lender's address for notices in the loan documents.
Add an "Attn:" line to notice address?(Required)
Address for Note Payments(Required)
Enter the note payments address.
Add an "Attn:" line to note payment address?(Required)
Document Return Address(Required)
Enter the customer's address where recorded documents should be mailed.
Add an "Attn:" line to document return address?(Required)

Document Package Options

Our default document package options are suitable for most customers.
If desired, you may choose specific document package options different from the default options. We are happy to discuss these items.

UCC-1 Financing Statements for Secretary of State Filing

All GoDocs document packages include a fixture filing financing statement as part of the deed of trust or mortgage. This section determines whether the customer will receive a separate UCC-1 Financing Statement for filing with the secretary of state. This may be specified separately by product type.
Include UCC-1 Financing Statement
Default is to leave all boxes for all loan types unchecked.

Separate Assignment of Leases and Rents

All GoDocs mortgages and deeds of trust include a comprehensive assignment of leases and rents. While not legally required, some lenders prefer to have a separate assignment of leases and rents prepared and recorded along with the deed of trust or mortgage.
Include Separate Assignment of Leases and Rents?
Default is to leave all boxes for all loan types unchecked.

Separate Environmental Indemnity Agreement

By default, GoDocs includes comprehensive environmental indemnity provisions in the loan agreement. While not legally required, some lenders prefer to have a separate environmental indemnity agreement prepared rather than including the same provisions in the loan agreement. There is no difference in the covenants themselves, it is a matter of whether to include those covenants in the loan agreement or in a separate document.
Include Separate Environmental Indemnity Agreement?
Default is to leave all boxes for all loan types unchecked.

Single Asset Entity Requirement

Lenders often require that the borrowing entity be a "single-asset" entity. That is, the borrowing entity will not own any assets other than the real property that serves as security for the loan. (The single asset entity requirement is not available for individual or family trust borrowers.)
Does customer require the borrower to be a single asset entity (SAE)?(Required)
Reminder: This does not apply for loans to individual or family trust borrowers. Default is no.

Cash Collateral Agreement

Lenders sometimes require a cash deposit at the time of loan closing, to be pledged as additional collateral for the loan, and released upon satisfaction of stated conditions. The cash may be from the borrower's own funds or from loan proceeds.
There are many reasons that cash collateral may be requested and utilized. Sometimes the cash is held until certain conditions such as minimum DSCR are met. Cash collateral may also be used as a payment reserve to pay all or a portion of the monthly payments.
With a Cash Collateral Agreement the borrower pays interest on the full loan amount even if loan funds were used to fund the cash collateral deposit.
Show Option to Request Cash Collateral Agreement?(Required)
Default is no.

Repair Agreement

A Repair Agreement is used when a lender is willing to close a loan even though repairs are required, on the condition that funds are deposited to cover the cost of the repairs.
The Repair Agreement provides that funds will be held until the required repairs are completed.
Upon completion of the repairs the funds are released to the borrower. The funds deposited may come from loan proceeds or the borrower's own funds.
Show Repair Agreement Option?(Required)
Default is no.

Side Letter / Undelivered Items Letter

A side letter is used when a lender is willing to close the loan based on the borrower's promise that certain conditions will be satisfied within a certain amount of time after the loan closing.
A side letter may be used, for example, to memorialize the borrower's promise to complete minor repairs. Unlike a Repair Agreement, a side letter agreement does not require that funds be held back or deposited.
An undelivered items letter is very similar to a side letter.
While the distinction may sometimes be blurry, a good way to think about the difference is that a side letter is used when the borrower must DO something, whereas an undelivered items letter is used when the borrower must DELIVER something to the lender.
Show Side Letter and Undelivered Items Letter Option?(Required)
Default is yes.

Miscellaneous

Does customer offer fixed rate, adjustable rate, or hybrid loans?(Required)
Check all that apply. (A hybrid loan is one that is fixed for a period of years, after which the rate adjusts on a periodic basis.)
Is there a limit as to how much the rate can change on any rate change date?(Required)
Does the per-change limit apply to the first rate adjustment on hybrid loans?(Required)
What interest rate indices does the customer use?(Required)
Check all that apply.
Describe any other rate indices used by customer.
Interest Accrual Method(Required)
Default is 30/360.
P&I Payment Calculation for Actual/360 Interest Accrual Method(Required)
Most lenders who accrue interest on an Actual/360 basis nevertheless calculate the monthly principal and interest payments based on a 30/360 method.
This results in a slightly lower payment than if the payment is calculated on the Actual/360 effective rate. It also means that a 30-year loan, if held to maturity, would have a balloon payment due at maturity.
A minority of lenders using the Actual/360 accrual method calculate the P&I payment based on the effective rate [(stated rate / 360) * 365].
For lenders who calculate the P&I payment based on the effective rate, GoDocs has found that different servicing software systems sometimes come up with slightly different payment amounts. Therefore, if you elect to calculate the P&I payment based on the effective rate, GoDocs will display an estimated payment amount, and the customer will need to enter the actual payment amount calculated by the customer's servicing software. The payment calculated by the customer's servicing software should be within a dollar or two of the GoDocs estimated payment.
If you are unsure, select the first option, which the most common practice.
Do any of customer's loans include a prepayment premium?(Required)
Prepayment Premiums Used by Customer(Required)
Describe any other prepayment premiums used by customer.
Declining percentage PPPs over a period of years should be described with the percentages for each year separated by dashes.
Is the borrower allowed to prepay up to a certain amount over a 12 month period (or per calendar year) without incurring a prepayment premium?(Required)
Some lenders allow customers to prepay up to a certain percentage of the outstanding loan balance during each 12 month period (or calendar year) without incurring a prepayment premium.This is typically stated as a percentage of the outstanding principal balance.
Amount which may be prepaid during 12 month period or per calendar year.
Borrower Recourse Options(Required)
Check all that apply.
Guarantor Recourse Options(Required)
Impound (escrow) for taxes?(Required)
Indicate whether customer requires impounds (aka escrow deposits or imposition deposits) for real estate taxes.
Impound (escrow) for insurance premiums?(Required)
Indicate whether customer requires impounds (aka escrow deposits or imposition deposits) for insurance premiums.
Fee for bounced checks or declined ACH payments.
Default is $100.
Please enter a number from 5 to 200.

User Setup

List users who should be issued logins to the GoDocs website. If you wish to have access to the GoDocs website you must include yourself in this list.(Required)
First Name
Last Name
Email
Phone
 
Contact
  • [email protected]
  • (855) 777-3627
  • 18650 MacArthur Blvd. Ste. 200 Irvine, CA 92612
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