bankingciooutlook

Godocs Has Published A Must-Have Checklist For Assessing Automated Document Preparation Systems

Banking CIO Outlook | Tuesday, July 05, 2022

GoDocs is well-versed in the business and has developed a detailed checklist to ensure that consumers receive a solution that includes all of the capabilities they want and others they didn't realize they needed.

Fremont, CA: Many sectors have seen significant transformations in the last two years, and the loan industry has been no exception. While the pandemic forced the banking and loan servicing industries to adjust fast to its ramifications, several continuing trends were already altering the environment and ushering the respective firms into a new age.

GoDocs, the industry leader in commercial loan document generating automation, has now released a must-have checklist for anyone considering investing in an automated document preparation system. This handy checklist makes it simple to analyze several strategies and select the best option to help businesses accomplish their lending and loan processing objectives.

Several factors to consider when selecting an automated loan documentation system go far beyond pricing. While lenders may have a short list of essential qualities, certain critical components may be unfamiliar. Fortunately, GoDocs is well-versed in the business and has developed a detailed checklist to ensure that consumers receive a solution that includes all of the capabilities they want, as well as others they didn't realize they needed.

While GoDocs is making the checklist available to the public, it is the outcome of cooperation amongst some of the most brilliant minds in real estate development. The checklist got developed using over 40 years of knowledge, making it the most reliable tool accessible to assist users in making the best decisions for their company.

Loan paperwork can be made more difficult because compliance requirements vary in 50 states. As a result, companies that wish to provide countrywide services must comply with several rules while ensuring that all documentation is comprehensive, compliant, and correct. This might create delays and increase legal fees.

The checklist will also assist users in considering various price structures, technical and customer service, as well as the employee onboarding process. It is a comprehensive checklist that lets customers rapidly evaluate technology suppliers and see how they stack up.

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