Anyone interested in lending will find the case study a valuable resource that provides a look at the future of private lending. This latest case study details how GoDocs was able to provide customized solutions and quickly onboard theLender in order to support their aggressive goals for scaling the company at a time when non-QM loans and the private lending suite of loan offerings are becoming increasingly important. GoDocs is proud to act as a catalyst for this positive and progressive change and excited to have the opportunity to work with other like-minded companies," says Stephen Butler, CEO of GoDocs.
While the industry may have been slow to adapt to new technology, there is no doubt that automation has arrived and will be a driving force in the success of lenders. "Our work with theLender showcases the future of private commercial lending. That number tripled over the course of the next month and after just six months, the company is well on its way towards achieving a 10x increase in volume by capturing market share against the competition. In just the first month of the partnership with GoDocs, theLender was able to efficiently process more than 100 loans. The GoDocs automation includes document auto-population through a direct import from the Encompass loan origination system. The closing documents for each loan are ordered in seconds by theLender's loan closers.
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GoDocs, as published in the case study, helped theLender achieve full automation for the loan documentation process for each of its unique loan products. After an exhaustive search, they decided to turn to GoDocs for help meeting their ambitious goals for growth. To help build on its momentum, the company started looking for innovative and uncomplicated ways to accelerate the lending process and grow theLender's loan volume by order of magnitude. TheLender has been able to transform the private lending landscape space by offering a full suite of products and incorporating the latest in research and technology. theLender, with this strategic technology partnership with GoDocs, was able to recognize this gap in the market and address the pressing needs of both lenders and borrowers. At the same time, private lenders are working to keep loan costs down and offer a more frictionless and affordable lending experience. However, with high-interest rates for QM loans, borrowers are looking for more solutions. Historically, the non-QM space has been relatively static and underutilized. TheLender (Hometown Equity Mortgage) is a California-based company and industry leader specializing in wholesale mortgage lending.
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