Lucro and GoDocs Transform Loan Closing for Credit Unions
Lucro Partners with GoDocs for Loan Process Innovation
Lucro Commercial Solutions, LLC has entered into an exciting partnership with GoDocs, a leader in commercial loan document automation. This innovative collaboration aims to transform the loan closing process for over one hundred credit unions, enhancing operational efficiency and client satisfaction.
Enhancing Client Experience with Automation
With GoDocs' advanced SaaS solution, Lucro is set to provide its credit union clients with faster, automated document generation. This partnership signifies a commitment to a customer-centric service model, ensuring precision and compliance throughout the loan closing journey.
Streamlining Document Generation
As noted by Cori Schmidt-Zdrazil, COO of Lucro, the partnership with GoDocs allows for customization and the automation of closing documents. This leads to quicker turnaround times and a substantial reduction in errors, thus significantly improving the overall borrower experience.
Transitioning to a Cloud-Based Solution
Traditionally, Lucro relied on a conventional on-premises platform for document production. However, as the complexity of loans increased, so did the costs associated with maintaining the existing setup. GoDocs provided an appealing cloud-based alternative designed to optimize the generation of attorney-level closing documents.
Commitment to Technological Advancements
Adam Craig, CEO at GoDocs, emphasized the importance of their partnership, stating that it underscores their dedication to simplifying operations for financial institutions. By shifting to GoDocs' cloud solution, Lucro stands to eliminate cumbersome manual processes, thus lowering costs and enhancing the service delivery for their credit union partners.
A Seamless Integration Process
The configurability of GoDocs' platform facilitates comprehensive automation in the document generation process. This adaptability helps Lucro ensure that closing documents are accurate and produced efficiently. During the onboarding phase, GoDocs collaborated closely with Lucro to comprehend their distinct needs, leading to a smooth integration process.
Supporting Credit Union Operations
As a Credit Union Service Organization (CUSO), Lucro is dedicated to managing the backend loan processes for its clients. This partnership allows credit unions to focus more on member service rather than being bogged down by administrative tasks. Moving forward, Lucro intends to expand the use of GoDocs across its entire loan servicing network.
About GoDocs
GoDocs stands as a pioneer in loan document automation, continually reshaping the commercial lending landscape. Their SaaS platform, operational since 1997, offers responsive updates powered by specialized technology. The GoDocs platform is notable for its built-in, real-time compliance automation across all 50 states.
Reliable Support and Expertise
Boasting best-in-class support, GoDocs combines legal expertise with seasoned closing specialists. Their commitment to client service has earned them the trust of banks, credit unions, and private lenders alike, offering a user-friendly experience with complete onshore support. Lucro’s decision to collaborate with GoDocs is a forward-thinking approach that illustrates their commitment to an efficient, client-centric model.
Frequently Asked Questions
What is the aim of the partnership between Lucro and GoDocs?
The partnership aims to streamline and automate the commercial loan closing process for credit unions served by Lucro, enhancing operational efficiency.
How will credit unions benefit from this collaboration?
Credit unions will benefit from faster document generation, improved accuracy, and reduced costs, allowing them to focus more on member services.
What technology does GoDocs offer?
GoDocs provides a cloud-based software-as-a-service platform designed for commercial loan document automation, ensuring compliance and operational efficiency.
How long has GoDocs been in operation?
GoDocs has been providing automation solutions since 1997, continuously evolving its technology to meet market needs.
What unique features does the GoDocs platform have?
The GoDocs platform offers real-time 50-state compliance automation, along with exceptional customer support from experienced professionals.
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