Loan Document Automation Is Replacing Manual Workflows. Here’s What Lenders Are Saving
For many private lenders, loan document preparation works well in the early stages of growth. As volume increases, however, documentation workflows can become a significant operational challenge. Whether documents are prepared internally, through outside counsel, or a combination of both, managing documentation across dozens or hundreds of transactions often introduces delays, duplicate work, and administrative […]
Lightning Docs Update
We have issued an update to the system that modified the following: Change in styling to Secured Note Section 2.7: Due to confusion of how this section is written, we have modified the styles of this section to make it easier to understand that the document is referring users to the Loan Agreement by modifying […]
Lightning Docs Update
We have issued an update to the system that modified the following: TIC Agreement: A new permission has been added to enable a Tenant in Common Agreement Subordination. Enabling this permission will allow users to select, on a loan by loan basis, whether all of the owners of the properties are Co-Tenants subject to a […]
Lightning Docs Update
We have issued an update to the system that modified the following: FCI Set Up Form: FCI’s Loan Servicing Compliance Form will now populate as a separately downloadable document, pre-filled with information from the Lightning Docs interview, while there remains a few locations to manually enter additional information. Texas Title Conditions Update (Lender’s Closing Instructions): […]