Solutions

Four document solutions:

  • Loan document packages for virtually any type of commercial real estate or C&I loan
  • All commercial property types, including: retail, office, warehouse, mixed-use, hotel/motel, church, school, self-storage, etc.
  • Term loans, fixed, adjustable, interest only, revolving lines of credit, bridge loans, rehab loans
  • C&I loans secured by any combination of collateral – “all assets”, accounts receivable, real estate, etc.
  • Loan document packages specifically tailored for loans secured by multifamily properties (5 or more units)
  • All multifamily property types, including: apartments, mobile home parks and assisted living facilities
  • Term loans, fixed, adjustable, interest-only, revolving lines of credit, bridge loans, rehab loans
  • A custom-tailored solution to conform with each lender’s loan programs and requirements
  • Loan document packages specifically tailored for business purpose loans secured by 1-4 unit residential properties
  • Document packages are custom tailored for each transaction, lender requirements and applicable state law
  • The perfect compromise between simplistic “form” software and expensive attorney-prepared documents
  • Fifty-state compliance provides a uniform document platform for lenders who make loans in multiple states
  • Modification documents for commercial, multifamily and investor-owned 1-4 unit loans
  • Loan modifications
  • Loan extensions
  • Loan assumptions and modification-assumptions

Two support levels:

  • A fully automated document preparation platform
  • Enter or import data then download documents immediately
  • When there is a need for speed – RoboDocs delivers!
  • Unlimited phone, email and help center support
  • RoboDocs with standard support offers our lowest low price point
  • Our premium support level offers the utmost flexibility, and the security of knowing that two document specialists are assigned to each order
  • Special instructions, one-off terms and non-standard provisions are no problem with the premium support level  
  • Typical turnaround time is next business day
  • We built our reputation with the premium support level – most of our longtime customers choose premium support for all transactions

Compare To Other Solutions:

Click to compare LoanDocSolutions to:

LoanDocSolutions vs. Typical Doc Prep Software
LoanDocSolutions
Typical Doc Prep Software
Software Focus
'Laser-focused' on multifamily, commercial and 1-4 unit business purpose loans
Multi-purpose, including owner-occupied residential, consumer loans, auto loans, etc.
Document Quality
Sophisticated documents assembled clause-by-clause based on lender preferences, transaction terms, property type and location
Simplistic form documents
Reputation in the Industry
LDS is the 'gold standard' of loan document preparation – well known and highly regarded by regulators and potential investors
Documents poorly-regarded by many real estate finance attorneys, investors, and regulatorss
Expert Support
Unlimited expert support - dedicated document specialists for premium support orders.
Support limited to software-related issues
Able to Handle One-Off Terms and Complex Transactions
Yes
No
File Format Options
Word, PDF
Often proprietary format, non-editable
User Interface
Intuitive web interface
Complex interface, requires specialized training to operate
LOS Data Integration
Yes
Maybe, as custom $$ add-on
Ability to Edit Documents
Yes, documents provided in Word format are easily edited
Difficult or impossible to edit - any changes to boilerplate language may void compliance warranties
Initial Cost
$0 - no setup costs
$$$$
Annual software maintenance costs
None
Yes - significant
Minimum Volume Requirement
None
Large annual cost regardless of volume
Staff Training Requirements
Little or no training required
Extensive initial training and ongoing continuing education required
State Law Compliance
50-state compliance included
Setup charge plus ongoing maintenance fees for each state
Access to flat-rate legal services
Yes - LDS customers have access to reasonable flat-rate legal services from allied law firms
No
Software Stability
Rock solid, refined over two decades
Sometimes glitches
LoanDocSolutions vs. In-House Doc Prep
LoanDocSolutions
In-House Doc Prep
Training Requirements
None
Yes
Staffing Requirements
None
Yes
Software and Template Development Costs
None
Considerable costs to create document templates and document assembly software
Cost of Maintenance and Upgrades
None
Continuing costs
Scalable - Pay-As-You-Go
Yes
No
Nationwide State Law Compliance
Included
Major Undertaking
Drain on Company Resources
No - turnkey outsource solution
Yes - diverts resources away from core business functions
Web Interface
Yes - intuitive web interface refined over more than two decades
May offer rudimentary web interface
LOS Data Integration
Yes - LDS can import data from all standard file formats
Perhaps - with significant IT development and maintenance costs
LoanDocSolutions vs. Typical Law Firms
LoanDocSolutions
Typical Law Firms
Included Documents
All required closing documents
Primary legal documents only - lender responsible to create standard lender-required forms
Choice of File Format Options
Yes
Maybe
Web Interface
Yes - intuitive web interface refined over more than two decades
May offer rudimentary web interface
LOS data integration
Yes - LDS can import data from all standard file formats
Perhaps - with significant IT development and maintenance costs
Turnaround Time
Immediate for RoboDocs standard support orders, Next business day for premium support orders
Varies
Cost
$
$$$$
Document Consistency from State-to-State
Yes
No

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