GoDocs, the developer of commercial loan document generation, has unveiled its API solution, GoDocs CommercialConnect. Designed especially for the commercial lending space, it allows for unprecedented connectivity between third-party and proprietary lending platforms. As an industry-first API built specifically for commercial lenders, this latest solution from the automation leader promises to reduce costs by streamlining the entire commercial loan process and continues the company’s tradition of innovating and leading in the space.
GoDocs CommercialConnect provides a unique and dynamic structure encompassing the commercial lending ecosystem, the company said. The interface is designed for ease of use and a low-code deployment that enables complete customization and uses fewer resources — allowing commercial lenders to focus more on lending and less on managing their technology partners.
The dynamic data modeling employed by GoDocs delivers a self-guided workflow that asks the right questions at the right time based on the user’s response. Out of the box, the API supports hundreds of commercial lending data fields for automating the most complex commercial real estate transactions. The system incorporates a variety of custom components including non-standard vesting, multiple security instruments, complex entity structures and ancillary documents. All of these components are supported across all GoDocs commercial loan document packages. This purpose-built commercial lending API accelerates integration, lowers costs and makes loan processing more accurate..
“GoDocs CommercialConnect builds API configuration directly into the customer onboarding process for the industry’s only commercial lending-specific API,” saod GoDocs CEO Steve Butler. “Incorporating new technology shouldn’t be a cumbersome process. We want our customers to be able to hit the ground running with our solutions, while experiencing the synergy and efficiency that can really enhance opportunities for borrowers, lenders, builders and developers.”
The proprietary platform is completely scalable and includes the best in data security. With its customizable design, users can utilize any standard or custom data fields and enjoy fast and easy access to their data and documents. Processes that used to take days can now be executed in just minutes without sacrificing security or accuracy, GoDocs reported.
