The credit union service organization will use GoDocs’ SaaS solution to service its more than one-hundred credit union clients
GoDocs, the leader in commercial loan document automation,announced an innovative partnership with Lucro Commercial Solutions, LLC, a leading Credit Union Service Organization (CUSO), to streamline and automate the commercial loan closing process for the more than one-hundred credit unions Lucro serves. This collaboration marks a significant step forward in enhancing operational efficiency and delivering an exceptional experience for Lucro’s credit union clients.
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This partnership represents a shared vision of innovation and customer-centricity. By leveraging GoDocs’ cutting-edge technology, Lucro can provide credit unions with faster, more reliable, and fully automated commercial loan closing document generation, ensuring compliance and precision at every step.
“GoDocs‘ expertise and dedication to understanding our needs will improve how we service clients and improve borrower experience. The ability to customize the documents while fully automating the process of creating these documents means we can generate documents faster and without errors,” Cori Schmidt-Zdrazil, COO of Lucro. “GoDocs developed a solution that not only meets our operational goals but also enhances the experience for the credit unions we serve.”
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Traditionally, Lucro relied on a traditional on-premises platform to produce closing documents. However, as their needs grew in terms of functionality and loan volume, the cost of maintaining and scaling the existing solution became prohibitive. GoDocs offered an ideal alternative: a cloud-based platform specifically designed to simplify and accelerate the generation of attorney-level commercial loan closing documents.
“Our partnership with Lucro underscores our commitment to providing financial institutions with cutting-edge technology that simplifies their operations,” said Adam Craig, CEO at GoDocs. “By transitioning to our cloud-based solution, Lucro will eliminate manual processes, reduce costs, and deliver an outstanding experience for all the credit unions with which they work.”
GoDocs’ industry-leading platform is highly customizable, allowing Lucro to automate the document generation process completely and eliminate the need for manual editing once the documents are created. This configurability ensures that closing documents are generated accurately and efficiently, reducing errors and saving valuable time. Throughout the onboarding process, GoDocs worked closely with Lucro to understand their unique requirements, fostering a seamless integration and a strong alignment of values.
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As a CUSO, Lucro manages the complete backend loan processes for its credit union clients and their commercial lending portfolio, shouldering the administrative burden and allowing credit unions to focus on member service. Over time, Lucro plans to extend the use of GoDocs to all loans serviced for its credit union network, reinforcing its dedication to efficiency and client satisfaction.
Source – PR Newswire
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