Lucro's Groundbreaking Partnership with GoDocs to Innovate Loan Closing for Credit Unions

Lucro Partners with GoDocs to Innovate Loan Closing Process

In a significant move aimed at transforming the commercial loan closing landscape, Lucro Commercial Solutions, along with GoDocs, has announced a new partnership designed to streamline operations for credit unions. This innovative collaboration is set to positively impact over one hundred credit unions served by Lucro, simplifying the document automation process involved in handling commercial loans.

The Vision Behind the Partnership

Lucro, recognized as a leading Credit Union Service Organization (CUSO), has aligned with GoDocs, a premier name in commercial loan document automation. Their shared vision of innovation embraces the need for operational efficiency and enhanced customer experience. By utilizing GoDocs’ state-of-the-art software-as-a-service (SaaS) platform, Lucro is stepping into a new era of automated document generation that promises speed, accuracy, and compliance.

Cori Schmidt-Zdrazil, Chief Operating Officer of Lucro, emphasizes the transformative power of this partnership. “GoDocs’ expertise allows us to refine our client interactions while also elevating the borrower experience. With the ability for customization, our document generation process will become faster and virtually error-free,” she stated.

Advancements in Document Automation

Traditionally, Lucro relied on an on-premises solution for generating closing documents, which became increasingly cumbersome as their operational demands grew. The limitations of maintaining and scaling an older system prompted the search for a more adaptable solution, ultimately leading to the collaboration with GoDocs.

GoDocs provides a cloud-based platform that stands out for its ability to simplify and expedite the attorney-level document generation necessary for commercial loans. This transition marks a significant shift towards eliminating manual processes that can result in delays and errors, aligning with Lucro’s commitment to service excellence.

Adam Craig, CEO of GoDocs, remarked on the partnership, stating, “Our collaboration signifies dedication to delivering advanced technology tools to financial institutions, enhancing their operational frameworks. Transitioning to our platform enables Lucro to cut down on costs and enhance the experience for their credit union clients.”

Benefits for Credit Unions

The technology embedded within GoDocs allows for high levels of customization, assuring that the generation of essential documents is both accurate and effective. This not only streamlines the process of creating the necessary paperwork but also alleviates the administrative burden on credit unions, enabling them to focus more on member service rather than internal processes.

As part of the integration, GoDocs worked intimately with Lucro to grasp their distinct needs, ensuring a smooth onboarding experience. This collaborative effort reinforces the strategic alignment of both companies, aiming to foster an efficient, client-friendly environment.

Lucro, as a CUSO, manages the backend loan processes for its clients, which includes overseeing their commercial lending portfolios. By adopting GoDocs, Lucro aims to expand the use of this powerful technology to all loans serviced within its network. This strategic move underscores their unwavering commitment to efficiency and customer satisfaction.

Conclusion

In the evolving landscape of credit union services, the Lucro and GoDocs partnership stands as a testament to the power of innovation and collaboration. As financial institutions continue to seek ways to enhance operational efficiency while improving customer experiences, this relationship illustrates how technology can transform traditional processes into streamlined, effective solutions.

For additional information about GoDocs, visit www.godocs.com and for details on Lucro, check www.lucro.org.