The RoboDocs Solution

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A brief overview of Robodocs loan documentation and closing solutions.

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The RoboDocs Solution

  1. 2. About RoboDocs <ul><li>In business since 1997 </li></ul><ul><li>Based in Newport Beach, California with nationwide production capability </li></ul><ul><li>Founded by noted Commercial Real Estate Finance Attorney Gary Highland </li></ul><ul><li>To date, over 46,000 document packages completed in excess of $70 Billion in transactions </li></ul><ul><li>Routinely handle Table Funding transactions for regional and national lending clients </li></ul><ul><li>Rigorous Security Procedures, Protocols, and Systems in place that meet or exceed industry standards </li></ul>
  2. 3. Standard Closing Documentation Solutions <ul><li>Attorney-Drawn Documents </li></ul><ul><li>Software </li></ul><ul><li>In-House Solution </li></ul>
  3. 4. Attorney-drawn Documents <ul><li>BENEFITS </li></ul><ul><ul><li>Fully customizable </li></ul></ul><ul><ul><li>Minimal lender staffing required </li></ul></ul><ul><ul><li>Third Party data review </li></ul></ul><ul><li>DRAWBACKS </li></ul><ul><ul><li>Cost </li></ul></ul><ul><ul><li>Longer turnaround times </li></ul></ul><ul><ul><li>Variable Turnaround times </li></ul></ul>
  4. 5. Software <ul><li>BENEFITS </li></ul><ul><ul><li>In-house control of document production </li></ul></ul><ul><ul><li>Cost efficiencies </li></ul></ul><ul><li>DRAWBACKS </li></ul><ul><ul><li>Lack of flexibility </li></ul></ul><ul><ul><li>Weak/minimalist loan documents </li></ul></ul><ul><ul><li>Training/Staffing to utilize </li></ul></ul><ul><ul><li>IT assets required to update and maintain </li></ul></ul><ul><ul><li>Data entry defects transmit to loan docs </li></ul></ul>
  5. 6. In-House Solution <ul><li>BENEFITS </li></ul><ul><ul><li>In-house control of document production </li></ul></ul><ul><ul><li>Speed of document production </li></ul></ul><ul><li>DRAWBACKS </li></ul><ul><ul><li>Resources required and legal burden for 50-state compliance monitoring and document revisions </li></ul></ul><ul><ul><li>Staffing requirements </li></ul></ul><ul><ul><li>Document/template management and integration for new programs </li></ul></ul><ul><ul><li>Difficult to customize for unique circumstances </li></ul></ul>
  6. 7. What if… <ul><li>BENEFITS </li></ul><ul><ul><li>Cost Effective </li></ul></ul><ul><ul><li>Fast, Consistent Document Turnaround Times </li></ul></ul><ul><ul><li>Control Similar to In-House Solution </li></ul></ul><ul><ul><li>Customizable </li></ul></ul><ul><ul><li>Minimal Lender Staffing Requirements </li></ul></ul><ul><ul><li>Third Party Data Review </li></ul></ul><ul><ul><li>No Special Training Required </li></ul></ul><ul><ul><li>Continuous Compliance Updates </li></ul></ul><ul><ul><li>No Software Updates/IT Management </li></ul></ul><ul><ul><li>No Setup Fees </li></ul></ul>
  7. 8. The Robodocs Solution <ul><li>The Solution </li></ul><ul><ul><li>Business Process Outsource (BPO) </li></ul></ul><ul><ul><li>Hybrid Service utilizing Artificial Intelligence, Proprietary Software, and paralegal/attorney review of EVERY transaction </li></ul></ul><ul><li>The Documents </li></ul><ul><ul><li>Custom-compiled for EVERY transaction </li></ul></ul><ul><ul><li>Highly-customizable templates based on lender preferences </li></ul></ul><ul><ul><li>Integration of Lender’s own documents if required </li></ul></ul>
  8. 9. The Robodocs Solution <ul><li>The Process </li></ul><ul><ul><li>Direct browser interface </li></ul></ul><ul><ul><li>Field-mapping to loan origination system for data migration to RoboDocs </li></ul></ul><ul><ul><li>Processor enters and/or uploads borrower, loan and property information </li></ul></ul><ul><ul><li>RoboDocs creates custom loan document package, reviews data for consistency, checks borrower status, conducts final review and delivers signature-ready documents. </li></ul></ul><ul><ul><li>Standard turnaround is NEXT BUSINESS DAY, with Super Rush in as little as FOUR HOURS </li></ul></ul>
  9. 10. The Robodocs Solution <ul><li>The Deliverables - Overview </li></ul><ul><ul><li>Delivered via SwiftSend secure electronic delivery </li></ul></ul><ul><ul><li>Stacked, compiled, signature-ready Word or Adobe formatted documents </li></ul></ul><ul><ul><li>Hyperlinked Table of Contents </li></ul></ul>
  10. 11. Contact Information <ul><li>Lorna Hicks </li></ul><ul><li>Director of Business Development </li></ul><ul><li> T. 949.640.9081 X 29 </li></ul><ul><li> [email_address] </li></ul>

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