IRVINE, Calif., Oct. 22, 2024 /PRNewswire/ — Lightning Docs™, the Official Loan Documents of the American Association of Private Lenders®, announces the launch of its Lightning Docs 2.0 platform. This comprehensive development project, which took over a year to complete, empowers clients with successful API connections to enhance and expedite their processes.
Churchill Funding, an esteemed capital provider to private lenders, is leveraging the platform’s API integration to better serve its originators. This integration enables seamless creation of fix-and-flip, bridge, construction, DSCR, and portfolio-rental loan documents nationally, effectively eliminating manual data entry and re-keying of pre-existing data.
“Lightning Docs 1.0 demonstrated our ability to deliver law firm-quality documents to mortgage lenders online. With 2.0, we have taken significant strides to ensure that our best-in-class documents are more accessible and efficiently produced using cutting-edge technology. With over 200 active users, including more than 60% of the top 50 largest private lenders in the country, and handling more than 3,000 private lender loans each month, it was essential for Lightning Docs to evolve alongside our clients’ needs. We are proud to say we have fulfilled that promise,” said Nema Daghbandan, CEO of Lightning Docs.
Initially developed to serve Geraci LLP, the nation’s leading private lending law firm, Lightning Docs was designed to streamline the drafting of document packages for thousands of business-purpose loans across various states. Recognizing the absence of commercially available solutions tailored for private lenders, the attorneys at Geraci LLP created a platform capable of delivering complex, legally compliant results while mimicking the analytical capabilities of their highly trained legal team.
Commenting on the successful integration and its impact, Glenn Tatham, Managing Director of Churchill Whole Loan, stated, “As a leading player in the Business Purpose Lending capital markets, we recognize that efficiency and quality are crucial for providing an outstanding experience to our partners. The API is an additional tool to help us allocate our capital more effectively.”
Lightning Docs continues to set the standard as the most advanced legal solution custom-built for private lenders. The platform offers features such as preparing table-funded, white-label, and correspondent loan documents. Users can also effortlessly create remarkably complex loan transactions involving multiple properties, borrowers, guarantors, and lenders across state lines, all within a single transaction.
Lightning Docs 2.0 Key Features:
For more information about our exciting new interface or to schedule a live demonstration of the system, please contact us at info@lightningdocs.com or visit www.lightningdocs.com
Contact:
Lightning Docs
90 Discovery
Irvine, CA 92618
(949) 379-2600
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SOURCE Lightning Docs
