Lucro Partners with GoDocs to Revolutionize Commercial Loan Closing Process for its Credit Union Clients

The credit union service organization will use GoDocs' SaaS solution to service its more than one-hundred credit union clients

LOS ALAMITOS, Calif., Feb. 25, 2025 /PRNewswire/ -- GoDocs, the leader in commercial loan document automation, today 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.

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," said 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."

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.

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.

For more information about GoDocs, visit www.godocs.com. To learn more about Lucro, visit www.lucro.org.

About GoDocs

GoDocs is the leader in loan document automation, transforming the commercial lending process. Its scalable, software-first SaaS platform is powered by specialized, market-driven technology that ensures rapid, responsive updates. Since 1997, GoDocs has delivered the best automation solution for everything from standard to the most complex loans. Designed to scale effortlessly, the GoDocs closing platform is the only solution in the industry with real-time, 50-state compliance automation built-in. Its best-in-class customer support features top legal expertise and experienced closing specialists. Trusted by top banks, credit unions, and private lenders, GoDocs offers a user-friendly experience with 100% onshore support.

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SOURCE GoDocs