RoboDocs prepares loan documents using data collectived via secure RoboDocs client websites. RoboDocs utilizes an exclusive "artificial intelligence" system that analyzes the transaction data and prepares the appropriate documents using the same logical steps that an attorney would take. RoboDocs clients includes lenders as well as law firms.

To obtain closing documents from RoboDocs, lenders or their attorneys simply complete a data entry form on the web. RoboDocs prepares the closing documents using data entered by the lender or its legal counsel. Documents are prepared by legal assistants under attorney supervision, with the assistance of advanced document assembly software. Documents are delivered electronically the next business day –or faster.

RoboDocs also includes documents for the post-closing assignment of the loan to Fannie Mae. Documents are provided in Word format by default, allowing for editing and customization.

“Our online, web-based system is a revolutionary new way to obtain loan closing documents for commercial, multifamily and construction loans. Working closely with Fannie Mae, we have developed a custom version of our product – designed specifically for Fannie Mae multifamily loans. Our system is both time and cost efficient. Lenders will be able to conserve their closing staff resources and reduce legal fees. We can also integrate with the lender’s existing loan database to avoid redundant data entry,” says Gary Highland, President and General Counsel, RoboDocs.