RoboDocs prepares loan documents over the Internet for commercial, multifamily and construction loans. 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 include both lenders and leading 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 using advanced document assembly software and delivered electronically the next business day – or faster.

Fannie Mae multifamily loan document packages ordered from RoboDocs are delivered electronically in Adobe Acrobat format, which supports digital signatures – an important feature as the industry moves toward paperless closings. RoboDocs also includes documents for the post-closing assignment of the loan to Fannie Mae. Upon request, the documents can be provided in Word format, allowing further customization when necessary.

“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.