MDC Software.com: Comprehensive solution for commercial lending

Here’s an interesting one if lending money on a commercial basis is your thing. Having said that, it would seem nobody is lending money on a commercial basis if you believe the doom and gloom spread across most of the pink pages these days. That aside, this one looks like a good aide to getting both the processes and paperwork right for the smooth initiation, on-going operation and ultimate repayment of a commercial loan. Anyone who has worked in the industry, and in particular the smaller and perhaps not so blue-chip end of the market will know; documentation can often be the undoing of a facility that has taken a lot of hard work to put together in the first place.

It’s hard to believe I know but many a loan document, originally drafted by a lawyer for a specific purpose, has subsequently been doctored by an untrained hand for use on another case. And whilst this may ultimately save on up-front costs the potential for it not to be legally binding will in many cases cost an awful lot more.

Secure lending requires a number of processes and tick boxes and it is only after these have been properly completed is it safe to splash the cash. With EmpowerCLS from MCD Software not only will you get loan documents that have been drafted by professional’s you’ll have a system will only let those that have been authorized make any amendments. 

The system’s built in document workflow will ensure that the boxes are all ticked and Smart Select Technology™ will be on hand to make sure that the correct suite of legal documents is prepared for each type of loan ensuring any additional security requirements are covered properly.

A good reporting function is available allowing you to see exactly where in the process any loan application is. On top of that the collaborative nature of the system means that all parties can view and flag up any required amendments without the need to constantly re-print the documents. All of these functions will undoubtedly save you money in the long term.

Conclusion

This looks like a very comprehensive solution in what are pretty scary times for the commercial lending community. Legal compliance and money saving functions all in one, definitely worth a look I think.