LightningDocs automatically generates closing loan documents compliant with all 50 states. The tool flags licensing requirements and works with Jurassi, which provides attorney review of the generated documents, addressing concerns about replacing lawyer-drafted paperwork.
When you go in and put in the LightningDocs, it creates and generates all your closing docs for you, correct?
All the documents, all 50 states compliant in all 50 states. I think it will also raise compliance flags if, you know, it's a licensing state. They'll say, hey, this is a state that you need to be licensed, reach out to.
So that's one of the things that I think that the industry was a little nervous about when you guys rolled out LightningDocs was traditionally we had an attorney that's creating those docs.
We still got Jurassi for that, right?
So does Jurassi look at them or do we have to say, hey, can you take a look? No.
So the difference between LightningDocs and with Jirassi is that you have Jirassi attorneys reviewing every single term on your loan. It's a Colorado loan, right? These are my terms. Am I compliant? Can I do prepayment penalty fees? Can I do charge late fees? The attorneys review every single term and they will flag anything. Lining docs, you have to know what you're doing. You have to have some sort of compliance, you know, information or resource on your back office, and whatever you put in is going to be what is generated.
