Lightning Docs is a fully automated, cloud-based solution that transforms document preparation by delivering state-compliant, attorney-quality, business purpose loan documents instantly. By reducing costs and turnaround times while handling even the most complex transactions, Lightning Docs is redefining efficiency and excellence in the private lending industry.
Unlike conventional mortgages, which rely upon a government-agency standard, business purpose loan documents are not standardized. Business purpose lenders have a few challenging options:
- Hire a law firm for each transaction and be subject to the time and expense of doing so.
- Hire a law firm to create template documents but have no real ability to manage or maintain those templates to maintain compliance over time.
Lightning Docs addresses both issues by providing a SaaS solution providing an automated, state-compliant system that delivers attorney-quality documents in minutes. It streamlines even the most complex transactions, reducing preparation time from days to minutes and cutting costs by up to 80%. Serving more than 50% of the top 50 national private lenders, Lightning Docs is redefining industry standards with unparalleled innovation and efficiency.
Since 2021, Lightning Docs has grown:
- Revenue by 288%
- Number of users by 339%
- Total number of loan transactions by 377%
- Total dollar amount of loan origination by 295%
Lightning Docs has achieved exponential growth and impact, with usage increasing by 61% in 2024 alone. Since its launch in 2018, the platform created over 98,000 loans, representing more than $50 billion in total loan origination. Lightning Docs are the official loan documents of the American Association of Private Lenders, the largest trade association of private lenders and is used by more than 50% of the top 50 national private lenders in the country, showcasing the transformative value we deliver to the private lending industry.
