2005 Newsletter >> Commercial Lending

Commercial Banking System

Select loan type and the system makes half your decisions for you...

Automated Lending Documents System

Basha Systems LLC was retained to design and build a system to produce semi-complex lending document sets first time, every time. The system had to be able to differentiate between a "Standard" loan and a "Line of Credit" loan, as well as Promissory Notes, Mortgages, Assignments and other associated documentation. The document automation system designed also needed to be somewhat self reporting and include the ability to "auto-select" documents for the user, based upon input.

Lastly, the system was required to make a multitude of decisions regarding the loans, depending upon the user's answers. Our documented and conveyed their business logic - fixed and flexible rules existed and we built those into the system. The resulting document automation system produced around 50 pages of documentation in approximately 10-15 minutes of user time. The drafts, except in the most complex cases, were error free; the first draft is the final draft.

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