IntelleDoc™ Libraries for Consumer Lending
Advanced intelligence in compliance documentation
CSi’s IntelleDoc Solutions for Consumer Lending give lenders the confidence that their lending documentation is accurate for all 50 states and for virtually every type of consumer loan, ranging from the simple to the more complex loans. Because IntelleDocs adapt to each transaction and eliminate cumbersome manual steps, lenders can be more responsive in adapting to changing market conditions. CSi’s solutions are specifically designed to reduce the likelihood of human error at the sales and closing desks. Safeguards built into the documentation solution—for example, generating only the necessary documents and including only required text in documents and disclosures based on loan origination or closing session data—help minimize risk and allow lending business to be managed with greater confidence.
Foundational documents in the Consumer Lending Library include the following.
Consumer Loan Agreements
Consumer Loan Agreements may be used as is or tailored to the needs of the specific loan transaction. If lenders wish to add special repayment or prepayment terms to meet their unique needs, the Consumer Loan Agreement document easily supports those customizations. Consumer Loan Agreements also feature unlimited signatures and support multiple collateral types.
Consumer Real Estate Security Instruments (RESI), or Mortgage or Deed of Trust
RESI documents feature automated, state-specific intelligence regarding property laws, ensuring accurate and complete security instruments are recorded. The cumbersome manual practice of copying and pasting property descriptions between documents is eliminated, and convenient word wrap ensures that RESI documents convey a professional image for the lender.
Home Equity Line of Credit Disclosures and Agreements
The documents record important HELOC program features, including fixed and variable interest rates; discounted or premium initial interest rates; lifetime rate change limitations; irregular first adjustment periods, and more. CSi’s Compliance Logic System (CLS) software simplifies the lending documentation process by creating these key documents from your desktop, generating customized, fully warranted disclosures and HELOC agreements that comply with the appropriate state and federal regulations.
Construction Loan Agreements
The agreements allow lenders to easily document state-specific requirements of a consumer construction loan. The document’s built-in intelligence simplifies the selection and invocation of state requirements and describes draws and schedules to meet the requirements of the lender.
Right of Recissions
The documents are engineered so that the single Right of Recission document supports open or closed home equity lines of credit; refinances with no new money; and refinances with new money.
Contact CSi today at info@compliancesystems.com to learn how CSi IntelleDoc Solutions for Consumer Lending can help your institution meet its business challenges.
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