Credit Union: Automation-Driven Cost Savings
Automating loan document preparation enables credit unions to reduce costs tied to legal services, administrative tasks, and compliance management. By replacing attorney-driven processes with automated document generation, credit unions can cut per-loan costs, save staff time, and process loans faster—all while ensuring regulatory compliance is achieved.
A 2024 study by Freddie Mac indicates that origination costs have risen 35% over the past three years leading up to the study and now top $11,600 per loan for retail lenders.
Key Cost Savings Metrics*
- Attorney Cost Reduction: $1,000 to $1,500 per loan saved by eliminating legal preparation fees.
- Resource Efficiency Gains: Reduce man-hours by up to 96% per loan, saving approximately 8.67 hours per loan through streamlined administrative tasks, compliance reviews, and document preparation.
- Time-to-Close Reduction: Reduce document preparation from three days to just 20 minutes.
- Member Savings: Lower closing costs, faster loan approvals, and provide a more seamless lending experience.
* Based on standard loans that may include levels of complexity, such as multi-state loans, multiple properties, up to four guarantors, and various lien priorities.
Why Doss Docs
for Credit Unions
Pay-Per-Use
No subscriptions, setup fees, or minimums.
All-In-One Loan Packages
Includes disclosures, state compliance, and customization options.
Instant Access
Generate compliant loan documents instantly with no contract, no onboarding delays.
Seamless Automation
Automatically create, customize, and deliver fully compliant loan documents in minutes.
Scalable for Growth
Handle 100+ loans per month per resource without adding staff.
Hassle-Free Integration
Easily integrates with industry-leading LOS platforms.
Get started.
We care about your lending success.
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