Secure and predictable
Custom Loan Docs
Customized, Reviewed, Finalized
HAL Docs uses Aeon technology to augment the loan document creation process. This technology allows us to quickly and accurately generate initial draft loan documents.
Our attorneys and the HAL Docs team customize, review and finalize the loan documents prior to sending them to the bank.
The HAL Docs Advantage
Here’s a comparison between traditional law firm and HAL Docs prepared docs.
Traditional Law Firm
Traditional law firms typically take a week or more to deliver loan documents. And, generally only an estimated cost is provided. The final price can exceed the estimate, sometimes, by a large amount.
VS
HAL Docs
HAL Docs uses Aeon technology to deliver attorney customized loan documents within 3 business days of the order, with tiered pricing based on the loan amount. Expedited 1 business day service is available at an additional cost.
| Law firm prepared docs | HAL Docs Loan Docs | |
|---|---|---|
| Inclusion of bank’s standard terms | ||
| Use of bank’s custom interest rate provisions | ||
| Custom financial covenants | ||
| Custom reporting requirements | ||
| Special provisions | ||
| Attorney customization | ||
| Price | 3x – 10x or more than HAL Docs | Tiered Price based on loan amount |
| Certainty of price |
Estimate only price can exceed estimate |
Fixed price based on loan amount (limited exceptions) |
| Delivery time | Generally 1 to 2 weeks |
Standard - 3 business days Expedited - 1 business day |
| Aeon technology increases accuracy and speed |
Here’s a comparison between internally prepared LaserPro docs and HAL Docs prepared docs.
Bank (internally) Prepared LaserPro Docs
Internally prepared LaserPro docs are typically not attorney customized or reviewed. Generally the generic template is all that is available.
VS
HAL Docs
HAL Docs Loan Docs include the bank’s standard provisions with attorney review and customization, so bank can customize pricing, repayment schedules, financial covenants, and add special provisions.
| Internally prepared docs | HAL Docs Loan Docs | |
|---|---|---|
| Inclusion of bank’s standard terms | ||
| Use of bank’s custom interest rate provisions | ||
| Custom financial covenants | ||
| Custom reporting requirements | ||
| Special provisions | ||
| Attorney customization | ||
| Outside law firm with liability for documents | ||
| Specialized LaserPro loan doc attorneys and processors | ||
| Certainty of price |
No, and frequently the cost is not passed to the customer |
Tiered price based on loan amount |
| Delivery time | Varies |
Standard - 3 business days Expedited - 1 business day |
| Aeon technology to increase accuracy and speed |