MDC Software Solutions, LLC - EmpowerCLS for Law Firms

MDC Software Solutions' EmpowerCLS provides flexible commercial loan documentation and work flow solutions for financial institutions and law firms.

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MDC Software Solutions, LLC provides flexible commercial loan documentation and work flow solutions for financial institutions and law firms.
Highlights
See what EmpowerCLS can do for your law firm.

Role Benefits
See how EmpowerCLS can make your job easier and more productive.

EmplowerCLS for Law Firms

  • >Do you prepare commercial loan documents for your lender clients the old-fashioned way – by "cut and paste"?
  • If you currently use document assembly software – or your word processor's merge code capability – are you frustrated that you need to become something of a programmer before you can generate documents?
  • Do your lender clients pressure you to lower your loan documentation fees or bill on a flat-fee basis?

The seasoned team of legal, banking, and programming professionals at MDC Software Solutions, LLC was prompted by these questions – and more questions like them – to create a new commercial lending solution that enables legal counsel and their commercial lender clients to obtain a competitive advantage.

Get Competitive using EmpowerCLS for Law Firms

How can EmpowerCLS give you a leg up on the competition?

Attorneys

Improve profitability by:

Satisfying your commercial lender clients
  • Provide quick turn-around on time-sensitive engagements
  • Build customer loyalty and repeat business

Improving support staff productivity
  • Built-in work flow allows you to easily manage the document preparation process
  • Document preparation and approval can be completely paperless
  • Validation routine helps eliminate mistakes
  • Smart Select Technology™ generates correct document set

Reducing costs
  • Document printing costs – such as paper, toner, printer maintenance, and document destruction – can be drastically reduced since you need not print documents until closing
  • Our dynamically-generated documents mean you do not have to program your forms in order to generate compliant loan documents
  • Productivity gains reduce the need for additional support staff

Making better informed decisions
  • Know which loans are in the document preparation pipeline, who is working on them, and what status they are in
  • Evaluate process and staff efficiency using built-in report functionality
Simplicity

Do your data entry personnel find themselves frustrated by the process of conforming your standard templates to the specifics of a documentation process? Are you concerned with the cost to your client of having to enter party, collateral, and financial terms data in multiple places in several documents?

  • Data need only be entered once
  • Our document assembly "engine" assures data is integrated dynamically into all documents where it is used.
Security

Do you want to ensure that confidential customer data is restricted to persons who have valid passwords and that administrative, data input, and review functions can be assigned to your staff on a task basis? EmpowerCLS allows you to enjoy the security of knowing that your loan data cannot be accessed by anyone without proper credentials.

  • Access to EmpowerCLS functionality is task-based and requires the proper user security rights for the respective task
  • Data is stored in a user-name/password protected database, with sensitive information stored in an encrypted format
Clarity

Let's be honest. While essential to any loan process, no one really enjoys reviewing loan documents. EmpowerCLS makes this tedious process more bearable by providing clarity to the review process

  • Loan data fields are highlighted in the document viewer to allow efficient verification that loan terms were properly input by the user
  • Loan documents are printed on letter-size paper with ample white space, 9-point font size, and numbered section headings to aid review
  • Shorter sentences, bullets points and numbering in body text, and minimal use of "legalese" to aid comprehension
Accountability

Would you like to check on the status of a pending loan with a few mouse-clicks, rather than make several phone calls or trips down the hall? Do you find it difficult to evaluate the productivity of your staff? EmpowerCLS makes it easier for you to hold your staff accountable by providing them access to loan process information online and in printed reports.

  • Online work-flow tools allow you to track the status of each loan
  • MDC-provided reports allow those with proper access to view the following information online or in hard copy or to export to a spreadsheet for consolidation with similar data from another source:
  • the number of loans processed using EmpowerCLS by type
  • the number of loans assigned to each of your client's loan officers
  • statistics on user productivity
  • loan documents which have been changed using EmpowerCLS's edit functionality
  • loan, administrative, and other activities conducted within EmpowerCLS
Economy

Do you look for ways to reduce your costs so that you can make a profit while giving your clients the comfort of a fixed fee? Have you considered the difficult-to-document – but no less real – cost of inefficiencies in your current work-flow system? EmpowerCLS's features will help you increase your profitability by reducing your costs.

  • Use of our online loan review process could result in noticeable savings on paper, toner, and document storage and destruction costs.
  • The EmpowerCLS interface and templates – while easy to use and understand – are designed to produce law firm-quality documents.
  • Your ability to provide the quality service you want – and your clients expect - more quickly will help you retain your hard-won client base.
  • Our process improvements will enable you to process more loans in the same time frame with current staffing levels.
  • No more waiting on hold to talk to a customer service representative after wading through an automated phone routing routine – customer service will be provided using a web based state-of-the-art customer service portal.
  • Supports loan operations departments of all sizes and structures
    • Centralized loan ops departments
    • Loan operations done in each branch
    • Multiple processing centers
  • One-off document changes can be made easily.
  • Loan document templates can be customized using EmpowerDTS and imported for use.
  • Loan validation helps eliminate mistakes.
  • Improve processes.
  • Documents only need to be printed upon closing.
  • Documents can be reviewed or changed within the application.
  • Notes can be made electronically
  • Document preparation can be tracked and managed easily and efficiently
  • Dynamic document generation on every commercial loan provides professional quality, compliant documents that are easy to read and easy to understand.
  • Smart Select Technology™ automatically determines what legal documents need to be generated based upon loan data.
  • Help determine priorities.
  • Help evaluates products, processes and personnel.