In this edition I discuss why in-house teams are in a great position to take advantage of new technology in the real estate lending space and include number of related article links.
Hopefully you find it useful and fun. Please feel free to share with anyone that may be interested and have a great weekend!
Matt Basile
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Law firms are currently struggling with how to make the business model work where AI is reducing the time it takes to perform many of the legal tasks involved with closing loans. In-house teams do not have this problem as they are frequently put in the difficult position of being asked to close more deals with the same or less resources. 💲💲
As a result, they are leading candidates to be the beneficiaries of all the recent advances in AI and technology in general.
Below are a few areas of the loan origination life cycle that in-house teams can focus on:
🏆Leveraging document automation to generate loan applications and term sheets.
📜 Loading precedent documents into a database that can be quickly searched when negotiating loan applications and loan documents.
✔ Applying AI to audit deal terms both prior to and after closing to ensure no errors when speed is increased and less oversight is possible.
⏳ Create AI powered mini-apps to perform each task in the loan process and improve speed and consistency of review of the closing items.
Now is the time to jump in and start experimenting with reinventing the loan origination process.
Since GenAI came into the mainstream over two years ago folks have been debating whether it will replace traditional document automation. Totally agree with this well written piece that AI agents calling document automation engines are the future of document production. Imagine you read a term sheet in and then the AI agent automatically calls the document automation engine to create the documents. We are working on this now and it isn't far off. Exciting times.
Nice summary of Agentic AI from the folks at Intelagree (another Tampa based company). I will write more on this topic in the coming weeks. Agentic AI is a buzz word right now, but I do see a pretty clear path to AI agents performing many tasks almost automatically during the course or a real estate mortgage transaction.
Interesting take from Ethan Batraski that targets professional services as vulnerable to takeover by AI native companies. I think this is going to take a while to play out, but as AI starts to be applied to specific tasks it certainly is possible for new companies to sprout up that will be able to adapt faster than law firms that have been around for hundreds of years. In particular within the legal vertical they note that real estate and corporate law is particularly vulnerable due to the large amount of structured data and clear rule application.
This is a really interesting article in HBR by Marc Zao-Sanders that dives into the top use cases for using GenAI! Some really interesting shifts toward self-help and personal advice and tasks like summarization, drafting emails and text and assisting with professional tasks still top the list.
A Bloomberg study found that lawyer burnout rates are over 52% and74% of attorneys report experiencing burnout at on time or another. 😰😮
In-house teams are being asked to support expanding business goals without increased headcount. 🧑❗
Outside counsel is expected to keep up with workload no matter the pace because they are being paid big money. 💲💲
The good news is we are in a golden era for lawyers. 🌎
Lawyers that embrace technology and advances in AI can eliminate much of the mundane work that causes burnout. 🤗Even better they can get excited about changing the way that they work and blazing forward with new business models. 🚀🚀
Here are tips to avoid burnout with rapidly improving technology. 🤘🤘
1️⃣ Easy Stuff First - Start using AI apps to help you with the easy tasks in your daily legal work. Some of it might not even be legal in nature but it takes time and can be frustrating. Unlock extra time in your day and get home to your family and friends earlier.
2️⃣ Collaborate - Talk to other lawyers on your team about what is working for them and try it or if you see something that works well let others know so they can try it. This is an exciting time to be working with AI and redefining work - enjoy it!
3️⃣ Boring is Good - Legal work is not all glamorous. There is a lot of boring work that AI is really good at like summaries, checking for errors and getting a start to a document or a clause. Dig in to automating this stuff and say goodbye to that way of working for good!
4️⃣ Billable Hours - Forget about the impact of automating tasks on your billable hours. This is a game of learning how to do your job in a different way and the long term winners won’t have to worry about billable hours. Figure out the best way to work and you will get out of billable trap that rewards long hours.
5️⃣ Get Excited - Once you learn how to automate some tasks or have success using AI then start to spread the word. It will be fun to be on the leading edge of redefining to lawyer of the future and you can take pride in a new valuable skill set!
Reach out to schedule a demo to brainstorm how we can help transform your loan management process and close more loans faster.
© 2025 Naya, Inc. All rights reserved. All opinions expressed in the articles are of the author. Case studies are advertisements and not guarantees of results.
