Technology
KMullen Law is uniquely experienced in integrating technology into legal work flow, legal documents, the use of eSign and electronic documents, and as a separate deliverable in the form of data.
Legal information as data has value. (The "best" data comes from the source.)
Extensive use of "automated" document preparation tools
Use of AI to pull data needed to automatically generate documents. Examples :
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Preparing the home loan closing package
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Review of property inspection reports and the preparation of notice letters to MF owners.
In-house counsel "technology roadmap:" a guide for in-house counsel in implementing technology.
New contractual provisions:
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data focused: information security; business continuity; disaster recovery
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eSign
Work on eVault and eSign implementation for a commercial lending platform.
Data collection during legal work flow, with reporting tools. Examples:
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Monitoring lawyers handling 3,000+ MF foreclosures across the U.S.
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Lease reviews
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Commerical mortgage loan (legal) due diligence (supports loan boarding and expanded data collection)
Negotiate contracts between tech service providers and CRE companies, property managers, hotel management companies, banks & other companies
Proven uses of AI, eSign & eVault
in Commercial Finance
New Legal Toolbox
Commercial Loan Origination
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use of artificial intelligence ("AI") for data extraction during loan boarding
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use of AI in by regulatory and rating agencies in the review of commercial loan documents
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uses of databases in loan origination tasks
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use of eSign and eVault by a mortgage warehouse lending platform of a bank
Commercial Loan Servicing:
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use of artificial intelligence ("AI") to review apartment property inspection reports, and automation of the notice letters to owners
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use of AI to prepare (and eSign) lien releases under home builder lines of credit
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use of AI to review financial and operational reports furnished by a commercial real estate borrower