GoDocs now supports a new collateral structure allowing beneficiaries of a trust borrower to pledge their beneficial interests—an enhancement driven by customer demand and legal accuracy. Previously, our system only permitted trustees to be named as pledgors, which does not reflect the correct legal framework. With this update, users can now designate one or more trust beneficiaries as pledgors, and GoDocs will generate a corresponding Pledge and Assignment Agreement to document the transaction. This feature is available across all CRE loan types and ensures compliance while expanding flexibility for lenders working with trust entities.
✅ Step 1: Identify the Borrower as a Trust
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Navigate to the Borrower Tab
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Select Trust as the borrower type.
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Choose either Revocable or Irrevocable depending on the trust structure.
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✅ Step 2: Trigger the Beneficiary Pledgor Logic
- Once the borrower is identified as a trust, the system will populate the new UI.
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To enable the Beneficiary Pledgor workflow, the user will select yes to the following question.
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✅ Step 3: Add Beneficiary Information
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The user will then click Add Beneficiary.
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Enter the full legal name of the beneficiary
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Repeat for each beneficiary involved in the pledge.
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