[.green-span] Introducing Contract Builder: A Fast Path to Closing [.green-span]
At Lendflow, we’re always striving to simplify and accelerate the lending experience for both lenders and merchants. That’s why we’re thrilled to introduce our newest product enhancement: the Contract Builder.
With this new feature, lenders now have the power to configure and manage their closing contracts directly within the Lendflow ecosystem. No more chasing down signed documents through endless email threads. The Contract Builder is designed to streamline your online checkout process, reduce friction, and cut down the time it takes to close deals.
What is the Contract Builder?
The Contract Builder allows lenders to upload, configure, and manage both initial and final closing contracts. You can tailor contract language and fields to meet the needs of your lending products, and store these variations by product type.
How It Works in Workflow Builder
Once you’ve uploaded and saved a contract using the Contract Builder, you can assign it directly to a Workflow Builder (WFB) template. From the Borrower Platform customization section, you’ll select the appropriate closing contract for each product type. When a merchant reaches the Closing stage in the Borrower Platform, the assigned contract will appear automatically - ready for e-signature.
This brings a seamless, professional, and compliant signing experience to your merchants, while dramatically improving operational efficiency on your end.
What Merchants Will See
We've also updated the Borrower Platform UI to support the new feature with three distinct scenarios:
- No Contract Assigned: If no contract is selected in the WFB customisation section, the Borrower Platform will display the standard closing screen you're already familiar with.
- Single Contract Assigned: If a lender has assigned a closing contract for a specific product (e.g. a term loan), the platform will display the contract directly to the merchant for signature during the Closing stage.
- Multiple Contracts to Sign: In cases where a merchant accepts offers from multiple funders, the Borrower Platform will now support displaying multiple contracts for signing, ensuring clarity and compliance across all accepted deals.
The Result? Faster Closings, Happier Customers
This new feature is a game changer for lenders who want to accelerate their deal cycles without sacrificing accuracy or control. By embedding the contract signing experience directly into the Borrower Platform, we’re eliminating unnecessary manual steps and giving you a faster path to funding.
We’re excited to see how Contract Builder will improve your workflows and merchant experience. As always, your feedback will help shape future iterations.
Ready to start building your contracts? Reach out to your Lendflow Customer Success manager to learn more about how to use the Contract Builder today.
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