Case Study Upright Leverages Smart Technology to Take the Hassle out of Real Estate Funding

Upright is a team of entrepreneurial, tech-loving, creative, and solution-focused innovators. We launched in 2014 out of frustration with the status quo of slow, unreliable capital and gate-keeping into investment deals.

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First Phase Key Improvements

%

Reduction in Copy-Paste Errors

%

Time Saved in Preparing Documents

Documents Generated in Legito

Automated Documents Created Across 7 Templates

Separate Documents Automated and Merged into 1

Background

Upright is the first and only real estate investment Platform to provide market-leading loans underwritten and originated in-house, easy and comprehensive REI management software, and your next passive investment opportunity.
Launched in 2014 with over $2 billion in funded deals across 35 states.
Hybrid workplace with offices in New York, NY, and Cleveland, OH.

Legito enables our teams to prepare documents within a short turn-around time and allows for optimized scalability as our business continues to grow.

Sarah Hatley

Paralegal Team Lead, Upright

Challenges

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Prior to Legito, preparing legal documents required a great deal of time and effort.
There were many repetitive tasks, and information needed to be manually entered and verified.
Bottlenecking developed as volume grew but our drafting process remained the same.
We needed a way to streamline our process.

Key Factors for Selecting Legito

Legito can prepare multiple document packages at once by importing a .csv or .xls file.
We export this data from our Platform directly, automating the majority of our document drafting process.
Legito’s interface is very intuitive and user-friendly.
It is possible for someone without a background in coding to create and maintain documents.
When we have questions or need support, Legito’s Professional Services team is readily available.

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Implementation and User Onboarding

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We had direct support from Legito’s Professional Services team in building our loan documents.
They created a data entry form, imported our existing loan documents into Legito, added conditions linked to our form, and formatting.
Over 100 pages of interrelated documents were automated.
By utilizing Legito’s online courses, members of Upright began creating additional documents in Legito, such as our extension agreement and mortgages.
Our entire Legal team, along with members of our Servicing, Asset Management, and Capital Markets teams, are trained in using Legito.

Results

We can now prepare legal documents for multiple closings at once by importing data from our Platform, creating a massive efficiency gain.
Since implementing our loan document package into Legito, we’ve also internally created 5 other templates across departments containing 25 automated documents total and growing.