Printer Friendly
The Free Library
19,585,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Advectis Adds BlitzDocs Connector to BlitzDocs Solution Suite; BlitzDocs Connector Enables Transfer of Electronic Loan Folders to Investors and Third Parties.


ORLANDO, Fla. -- Advectis, Inc., provider of the most widely used solution for electronic mortgage document collaboration See data conferencing. , announced the addition of BlitzDocs Connector(TM) to its BlitzDocs suite of solutions. Using connectors, BlitzDocs customers can deliver loan documents to third party systems, such as an investor's proprietary document management or image archiving system.

BlitzDocs Connector can collect individual or multiple loan packages and their associated documents and provide automatic mapping of document types and names between parties. BlitzDocs Connector is an extension of the BlitzDocs platform which enables participants in the mortgage loan industry to capture, submit, organize, underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue.

The word underwrite has two meanings.
, audit, share and archive loan documents electronically using BlitzDocs' collaborative electronic loan folder In a graphical user interface (GUI), a simulated file folder that holds data, applications and other folders. Folders were introduced on the Xerox Star, then popularized on the Macintosh and later adapted to Windows and Unix. In Unix and Linux, as well as DOS and Windows 3. (TM), e-Folder.

"BlitzDocs Connector are a vital part of our collaborative platform because they allow our customers to electronically transfer loan folders and documents, including investor-required indexing data, to investors and other third parties," said Greg Smith Greg Smith may refer to:
  • Gregory Smith (born 1983), actor
  • Gregory R. Smith (born 1989), child prodigy and rights advocate
  • Greg Lloyd Smith (born 1962), internet entrepreneur
, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Advectis. "We built our connector technology after conducting extensive interviews with some of the largest lenders, brokers and investors in the industry. The features and functions included in our connectors reflect the demanding requirements of the industry."

"Completing a loan package is a highly collaborative process," said Rebecca Wegman, executive vice president of operations at Golden Empire Mortgage. "With BlitzDocs Connector, our team leverages technology to eliminate paper and cost when delivering necessary documents to other lenders or investors, such as Countrywide coun·try·wide  
adv. & adj.
Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search.

Adj. 1.
 Home Loans, regardless of what technology platform that investor or lender is using. BlitzDocs technology from Advectis integrates with our existing systems and those of the organizations with which we work most closely."

With a few simple keystrokes, BlitzDocs Connector can significantly minimize transfer and shipping costs of loan folders and documents from a lender to an investor or mortgage insurance companies. The BlitzDocs platform was developed to allow simultaneous collaboration Working together on a project. See collaborative software.  among all professionals in the mortgage industry. Brokers, lenders, investors and other authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 parties can access and view mortgage documents over the Web in real time, thereby increasing turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time.  and productivity.

About Advectis, Inc.

Advectis, Inc. provides the mortgage industry's first and most widely-used solution for electronic document collaboration, BlitzDocs Enterprise. The Web-based BlitzDocs platform provides a Collaborative Electronic Document Platform(TM) for all participants in the mortgage loan industry to capture, submit, organize, underwrite, audit, share and archive loan documents electronically. At the heart of BlitzDocs Enterprise is the Collaborative Electronic Loan Folder(TM) ("e-folder") which mirrors the paper loan folder that mortgage companies use today, but streamlines loan processing through capturing, collaborating, sharing and archiving of the e-folder. With BlitzDocs Enterprise, Advectis not only provides a solution for paperless processing now, but also offers a path to "SMART Docs" and the e-mortgage.

For more information about Advectis and the BlitzDocs(TM) solution, call 678.460.2460 or visit the Web site at www.advectis.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 29, 2005
Words:473
Previous Article:Used Cell Phones, Printer Cartridges Raise Funds for Easter Seals New York Services.
Next Article:DRAXIS Health to Present at The CIBC World Markets Specialty Pharmaceuticals Conference.



Related Articles
Netcool solutions. (Network Products).
Tungsten T5 handheld and Treo 650 smartphone: new features help administrators, educators and students connect to information and people.
Advectis Introduces BlitzDocs(R) Collaboration Suite; Suite Provides a Collaborative Network for Sharing Mortgage Loan Documents from Origination to...
Advectis Announces Electronic Document Delivery Using MISMO Standards; BlitzDocs Connector Built to MISMO Specifications Now Facilitates Transfer of...
Flagstar Bank and Advectis Develop Connector to Electronically Deliver Loan Packages; Solution Facilitates Seamless Transfer of Electronic Loan...
Advectis Announces New Capabilities for BlitzDocs Collaboration Suite; Workflow, Electronic Loan Delivery and Reporting Enhance Use of Collaborative...
Advectis Enhances Image-based Investor Delivery Capabilities; New Functionality Expands Lenders' Options for Secondary Market Loan Delivery.
Group 1 Software President Christopher Baker teaches us a new acronym: CCM.
Advectis Builds BlitzDocs(R) Connector for Citigroup.
Advectis Announces Availability of BlitzDocs(R) Connector for Wells Fargo.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles