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:
"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. |
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