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Advectis Adds Three New Clients to Roster.


Lenders join BlitzDocs network to improve efficiencies and reduce cost of loan delivery

ATLANTA -- Advectis[R] Inc., the provider of the most widely-used solution for electronic mortgage document collaboration See data conferencing. , announced that three companies have selected BlitzDocs[R] Collaboration Suite for electronic document submission, image-based underwriting and electronic loan delivery. Wisconsin-based GN Mortgage, Massachusetts-based East West Mortgage and California-based Wholesale Lending Online (WLO WLO WildList Organization
WLO Women Leaders Online
WLO Wholesale Lending Online
WLO Washington Liaison Office
WLO Waterloo Railway
WLO Waiting List Only (cruise line pricing list)
WLO Weapon Liaison Officer
) are the latest lenders to join the growing network of BlitzDocs participants.

"BlitzDocs offers companies the opportunity to streamline the delivery of loan documents in a very efficient and cost-effective manner," 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. "Companies today understand that in order to continue their success, they need to adopt the best solution to meet their needs. And Advectis consistently provides leading-edge technology to help companies improve workflow and their bottom-line."

GN Mortgage, a subsidiary of Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant.  Bank, originates loans in 44 states and offers state-of-the-art technology to mortgage broker customers located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company selected BlitzDocs Originate to help facilitate faster and more efficient electronic loan document submission for its GN Wholesale online broker portal.

East West Mortgage, the leading mortgage lender in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , has funded more than $1 billion in mortgages in the past three years. The company plans to go paperless throughout their organization, including electronic loan delivery to investors.

WLO, a nationwide leader in Alt-A and Non-Prime lending, selected BlitzDocs to enhance efficiencies by using cutting edge technology to help brokers close more loans in less time.

About Advectis, Inc.

Advectis, Inc. provides the mortgage industry's most widely-used solution for electronic document collaboration. The Web-based BlitzDocs Collaboration Suite provides access to the BlitzDocs collaborative electronic document network where participants capture, submit, underwrite, audit, share, deliver and archive loan documents. BlitzDocs customers benefit from a network with more than 20,000 broker shops, the top seven mortgage insurance companies and three of the top due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  providers. Collectively, BlitzDocs investor participants represent more than 50 percent of loans purchased in the secondary market. For more information call (877) 200-8700 or visit www.advectis.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 17, 2006
Words:346
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