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Advectis Adds Three New Customers.


Lenders Tap Into the BlitzDocs Network and Streamline Processes

ATLANTA -- Advectis([R]), Inc., 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 Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 and electronic loan delivery. The California-based companies are HighTechLending, EmpireAmerica, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (Empire of America) and Icon Residential Capital. These new customers represent the latest lenders to join the growing network of BlitzDocs participants.

"As the BlitzDocs network continues to grow, our customers experience greater benefits of electronic collaboration," 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 using BlitzDocs solutions are experiencing how electronic documents help improve service and reduce costs."

HighTechLending, a mortgage lender dedicated to closing customer loans quickly, selected BlitzDocs to enable a partnership with customers by offering a paperless loan process. BlitzDocs' investor delivery capabilities will enable HighTechLending to send loan documents electronically, therefore minimizing the time in funding a loan.

Empire of America, a mortgage banking company, designs and implements cost-effective mortgage products. Wanting to enable a paperless process from broker origination to loan delivery and funding with investors, the company chose BlitzDocs for its document collaboration and investor delivery capabilities.

Icon Residential Capital, a national Alt-A conduit conduit /con·du·it/ (kon´doo-it) channel.

ileal conduit  the surgical anastomosis of the ureters to one end of a detached segment of ileum, the other end being used to form a stoma on the
 that purchases and sells residential mortgage loans, selected BlitzDocs to streamline its funding review for faster turn 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 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, deliver and archive loan documents. BlitzDocs customers benefit from a network with more than 25,000 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 60 percent of loans purchased in the secondary market. For more information call (877) 200-8700 or visit www.advectis.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 13, 2007
Words:316
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