Advectis Announces New Capabilities for BlitzDocs Collaboration Suite; Workflow, Electronic Loan Delivery and Reporting Enhance Use of Collaborative Network.ORLANDO, Fla. -- Advectis(R), Inc., provider of the most widely-used solution for electronic mortgage document collaboration See data conferencing. , today announced at the 92nd Annual Mortgage Bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. Association (MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration ) Convention & Expo new enhanced capabilities for the BlitzDocs(R) Collaboration Suite. The enhanced functionality includes new features that streamline process automation, improve electronic loan delivery to third parties and provide greater reporting. These new features continue to build Advectis' vision to streamline loan processing from capture and submission through the sharing and delivery of electronic loan documents. The enhanced capabilities and features of the suite expand on the on-demand solution for mortgage participants that currently include a collaborative electronic loan folder, electronic loan 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. , post-closing archive and participation in a collaborative document network that streamlines loan transfer. New capabilities include: --Streamlined workflow through enhanced action set capabilities - Action sets allow users to execute powerful business scenarios, such as streamlining underwriting and loan delivery processes. BlitzDocs Collaboration Suite users can direct loans to internal or off-site underwriting, while balancing the load. Workflow notifications are generated based on actions and status, with temporary access granted Access Granted is a television program on the Black Entertainment Television network (BET) which allows viewers to go behind the scenes of the making of music videos by various artists. Each episode features a different artist. to third parties. With the new capabilities, customers are: --Streamlining the underwriting process with automated status updates and multi-participant workflow notifications --Providing one-click electronic loan shipment with all major mortgage insurance providers to facilitate off-site contract underwriting --Electronic loan folder export to back-office image archive systems --Electronic loan delivery through additional BlitzDocs connectors - BlitzDocs Collaboration Suite customers have used connector functionality to deliver loan documents from the BlitzDocs collaborative network to investors and correspondent buyers. In addition to existing connectors for Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. and Genworth, Advectis has recently introduced connectors for PMI See Private Mortgage Insurance. , United 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. , and others. BlitzDocs connectors have streamlined delivery to image archive systems such as, FileNet, Global360, OnBase and Mobius. Electronic delivery including the transformation for document mapping and stacking order (graphics) stacking order - The relationship between windows that (partially) obscure each other. A window manager will include commands to alter the stacking order by bringing a chosen window to the front (top) or back (bottom) of the stack. , dramatically reduces the costs associated with loan delivery to the secondary market. BlitzDocs Connector uses either a customer-defined format or industry standard formats like MISMO MISMO Mortgage Industry Standards Maintenance Organization MISMO Maintenance Interservice Support Management Office . --Intelligent reporting - Enhanced reporting functionality allows BlitzDocs customers to create user-defined reports to facilitate pipeline and productivity reporting. The reports will be included in the BlitzDocs interface for easy user interaction. Advectis will also introduce the definition and creation of a BlitzDocs XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. data extract, allowing customers to utilize stored information and metrics for integration with their corporate business intelligence (BI) or reporting tools. This integration will allow for customers to leverage corporate BI initiatives by allowing easy integration from BlitzDocs using industry standard technologies. The XML extract will be generally available by the end of 2005. "The adoption of the BlitzDocs Collaboration Suite by brokers, lenders and other mortgage industry participants continues to expand at a rapid pace," said Judson Phillips director of product marketing at Advectis. "The new enhancements in our suite represent our commitment to provide the mortgage industry with the most powerful collaborative document solution for mortgage participants to perform paperless loan processing." About Advectis, Inc. Advectis, Inc. provides the mortgage industry's first and most widely-used solution for electronic document collaboration, BlitzDocs Collaboration Suite. The Web-based suite provides a collaborative electronic document network for all 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 deliver loan documents electronically. At the heart of BlitzDocs is the Collaborative Electronic Loan Folder(TM) ("e-folder") which mirrors the paper loan folder that mortgage companies use today, but streamlines loan processing from capture and submission through sharing and delivering of the e-folder. With BlitzDocs, Advectis not only provides capabilities for paperless processing now, but also offers a path to "SMART Docs" and the e-mortgage. For more information about Advectis and BlitzDocs, call 678.460.2460 or visit the Web site at www.advectis.com. |
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