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

Advectis Announces the Addition of QC-MAC to the BlitzDocs Certified Provider Program; Quality Control Firm Latest Provider in the Certification Program.


ATLANTA -- Advectis, a provider of the most widely-used solution for electronic mortgage document collaboration See data conferencing. , announced the addition of QC-MAC to its BlitzDocs Certified See certification.  Quality Control Program. The new partner certification program allows providers of quality control (QC) services to certify to their lender customers that they are fully trained and prepared to deliver those services via the BlitzDocs solution.

"We created the BlitzDocs Certified Provider Program as a service to lenders," 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 chief executive officer of Advectis, Inc. "Currently, we have more than 22 Lenders, including four top 20 lenders, who are deploying BlitzDocs technology in their origination and 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.
 operations. Many of these lenders are required to perform quality control on a number of their loans and they frequently outsource that to companies such as QC-MAC. It's important to those lenders that their QC providers are certified to deliver their services by accessing, viewing, and updating the BlitzDocs collaborative electronic loan folder containing images of the loan documents. We certify those providers to assure lenders that as they expand their use of the BlitzDocs offering, they have a stable of technology and service providers that know how to fully maximize the efficiencies within the BlitzDocs solution."

BlitzDocs Certified QC Providers use BlitzDocs-based technology (either Advectis BlitzDocs or GE's Doc Central) as a key component in their quality control process. The company has been delivering our services via BlitzDocs solutions for a number of lenders for over a year. "We have been delivering our services via BlitzDocs for a number of lenders for over a year. We believe that image-based QC delivery is one of the technologies that will help the mortgage industry move toward the paperless mortgage," said Ben Slayton, chief executive officer of Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif.-based QC-MAC. "Our Lender customers are really excited about our joint solution which delivers real value to them in the form of less paper, no onsite travel, and no shipping costs."

The BlitzDocs solution allows lenders to identify a pool of loans that require a QC audit and allows QC-MAC to access that file from a browser to deliver their service. The lender does not have to spend the hours or even days necessary to research the loans and fax documents to QC-MAC. Slayton explained that after lenders create the QC file they do not have to be involved in the day-to-day QC process.

"Each month a growing percent of our clients are switching to a paperless system," Slayton said. "This is an exciting time in the industry, and we are working with Advectis because the company is ahead of the curve when it comes to mastering the use of paperless technology, therefore defining and delivering paperless technology to real customers. This relationship will help our clients achieve their objective of doing business more efficiently."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Advectis, certifying providers for best practices and integration are additional steps toward bridging today's paper-intensive processes with tomorrow's e-mortgage by reducing costs, 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 increasing overall process efficiencies for both brokers and lenders. To be certified as a BlitzDocs Certified QC Provider, a company must demonstrate a proficiency in performing due diligence/QC services on image-based loan folders made available to them via access to the BlitzDocs solution by Advectis customers, complete a BlitzDocs certification training course and test, be a member of the 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
), and demonstrate a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
 in underwriting, delivery of QC services, or 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.  services.

About Advectis, Inc.

Advectis, Inc. provides the mortgage industry's first and most widely-used solution for electronic document collaboration, BlitzDocs Enterprise(TM). 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 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. 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 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, 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:Nov 17, 2004
Words:710
Previous Article:Gabelli Declares Regular Quarterly Dividend of $0.02 Per Share and a Special Dividend of $0.60 Per Share.
Next Article:Aqua America Chairman to Present At NYSSA Water Conference.



Related Articles
Quality Control Manual for Local CPA Firms.
Self regulation: an assessment by SECPS members.
St. Marys Foundry achieves ISO 9002 certification.
Quality control systems for small foundries.
CPA launches environmental certification program. (Trends & News).
Repair shop takes pollution prevention program seriously.
Global Sources launches 'Garments & Textiles' and 'Fashion Accessories' magazines.
The StoneHill Group, Inc. Joins BlitzDocs(R) Certified Provider Program.
Leo M. Hartz.
Hanover Capital Partners Joins BlitzDocs(R) Collaborative Network.

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