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Advectis Expands Network with Four New Customers.


Electronic collaboration streamlines processes and supports top-quality service

ATLANTA -- Advectis([R]), Inc., provider of the most widely-used solution for electronic mortgage document collaboration See data conferencing. , announced that four 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 four companies are Capstone Direct, Inc., Sterling National Mortgage Company, Inc., United Mortgage Corporation and Washington Financial.

"Having these companies select BlitzDocs is a true testament to the benefits that an ever-growing collaborative document network can provide a company," 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. "We are excited to know that these four new customers will use BlitzDocs to streamline processes and provide better service to their customers."

Capstone Direct, a full-service direct mortgage lender headquartered in California, focuses on providing the best rates and customer service. Capstone Direct selected BlitzDocs to support its customer service initiatives and plans to integrate the solution with its loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 system.

Sterling National, a New York-based full-service banking institution, is using BlitzDocs' investor delivery capabilities to streamline processes, speed up funding and reduce funding stipulations. With the post-closing operation paperless, Sterling will also use the recently announced Harland integration with BlitzDocs to enable a seamless connection with its loan origination system.

United Mortgage is a licensed mortgage lender headquartered in Florida. Wanting to have a paperless process, United Mortgage chose BlitzDocs to enable centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 paperless processing and underwriting, as well as provide strong investor delivery capabilities.

Washington Financial, headquartered in Seattle, is a retail operation that needed a multi-use solution that provided anytime, simultaneous access to an 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. . Washington Financial chose BlitzDocs to enable paperless processing and underwriting for its net branch participants. Washington Financial will also use BlitzDocs for electronic loan delivery to the secondary market.

"These clients represent various aspects of the mortgage industry, and their selection of BlitzDocs shows the application's ability to improve a company's business strategy by creating an environment of efficiency," Smith said.

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 30,000 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 65 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:May 22, 2007
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