Advectis Introduces BlitzDocs(R) Collaboration Suite; Suite Provides a Collaborative Network for Sharing Mortgage Loan Documents from Origination to Funding; from Broker to Investor.

ATLANTA -- Advectis(R), Inc., provider of the most widely-used solution for electronic mortgage document collaboration, announced the introduction of the BlitzDocs Collaboration Suite. The suite brings to fruition Advectis' vision of building a truly collaborative network for mortgage participants that includes brokers, correspondents, lenders, investors and other third party entities. With the recent addition of BlitzDocs Connector and the latest application, BlitzDocs Deliver, the suite now expands on the BlitzDocs Enterprise solution.

"Mortgage lenders are demanding collaborative document solutions that allow them to instantly share information with their business partners," said Greg Smith, president and CEO of Advectis. "The savings of time and money enabled by such paperless solutions allow organizations to gain efficiencies and competitive advantage. To satisfy this demand, the BlitzDocs Collaboration Suite allows mortgage professionals to collaborate electronically with one another and to securely access mortgage loan documents without having to install special software or spend months on implementation. With four of the top 20 lenders, more than 7,000 brokers and five of the seven private mortgage insurance companies now using the network, BlitzDocs Collaboration Suite continues to gain traction in the industry."

BlitzDocs Collaboration Suite includes BlitzDocs Enterprise (consisting of BlitzDocs Originate and BlitzDocs Post-Close), BlitzDocs Deliver and BlitzDocs Connector. And with the continued growth in the industry, the suite is poised for expansion as more third-party companies require access.

"The mortgage industry is constantly changing based on regulations, needs of borrowers, demands of lenders and so many other reasons," Smith said. "The constant and reliable service that BlitzDocs Collaboration Suite provides gives mortgage professionals peace of mind when it comes to sharing loan documents with their business partners quickly and efficiently."

BlitzDocs Enterprise provides lenders with electronic document collaboration, enabling all participants in the mortgage industry to capture, submit, organize, underwrite, audit, share and archive loan documents electronically. Brokers, lenders, investors and other authorized users can access and view mortgage documents using the Internet in real-time at any time or any location; thereby, increasing productivity and reducing turn time.

BlitzDocs Deliver enables investors or correspondent buyers to provide their correspondent sellers with the ability to electronically transmit closed loan documents. The solution also provides the correspondent buyer a loan folder image archive along with an optional direct transfer to a back-office archive system. Due diligence, document/folder validation, archiving and remote access can now be performed on the Web by any authorized provider with a browser. Buyers and sellers of loans benefit by having significant reductions in transfer, shipping, storage and audit/review costs. BlitzDocs Deliver uses BlitzDocs Connector technology or electronic shipment (e-ship) capabilities for electronic transfer from either current or non-BlitzDocs users.

BlitzDocs Connector allows mortgage participants to use prepackaged or custom connectors to assemble individual or multiple loan packages with their associated documents and electronically transmit them to third party systems. The connectors provide automatic mapping of document types and indexing of data between BlitzDocs and receiving parties.

"BlitzDocs Collaboration Suite is the logical next step in the way the mortgage industry wants to do business," Smith said. "We founded the company with the goal of building the leading industry network for collaboration with the mortgage lender at the heart of the process. BlitzDocs Collaboration Suite fulfills our vision. The suite allows lenders, brokers, contract underwriters and other participants to greatly enhance the way they process loans throughout the loan lifecycle including origination, underwriting, archiving and correspondent delivery. With the addition of BlitzDocs Deliver to our suite of solutions, we have now extended the value of paperless collaboration and sharing to correspondents and investors."

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, 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.