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Advectis Launches Webinar Series for Mortgage Industry; Initial Webinar, `Paperless Origination and Underwriting: What Really Matters,' to Cover Critical Needs and Trends for Paperless Origination.


ATLANTA -- Advectis(R), Inc., provider of the most widely used solution for electronic mortgage document collaboration See data conferencing. , has launched a new webinar series for the mortgage industry titled, "What Really Matters." The first of three webinars in the series, "Paperless Origination Origination

The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.

Notes:
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real
 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.
: What Really Matters," will take place on Aug. 9 at 1:00 p.m. EDT EDT
abbr.
Eastern Daylight Time


EDT Eastern Daylight Time

EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York

EDT 
.

As part of the 2006 series, Advectis will present three live, 60-minute webinars with industry experts. The series will cover topics such as paperless origination and underwriting, the emergence of collaborative document networks, trends in paperless technology, how to reduce costs, streamline processes, process loans faster and more.

"Paperless technology is playing a significant role in helping companies overcome many challenges, including competition and growing costs," 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. "The Advectis webinar series will provide relevant information to industry professionals who want to be more competitive, dramatically reduce costs and improve their efficiency with mortgage loan processing."

The series will keep companies abreast of the critical needs, requirements and trends of paperless processing within the mortgage industry. The three-part series will address how to:

--Be more competitive in securing loans;

--Improve loan processing and turnaround times (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. ;

--Reduce costs of loan processing;

--Reduce labor costs;

--Process more loans per day; and

--Understand the paperless technology shaping the mortgage industry.

Paper is the single greatest obstacle to reducing costs, improving service and increasing a company's ability to process more loans. During the first webinar, Judson Phillips, director of product marketing for Advectis, will discuss paperless origination and underwriting. Phillips will share real-world examples of how companies today are significantly reducing costs, streamlining their processes and technology to be more efficient and competitive.

To register for the webinar, visit http://www.advectis.com/registerwebinar.html.

About Advectis, Inc.

Advectis, Inc. provides the mortgage industry's most widely used solution for electronic document collaboration, BlitzDocs Collaboration Suite. The Web-based suite provides access to the BlitzDocs collaborative electronic document network where participants in the mortgage loan industry 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 the BlitzDocs network is the collaborative 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.  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 a solution 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 19, 2006
Words:426
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