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Advectis Network Grows with Four Additional Customers.


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. Cunningham & Company, Gateway Financial Mortgage, Inc., LownHome Financial and Power Express 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.
 have chosen BlitzDocs to streamline processes and embark on the journey to paperless mortgages.

"Advectis welcomes these four companies to our every-growing network and look forward to having them experience the many benefits of electronic collaboration," 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. "As companies implement BlitzDocs, they experience process efficiencies that help make our solution the number one network for mortgage document collaboration."

Cunningham & Company, headquartered in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
, is an independent mortgage banking firm specializing in residential mortgages. Cunningham & Company has selected BlitzDocs for its ability to quickly rollout and implement investor delivery capabilities to its six largest investors.

Gateway Financial, part of the Gateway Bank & Trust Company, is based in North Carolina. Wanting to streamline processes and underwrite with images from regional banks, Gateway Financial chose BlitzDocs. Gateway plans to use Harland Financial Solutions Interlinq[R] E3[R] enterprise mortgage lending solution integration to BlitzDocs Collaboration Suite to streamline processes between data and document systems.

LownHome, based in California, is a wholesale mortgage lender. In its desire to have an efficient system, LownHome selected BlitzDocs to enable a totally paperless environment across its multiple regional operation centers from broker submission through investor delivery.

Power Express, one of the largest privately owned mortgage lenders, is headquartered in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
. Power Express chose BlitzDocs for its investor delivery and long-term image-based archiving capabilities.

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, audit, share, deliver and archive loan documents. BlitzDocs customers benefit from a network with more than 35,000 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 70 percent of loans purchased in the secondary market. For more information call (877) 200-8700 or visit www.advectis.com.
COPYRIGHT 2007 Business Wire
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Publication:Business Wire
Date:Jul 25, 2007
Words:369
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