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Advectis Secures Patent for Mortgage Document Sharing and Collaboration Methods.


Intellectual Property Key Component in Building #1 Network for Mortgage Document Collaboration See data conferencing.  

ATLANTA -- Advectis[R], Inc., provider of the most widely-used solution for electronic mortgage document collaboration, announced it was issued US Patent No. 7,146,367 for a Document Management System and Method on Dec. 5, 2006. The patent broadly protects Advectis' BlitzDocs[R] technology, with respect to the collecting, organizing, retrieving, viewing and storing of imaged mortgage loan documents within a shared 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.  that can be accessed by multiple parties, including brokers, lenders, MI companies, investors and other service providers.

"Advectis has been on the forefront of bringing electronic collaboration Working together on a project. See collaborative software.  solutions to the mortgage industry," 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. "With the awarding of this patent, Advectis has assured our customers and their business partners that the enabling technology for the BlitzDocs collaborative electronic document network is protected."

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 20,000 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 networked investor participants represent more than 60 percent of loans purchased in the secondary market. For more information call (877) 200-8700 or visit www.advectis.com.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 8, 2007
Words:244
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