November 2011 – PROGRESS in Lending Association
Video Insights: Increase Origination Volume
At the ENGAGE 2011 Event presented by PROGRESS in Lending, lots of quality discussions and ideas were exchanged. For example, are you struggling to survive in a lending world with less origination volume? Help is on the way. We discussed new techniques and methods to ensure success. Our speakers for this panel included prominent lenders, vendors and consultants. Here’s what they had to say on this topic:
November 2011 – National Mortgage News
Industry Seeks Technology 'Holy Grail' (subscription required)
When it comes to technology, the mortgage origination space is holding out for what a panel at National Mortgage News' Mortgage Technology conference in Miami called "the Holy Grail." But lenders shouldn't hold their collective breaths, the presenters agreed.
November 2011 – Rick Grant Commentary
A Blazed Path to Paperless
As we near the end of another year, it’s time for journalists around the mortgage lending space to start measuring our progress toward one of the industry’s most consistent goals, and predicting how much longer it will be until the paper is finally removed from the process of getting a loan to finance a home. Will 2012 be the “Year of the eMortgage,” or will it join the ranks of all of the almost-there years since about 2000, when the first such year was predicted?

According to the seventh annual “Path to Paperless” survey conducted by Xerox Mortgage Services, Atlanta, we won’t make it next year, or even the year after that. According to the survey, 78% of respondents said they felt it would take three to seven years for the mortgage industry to process more than 50% of all loans as an eMortgage. But that leaves a lot of room for eMortgage success between now and then.

October 2011 – Mortgage Technology
Steve Fraser Visionary Award Winner: Nancy Alley
The Steve Fraser Visionary Award is a lifetime achievement award that recognizes the accomplishments of an outstanding mortgage technology innovator, visionary or evangelizer. This year’s winner is Nancy Alley.

The award’s namesake was a mortgage technologist with a great vision for the future of the industry, but whose impact was cut short. Like Steve Fraser, Nancy Alley has made tremendous contributions to promoting technology and innovation in the mortgage industry. For more than 20 years, Alley has been a staunch advocate and active participant in the paperless and e-signature advances in the industry.
October 2011 – The Niche Report
Xerox Mortgage Services’ Nancy Alley Awarded Steve Fraser Visionary Award
Xerox Mortgage Services vice president and general manager Nancy Alley is the recipient of the 2011 Steve Fraser Visionary Award from Mortgage Technology magazine. At the annual Mortgage Technology Awards, Alley was honored for her achievements as a mortgage technology innovator.
October 2011 – Mortgage Speak
a la mode Announces Xerox Mortgage Services Chose Mercury Network for Integrated Appraisal Management with UMDP Compliance
From the floor of the MBA’s Annual Convention, a la mode announced today that Xerox Mortgage Services will use Mercury Network’s DataCourier service to add a new appraisal management service to the BlitzDocs® intelligent collaborative network. Xerox Mortgage Services’ clients will now be able to receive and store appraisals in the BlitzDocs electronic loan folder™ (eFolder), submit appraisals to the GSEs in compliance with the Uniform Appraisal Dataset (UAD), and also send the appraisal and all related documents to investors.
October 2011 – PROGRESS in Lending
Market Analysis: It’s Time to ENGAGE
After much planning, ENGAGE 2011 was a big success. PROGRESS in Lending Association held ENGAGE 2011 on October 9 to provide a forum for industry participants to share ideas. And sharing ideas is exactly what happened. Opinions of all shapes and sizes flew about. It was a real lively exchange. And after all, that’s why we started ENGAGE 2011. Here are some highlights:

a la mode announced that Xerox Mortgage Services will use Mercury Network’s DataCourier service to add a new appraisal management service to the BlitzDocs® intelligent collaborative network. Xerox Mortgage Services’ clients will now be able to receive and store appraisals in the BlitzDocs electronic loan folder™ (eFolder), submit appraisals to the GSEs in compliance with the Uniform Appraisal Dataset (UAD), and also send the appraisal and all related documents to investors.
October 2011 – The Niche Report
Xerox Mortgage Services Works with Customers to Reap Benefits of Paperless Mortgage
When it comes to keeping costs down and customers happy, many mortgage lenders are using new technology to make it happen, according to the seventh annual Path to Paperless Survey sponsored by Xerox Corporation. Seventy percent of mortgage professionals are now electronically delivering disclosures and other documents – showing a growing commitment among lenders to make the process easier and less-time consuming for consumers.

For lenders embracing paperless mortgage solutions, allowing borrowers to participate in the loan process online is paying off. Full-service mortgage banker radius financial group inc. is saving thousands of dollars per month using Xerox Mortgage Services’ BlitzDocs® and BlitzDocs eXtended Edition (XE).
October 2011 – HousingWire
New Mortgage Technology Arrives at MBA
The Mortgage Bankers Association annual conference is a traditional launching pad for new software and gadgets for the industry. According to Xerox, most lenders are accelerating the shift to a fully electronic mortgage operation. Here is a quick look at the new tech unveiled this week in Chicago:

September 2011 – Inside Mortgage Trends
Xerox Survey: eMortgage Acceptance Growing (subscription required)
The concept of the paperless mortgage is on the fast track to becoming the norm rather than the exception as technology advances improve productivity and influence thinking throughout the lending chain, according to a survey by Xerox Mortgage Services. Xerox’s seventh annual Path to Paperless survey found that most mortgage professionals now think online collaboration across multiple platforms is a key component to paperless mortgage adoption. Ninety-six percent of survey respondents indicated that working together through an electronic folder is crucial to achieving a true paperless office.
September 2011 – Financial Tech Spotlight
Xerox Carries out Survey on Paperless Mortgage Adoption
Xerox Mortgage Services recently carried out a survey regarding adoption of paperless mortgage. A process needs to be in place if paperless mortgages are to be adopted by all. The underwriters to the attorney need to collaborate online with each if paperless mortgages are to become the norm.
September 2011 – The MReport
Study: More Mortgage Professionals Choose Paperless Lending
More loan officers, underwriters, and attorneys are filing their loan documents and closing deals in a paperless environment, according to a recent survey. Xerox released a survey Wednesday that found some 61 percent of mortgage industry professionals are ditching their loan folders, logging in to online systems, and doing more business without paper.

The seventh annual Path to Paperless survey revealed some 96 percent of respondents agreeing with the notion that collaboration in the workplace depends in no small measure on a paperless environment.
September 2011 – Chicago Agent
Lenders E-xpectant for E-Mortgages
A new survey by Xerox on real estate and technology yielded interesting data about the industry, particularly for the e-mortgage market.

Sixty-three percent of the lenders surveyed by Xerox used paperless mortgage software in 2011, an increase of 14 percent from 2010. In addition, 37 percent of the companies surveyed said they were either exploring e-mortgage technology or soon adopting it, and 78 percent believed that half of all mortgages would be paperless within the next three to seven years.
September 2011 – Tomorrow’s Mortgage Executive
A New Normal: Volume is low now, but 2012 is predicted to be even worse. How do lenders survive?
We got some more bad news from the MBA. The trade association said that despite lower forecasted mortgage rates, weaker projected economic growth in 2012 led to a reduction in MBA’s origination forecast for that year to $931 billion, which would be the lowest volume originated since 1997.

So, there’s the bad news. Volume will continue to be down, but I believe that there is hope. This is not the end of the world. What are we to do? In this column every month you hear me preach about automation, so this time I thought I would ask the experts for their thoughts.

First, I talked to Prudence Green, VP of client services at Xerox Mortgage Services. She said, “Everyone has been busy. Now that it’s slow they can look at technology investment. You want intelligent collaboration that goes cradle to grave. We at Xerox are constantly looking to evolve processes. The ability to handle exceptions is key. You should have technology to handle the normal loan, but you want technology to handle those 20% of loans that are not in that normal category, as well.”

August 2011 – Tomorrow’s Mortgage Executive
The Path Forward: Looking to the Future
Nancy Alley is not new to the mortgage space. She has been around the block. However, now she has a big company in Xerox Mortgage Services to shepherd. What does she bring to the table? Well, if Nancy’s history is any indication, she is ready to help struggling lenders forced to deal with decreasing volume and increasing regulation move their business to the next level…Here’s her take on the future of XMS and the mortgage industry:

“Further, as we go into the future you’ll be able to manage, share and collaborate using data. We’re moving along this evolutionary path. We are not talking about how you get rid of paper with our clients because most have done that already. Now we’re talking about electronic collaboration. When you think about collaboration, it has to bust outside of the lender’s walls. It can’t just be internal. It has to be cradle to grave. That’s my vision.”
August 2011 – Mortgage Banking
DocuTech partners with Xerox Mortgage Services
Idaho Falls, Idaho-based DocuTech Corporation, a provider of mortgage compliance documents and initial disclosures of the mortgage industry, has partnered with Alpharetta, Georgia-based Xerox Mortgage Services to utilize Xerox’s DataGlyph® technology for the automatic classification of loan documents. DocuTech customers now benefit from an enhanced and accelerated process for generating, classifying, filing and storing mortgage documents.

July 2011 – Progress in Lending
What Happens Next
News broke on Friday of a big executive change at Xerox Mortgage Services. The media was quick to report on the news. But PROGRESS decided to hold off a while. Why? Because I know both Greg Smith and Nancy Alley very well. They’re great friends.

Before I told you about this news I wanted to talk to them both, congratulate them and really talk about what happens next. Greg really evangelized on behalf of a paperless process from the start and got a lot of lenders and competing vendors to follow. Nancy is a pioneer when it comes to promoting paperless processing, having co-founded an e-signing company back in the late 90s when there was no market in the mortgage industry for that technology. Both executives made their mark and turned this industry around to their way of thinking. So, what’s next?
July 2011 – National Mortgage News
Nancy Alley Takes the Reins at Xerox Mortgage Services
Nancy Alley, the vice president of product services at Xerox Mortgage Services, will now lead the group as its general manager, replacing outgoing GM Greg Smith.

Smith co-founded Advectis, and stayed with the company after its acquisition by Xerox in 2007.

Alley will begin her new role in mid-July. Her tenure at Xerox has focused on the company’s Blitzdocs XE, an electronic mortgage document management platform that includes consumer-facing portals for document sharing and management.
July 2011 – Housing Wire
Xerox Mortgage Services Names Nancy Alley General Manager
Xerox Mortgage Services, which provides an electronic mortgage document suite for the mortgage industry, named Nancy Alley general manager this week.

Alley is a 20-year industry veteran who spent the past two years working as vice president of product management.

She succeeds Greg Smith, the founder of Advectis, which was acquired by Xerox in 2007, turning the electronic document provider into Xerox Mortgage Services.
July 2011 – American Banker
Leadership Change at Xerox
Nancy Alley, the vice president of product services at Xerox Mortgage Services, will succeed Greg Smith as the group’s general manager.
July 2011 – Mortgage Technology
Free Webinar Explains UMDP Appraisal Requirements
Xerox Mortgage Services is set to host a free webinar to help mortgage industry participants better understand the appraisal components of the government-sponsored enterprises’ Uniform Mortgage Data Program.

June 2011 – National Mortgage Professional
DocuTech Partners with Xerox on Doc Classification
DocuTech Corporation (DocuTech), a provider of mortgage compliance documents and initial disclosures for the mortgage industry, has partnered with Xerox Mortgage Services to utilize Xerox’s DataGlyph technology for the automatic classification of loan documents. DocuTech customers now benefit from an enhanced and accelerated process for generating, classifying, filing and storing mortgage documents. Developed at the Palo Alto Research Center, Xerox Mortgage Services’ DataGlyphs technology is a sophisticated form of a barcode that acts as a portable database and enables DocuTech customers to embed loan data onto a document. Those documents can be automatically classified in the BlitzDocs electronic loan folder upon submission via scan or upload—saving 30 to 45 minutes in data entry and manual classification. The technology is integrated with DocuTech’s precision document system ConformX, ensuring lenders only generate the necessary documents needed for each closing.

“Xerox Mortgage Services believes that eliminating key strokes and streamlining processes are key to paperless adoption,” said Nancy Alley, vice president of product management at Xerox Mortgage Services. “Our DataGlyph technology is a prime example of how automating the loan process can greatly improve a business’ efficiency and reduce errors. Using DataGlyphs, DocuTech’s customers can accelerate their lending process, offer higher levels of service and increase loan volume due to reduced costs and time spent handling loans.”
June 2011 – Baseline
Choosing the Right Collaboration Tools
The next step up from a wiki is a full-blown document management portal that can act as the main knowledge repository for a corporation. This is the case with Shore Mortgage, in Birmingham, Mich., which uses Xerox BlitzDocs electronic mortgage collaboration suite for its 350 employees.

The recession has taken its toll on the mortgage business, so the remaining lenders and brokers need all the productivity tools they can find. Shore deployed the Xerox software as a way to streamline its operations with a paperless environment that is simpler and faster—from filling out an application to funding a mortgage.
June 2011 – Progress in Lending
Don’t Take “E” For Granted
“I’m paperless because I image” Lenders say that all the time. However, it’s dead wrong. You need to be paperless because you’re paperless, not because you scan every piece of paper into electronic form. How does that happen? It’s actually not that hard. You’ll say, “I can’t make the Realtor go paperless.” NOT TRUE, YOU CAN MAKE EVERY TRADING PARTNER THAT YOU DEAL WITH PAPERLESS.

I talk a lot about different technology vendors here. Why do I do that? Because the more informed you are about what’s out there, the more likely you are to adopt new technologies. That’s the overriding message. And when it comes to paperless processing you need a vendor that can help you make this transition. I recently had an opportunity to looking at the latest version of BlitzDocs and the improvements are worthy of note. Here’s how this technology can help you go paperless, even beyond your own walls:
June 2011 – National Mortgage News
DocuTech Implements Xerox Doc Management Barcodes (subscription required)
Document preparation vendor DocuTech will begin offering electronic doc management services through a partnership with provider Xerox Mortgage Services.
June 2011 – MortgageOrb
DocuTech Uses Xerox’s DataGlyph Technology
DocuTech Corp., a provider of mortgage compliance documents and initial disclosures, has partnered with Xerox Mortgage Services to use Xerox’s DataGlyph technology for the automatic classification of loan documents.

The partnership will enable DocuTech customers to accelerate the process of generating, classifying, filing and storing mortgage documents, the firms say.
June 2011 – TheMReport.com
DocuTech and Xerox Team Up on Mortgage Doc Technology
DocuTech Corp. who provides mortgage compliance documents for the mortgage industry is working with Xerox Mortgage Services to initiate their DataGlyph technology to provide automatic classification of loan documents.

“Using Xerox Mortgage Services’ DataGlyph technology, our customers can continue to provide loan documents that are guaranteed to meet required regulations and streamline the document management process,” said Scott Stucky, chief operating officer, DocuTech.

May 2011 – Progress in Lending
Tech Vendors Staff up for Success
As we heard yesterday, the real estate market is not recovering. Home prices hit a new low not seen in years. And with the shadow inventory just starting to hit the market, prices will likely fall further. Despite these declines more lenders and servicers realize the time to automate is now.

So, technology vendors are staffing up to meet this need. “As our market faces contraction and tighter regulation, companies are turning to paperless collaboration due to its inherent efficiencies and transparency.” said Greg Smith, vice president, Xerox Mortgage Services. “With the new additions to the Xerox Mortgage Services team, we can better help our clients take advantage of paperless collaboration and navigate through an increasingly demanding market environment.” PROGRESS has learned about new hires at Xerox, Prommis Solutions and Equifax.
May 2011 – National Mortgage News
Paperless Proponents Tell Lenders to Take E-Mortgage One Step at a Time (subscription required)
Electronic mortgage and paperless processing advocates encouraged lenders to start slow and go paperless in pieces, rather than taking on the entire task at once during a pair of sessions at a technology conference ongoing in Las Vegas this week.
May 2011 – National Mortgage Professional
MortgageFlex Collaborates With Xerox Mortgage Services on Enhanced Doc Management
MortgageFlex Systems Inc., a provider of lending and servicing solutions, has announced its integration with Xerox Mortgage Services’ BlitzDocs platform to provide lenders comprehensive and enhanced document management services.

March 2011, Housing Matrix
MRG Document Technologies Completes eNote Certification Through Xerox Mortgage Services
MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has successfully completed full lifecycle eNote certification through Xerox Mortgage Services' BlitzDocs eVault.
March 2011, National Mortgage Professional
MRG Completes eNote Certification Through Xerox Mortgage
MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has successfully completed full lifecycle eNote certification through Xerox Mortgage Services’ BlitzDocs eVault.
March 2011, National Mortgage Professional
Xerox Mortgage Releases BlitzDocs eXtended Edition to Streamline Paperless Process
Xerox Corporation is expanding the benefits of paperless loans to closing agents with the newest release of BlitzDocs eXtended Edition (XE). The new software connects participants electronically so they can work together to process loans without delays or bottlenecks. BlitzDocs XE now allows third-party closing agents to view and manage loan packages from lenders in one central place.
March 2011, CUinsight
MRG Document Technologies Completes eNote Certification Through Xerox Mortgage Services
MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has successfully completed full lifecycle eNote certification through Xerox Mortgage Services’ BlitzDocs® eVault.

A sample eNote in the form of a MRG Category 1 classified SMARTDoc, was successfully delivered to Xerox’s BlitzDocs eVault, a virtual repository that connects directly to the MERS® eRegistry and eDelivery systems, where it was electronically signed and registered. The eNote also went through a series of mortgage lifecycle events, including sale and delivery to end investors, initiation of servicing transfers and pay off events, all without errors. Category 1 requires the most complete data validation of the five SMARTDoc classifications.
March 2011, Loan Safe
Xerox Makes Paperless Mortgage Faster and Easier; Adds Closing Agents to its Network
Xerox Corporation (NYSE: XRX) is expanding the benefits of paperless loans to closing agents with the newest release of BlitzDocs® eXtended Edition (XE). The new software connects participants electronically so they can work together to process loans without delays or bottlenecks. BlitzDocs XE now allows third party closing agents to view and manage loan packages from lenders in one central place. Loan activity is tracked and reported back to BlitzDocs XE, eliminating the need for agents to call and check on package deliveries. Thorough auditing tools are built in to record and track the entire process.

February 2011, Scotsman Guide
Share the Benefits of E-mortgages
Now more than ever, U.S. consumers are going digital. So what’s next in the ever-evolving world of paperless solutions? Mortgages.

Mortgage-industry participants have always communicated and collaborated to initiate, process, close and service loans. Throughout the past decade, the options for sharing information have evolved from phone, fax, and overnight express to e-mail, instant messaging and electronic document-collaboration solutions.