Archived news articles from 2005

December 2005, National Mortgage News
Imaging Now the Rage as Affordability Grows
The most significant benefit of imaging and data integration comes with pushing the technology out to trading partners, said Advectis president and CEO Greg Smith.
December 2005, RETI News Bulletin
A look at Countrywide, e-mortgages, and the future of imaging
As Greg Smith of Advectis said, imaging is still in early adoption in the mortgage industry, and paper will remain in the process for some time.
December 2005, The Georgia Mortgage Press
Advectis announces new capabilities for BlitzDocs Suite
Advectis has announced improved functionality of its BlitzDocs Collaboration Suite of mortgage collaboration software tools.
December 2005, Michigan Banker
Flagstar Bank's Digital Document Platform Available with Key Partners
Flagstar Bank announced general availability of its digital document transfer platform and specification for seamless electronic document exchanges with key mortgage industry partners.
December 2005, The Georgia Mortgage Press
Advectis adds The Stonehill Group to list of QC providers
Advectis has announced the addition of The Stonehill Group to its BlitzDocs Certified Quality Control (QC) Provider Program. The certification ensures lenders and investors that QC and due diligence providers are fully-trained and prepared to deliver their services via the BlitzDocs Collaboration Suite.
December 2005, National Mortgage News
The Best and the Brightest
Advectis, Inc. won the the MT Fix-It Award for its BlitzDocs solution, one which is helping to enable the visionary, almost-but-not-quite-here paperless mortgage.

November 2005, RETI News Bulletin
Jumbo lender wins big with imaging, underwriting systems
We [No Red Tape] use the BlitzDocs imaging system from Advectis. Imaging has been around for years, so that’s nothing new. But the way we’ve implemented it and used it is entirely new. It’s not just a document storage system on the back end. We have implemented it throughout the whole pipeline, from point of sale (POS) all the way through investor delivery. Brokers can fax or e-mail their conditions, and they go straight into the BlitzDocs e-file.
November 2005, Originator Times
Advectis Paperless Mortgage Processing Survey Yields Insight
Advectis, Inc., the provider of the most widely-used solution for electronic mortgage document collaboration, announced the company's survey results regarding the preparedness of the mortgage industry for future paperless mortgage processing.
November 2005, MortgageDaily.com
Digital Loan Processing on Horizon
Advectis Surveys Mortgage Executives. Many mortgage executives expect most home loans will be processed electronically in the next few years. These were the findings from The Path to Paperless survey recently announced by Advectis, Inc.
November 2005, Inman News
Real estate loan industry sees paperless future
Survey reveals bullish outlook for electronic mortgages. Ease of integration with existing mortgage loan technology systems is among mortgage industry executives' most important considerations when looking to adopt paperless technology, according to a new industry survey.
November 2005, Mortgage-Technology.com
A Day in the Life of an e-Mortgage
The industry has known for some time that the technology for delivering e-mortgages is available, but has been slow to embrace it because of a lack of understanding and appreciation of the benefits.
November 2005, MBA Newslink
Survey Finds Industry Desire to Move to eMortgages
A survey from Advectis Inc., Atlanta, found that 59 percent of mortgage industry professionals said it was important to integrate new technologies into the systems they currently use to enable a paperless mortgage process.

October 2005, Inside Mortgage Technology
Vendor News Roundup
Deloitte & Touche named document management company Advectis as a Rising Star in its Technology Fast 50 program in Georgia. Rankings are based on revenue growth.
October 2005, Broker Newswire
MISMO data standards power vendor management, e-document solutions
The MISMO XML data standards continue to play a larger role in the real estate lending process, with several tech vendors announcing implementations of MISMO interfaces recently.
October 2005, MBA Newslink
Advectis Enhances BlitzDocs Collaboration Suite
Atlanta-based Advectis Inc., enhanced the capabilities of BlitzDocs Collaboration Suite including new features that streamline process automation, improve electronic loan delivery to third parties and provide greater reporting.
October 2005, National Mortgage News
Advectis Optimistic on Tech
With interest rates expected to rise and volume to shrink, most expect a heightened emphasis on technology at this year's MBA Annual. A study conducted by Alpharetta, GA-based workflow collaboration vendor Advectis concludes that concepts like the electronic mortgage may be a reality sooner than most people think.
October 2005, RETI News Bulletin
Flagstar, Advectis unite for paperless loan processing
The companies have enhanced the BlitzDocs solution with a connector that electronically delivers loan packages to Flagstar Bank’s imaging systems. The connector is based on MISMO standards.
October 2005, Inman News
Advectis tool electronically delivers real estate loan packages
Electronic loan documents can now be transferred quickly and easily to one of the nation's leading residential mortgage loan originators thanks to a new connector created by Advectis, the companies said today. Electronic mortgage document collaboration provider Advectis has developed a connector that enables customers using its BlitzDocs collaboration software to electronically deliver electronic loan folders to Michigan-based Flagstar Bank's imaging systems.
October 2005, RETI News Bulletin
MISMO data standards power vendor management, e-document solutions
The MISMO XML data standards continue to play a larger role in the real estate lending several tech vendors announcing implementations of MISMO interfaces recently. Advectis, which provides a solution for electronic mortgage document collaboration, has added a connector based on the MISMO data standards for ePackaging and SMART documents.
October 2005, Mortgage Technology
2005 Tech Awards Categories & Nominees
The Fix-It Award is given to a technology tool providing an effective solution for a particular industry problem, need or channel. 2005 finalists include Advectis, which is recognized for its BlitzDocs product.

September 2005, RETI News Bulletin
The Stonehill Group joins BlitzDocs Certified Provider Program
Advectis, which provides a solution for electronic mortgage document collaboration, has added The StoneHill Group to its BlitzDocs Certified Quality Control (QC) Provider Program.
September 2005, Mortgage Banking
Advectis Introduces BlitzDocs Collaboration Suite
Advectis had introduced its BlitzDocs Collaboration Suite to provide a collaborative network for sharing mortgage loan documents from origination to funding from broker to investor.
September 2005, dBusiness News
The Stonehill Group Joins BlitzDocs Certified Provider Program
Advectis, Inc. announced the addition of the Stonehill Group to its BlitzDocs Certified Quality Control (QC) Provider Program. The certification program ensures lenders and investors that QC and due diligence providers are fully-trained and prepared to deliver their services via the BlitzDocs Collaboration Suite.
September 2005, Mortgage-Technology.com
The E-Mortgage Adoption News You Need to Know About
Are you up on all your e-mortgage headlines? How far off are we from industry adoption? Well, in the past six months, there has been news to indicate that there is progress being made toward wider adoption of e-mortgages.
September 2005, Inside Mortgage Technology
Techology Fuels Rapid Growth of No Red Tape
No Red Tape had a scorching second quarter that was the 7-year-old company's most productive three months to date. What's the company's secret? Technology. No Red Tape's network is teeming with with a wide array of the latest software that has one purpose -- to process a loan as fast as possible, paperlessly.
September 2005, Scotsman Guide
Out of Paper
Today's mortgage process is collaborative and paper-saturated. Creating collaborative networks is the key to going paperless in the mortgage industry.

August 2005, National Mortgage News
The Value of True Electronic Collaboration
Advectis, Inc., is making it easier for the different parties in the mortgage process to work both electronically and in a collaborative environment.
August 2005, National Mortgage News
Midtier Lenders Use Technology to Get Ahead
Josh Stallings, vice president, strategice initiatives for No Red Tape, Sherman Oaks. "We've been using BlitzDocs for over a year," he said. "Before at post closing, we'd scan everything in and archive them on a drive, but there was no way to manage these things electronically."
August 2005, American Banker
No Jumbo Joke
It [No Red Tape Mortgage] also gave its brokers access to Advectis Inc.'s BlitzDocs paperless transaction [document] platform.
August 2005, National Mortgage News
Imaging: A Transitional Step in the E-Mortgage
Greg Smith, CEO of Advectis, said "A lot of lenders are struggling with how to implement imaging."
August 2005, Real Estate Technology News
Advectis BlitzDocs Collaboration Suite connects mortgage participants
Advectis, provider of electronic mortgage collaboration technology, has introduced the BlitzDocs Collaboration Suite, which provides a collaborative network for mortgage participants including brokers, correspondents, lenders, investors and other third party entities.
August 2005, Mortgage Banking
Triad Guaranty Insurance Joins BlitzDocs Certified Underwriting Provider Program
Triad Guaranty Insurance Corporation, Winston-Salem, North Carolina, announced it has joined the BlitzDocs Certified Underwriting Providing Program. The certification allows Triad to review and underwrite electronic files received directly from lenders using BlitzDocs solutions from Advectis, Inc.
August 2005, Mortgage Technology
Where Are The Technology Dollars Going?
With the refinance boom over, lenders are starting to take a second look at their operations and deciphering where they can streamline to make them more efficient in handling the next refi wave. The answer in every case is to invest more and more in technology, to automate more and more of the process.
August 2005, Broker Universe
Advectis Launches Collaborative Platform
Advectis Inc., Alpharetta, Ga., has released BlitzDocs Collaboration Suite, an application that provides a collaborative network for mortgage brokers, correspondents, lenders, investors, and other third parties.
August 2005, National Mortgage News Online
Advectis Launches Collaborative Platform
Advectis Inc., Alpharetta, Ga., has released BlitzDocs Collaboration Suite, an application that provides a collaborative network for mortgage brokers, correspondents, lenders, investors, and other third parties.

July 2005, Mortgage-Technology.com
Triad Joins BlitzDocs Underwriter Program
Triad Guaranty Insurance Corp. has joined the BlitzDocs Certified Underwriting Provider Program. The certification allows Triad to review and underwrite electronic files directly from lenders using BlitzDocs systems from Advectis Inc.
July 2005, RETI News Bulletin
No Red Tape adds Advectis BlitzDocs to loan management center
Jumbo-only wholesale lender No Red Tape Mortgage is using Advectis' BlitzDocs Enterprise solution within its automated loan management center, U-CLOSE. The application has led to increased workflow, broker satisfaction and reduced operation expenses, No Red Tape said.

June 2005, Mortgage-Technology.com
Triad Joins BlitzDocs Underwriter Program
Triad Guaranty Insurance Corp. has joined the BlitzDocs Certified Underwriting Provider Program. The certification allows Triad to review and underwrite electronic files directly from lenders using BlitzDocs systems from Advectis Inc.
June 2005, MBA Newslink
AIG United Guaranty can receive electronic files directly from lenders using BlitzDocs Connector from Advectis, Inc.
June 2005, Origination News
Stabilizing Efficiencies
Origination technology provider, Advectis, Inc., has written a piece on how the current market demands efficiency of originators and how they can achieve it. The remarks are presented in this month's Viewpoint.
June 2005, Mortgage Technology
Top 100 Vendors
A continuing consolidation trend coupled with an influx of strong new players makes this year's Top 100 Mortgage Technology Vendors list look very different from the previous lineup.
June 2005, Mortgage Technology
Advectis Embraces Web Services to Up Interoperability
Advectis, Inc., provider of electronic mortgage document collaboration technology, has launched BlitzDocs Web Services Developer's Guide. The developer's guide provides lenders, investors, quality control firms, due diligence providers, loan origination software vendors and other third-party providers with an interface to the BlitzDocs platform.

May 2005, RETI News Bulletin
Advectis wins technology marketing award
Advectis, provider of a solution for electronic mortgage document collaboration, has won a 2005 TAMY Award from Technology Marketing Association (TMA), a society of the Techology Association of Georgia. The awards are given annually to recognize emerging and large companies' technology marketing programs.
May 2005, MBA Newslink

Advectis, Inc., Atlanta, announced the addition of BlitzDocs Web Services Developer's Guide. The guide provides lenders, investors, quality control (QC) firms, due diligence providers with an interface to the BlitzDocs platform.
May 2005, Inman News
Electronic real estate loan automation improved
Developer's guide aims to streamline loan processing. Atlanta-based Advectis, which makes electronic mortgage document collaboration solutions, has created a new developer's guide to provide lenders, investors and others with an interface to its BlitzDocs platform, the company said today.

April 2005, RETI News Bulletin
Mortgage broker uses Advectis BlitzDocs to share, archive loan docs
Broker cites improved efficiencies, savings and customer service.
April 2005, National Mortgage News
True Business-Centric Tech Vendors Do Exist
Many implementations fail because the technology chosen is either an out-of-the-box solution that requires the user to change the way they do business based on how the technology operates or the technology is so toolkit-oriented that so much customization is required to get the application up and ready. Nonetheless, there is a solution: find technology that is business-centric.
April 2005, Mortgage Technology
Why Going Paperless Isn't Enough
Many lenders are investing in imaging solutions to prepare for the electronic mortgage. Some lenders even think that going paperless is akin to an e-mortgage. However, an e-mortgage in reality goes beyond simple imaging.

March 2005, MBA Newslink

Advectis, Inc., provider of electronic mortgage document collaboration products, announced the addition of BlitzDocs Connector to its suite of products. BlitzDocs customers can deliver loan documents to third party systems, such as an investor's proprietary document management or image archiving system.
March 2005, Inside Mortgage Technology
Countrywide Adds New Connector System
Countrywide Financial has begun using a new imaging process that speeds delivery of loan documents to third-party systems, and as a result the megalender says it can turn around loans faster with fewer suspensions.

February 2005, Broker Universe
No Red Tape: Close Faster, Use Imaging
While we are still a long way away from having a true paperless closing, the imaging of documents during the mortgage process makes getting to the closing table that much quicker, said one user [No Red Tape] who is a heavy user of this technology [BlitzDocs].
February 2005, Real Estate Technology Insight
Overcoming Tech Acquisition Risk
If you can beat these three deadly threats, your new technology might succeed. Understanding the risks associated with buying or creating technologies can help a companies avoid errors that can lead to huge losses, according to Greg Smith, CEO of Advectis.
February 2005, Origination News
No Red Tape: Close Faster, Use Imaging
While we are still a long way away from having a true paperless closing, the imaging of documents during the mortgage process makes getting to the closing table that much quicker, said one lender who is a heavy user of this technology [BlitzDocs].
February 2005, MBA NewsLink
Mortgage Industry Rises From Dot-Com Bust