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Advectis Announces the Addition of QC-MAC to the BlitzDocs® Certified
Provider Program
Quality control firm latest provider in the certification program
ATLANTA, Nov. 17, 2004 - Advectis, a provider of the most widely-used
solution for electronic mortgage document collaboration, announced
the addition of QC-MAC to its BlitzDocs Certified Quality Control
Program. The new partner certification program allows providers of
quality control (QC) services to certify to their lender customers
that they are fully trained and prepared to deliver those services
via the BlitzDocs solution.
“We created the BlitzDocs Certified Provider
Program as a service to lenders,” said Greg Smith, president
and chief executive officer of Advectis,
Inc. “Currently, we
have more than 22 Lenders, including four
top 20 lenders, who are deploying BlitzDocs technology in their origination
and underwriting
operations. Many of these lenders are required
to perform quality control on a number of their loans and they frequently
outsource that
to companies such as QC-MAC. It’s important to those lenders
that their QC providers are certified to
deliver their services by accessing, viewing, and updating the BlitzDocs
collaborative electronic
loan folder containing images of the loan
documents. We certify those providers to assure lenders that as they
expand their use of the BlitzDocs
offering, they have a stable of technology
and service providers that know how to fully maximize the efficiencies
within the BlitzDocs solution.”
BlitzDocs Certified QC Providers use BlitzDocs-based
technology (either Advectis BlitzDocs or GE’s Doc Central) as
a key component in their quality control process. The company has
been delivering our services via BlitzDocs solutions for a number
of lenders for over a year. “We have been delivering our services
via BlitzDocs for a number of lenders for over a year. We believe
that image-based QC delivery is one of the technologies that will
help the mortgage industry move toward the paperless mortgage,” said
Ben Slayton, chief executive officer of Culver City, Calif.-based
QC-MAC. “Our Lender customers are really excited about our joint
solution which delivers real value to them in the form of less paper,
no onsite travel, and no shipping costs.”
The BlitzDocs solution allows lenders to
identify a pool of loans that require a QC audit and allows QC-MAC
to access that file from a browser to deliver their service. The lender
does not have to spend the hours or even days necessary to research
the loans and fax documents to QC-MAC. Slayton explained that after
lenders create the QC file they do not have to be involved in the
day-to-day QC process.
“Each month a growing percent of our clients
are switching to a paperless system,” Slayton said. “This
is an exciting time in the industry, and
we are working with Advectis because the company is ahead of the curve
when it comes to mastering
the use of paperless technology, therefore
defining and delivering paperless technology to real customers. This
relationship will help
our clients achieve their objective of
doing business more efficiently.”
According to Advectis, certifying providers
for best practices and integration are additional steps toward bridging
today’s paper-intensive processes with tomorrow’s e-mortgage
by reducing costs, turnaround time and increasing overall process
efficiencies for both brokers and lenders. To be certified as a BlitzDocs
Certified QC Provider, a company must demonstrate a proficiency in
performing due diligence/QC services on image-based loan folders made
available to them via access to the BlitzDocs solution by Advectis
customers, complete a BlitzDocs certification training course and
test, be a member of the Mortgage Bankers Association (MBA), and demonstrate
a core competency in underwriting, delivery of QC services, or due
diligence services.
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