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Advectis Announces Electronic Document Delivery Using MISMO
Standards
BlitzDocs Connector built to MISMO specifications now facilitates
transfer of electronic loan folders from BlitzDocs to third-party
systems
ATLANTA, October 3, 2005 – Advectis, Inc®., provider of the most
widely-used solution for electronic mortgage document collaboration, announced
the addition of a connector based on the Mortgage Industry Standards Maintenance
Organization’s (MISMO) data standards for ePackaging and SMART documents.
BlitzDocs customers can now utilize industry-defined standards to achieve
operational efficiencies for loan document image transfer between mortgage
participants.
With the connector, BlitzDocs® lenders and correspondent sellers can
deliver BlitzDocs collaborative electronic loan folders into third-party
image archive and enterprise content management (ECM) systems. BlitzDocs
Connector is an extension of the BlitzDocs Collaboration Suite which enables
participants in the mortgage loan industry to capture, submit, organize,
underwrite, audit, share and archive loan documents electronically using
BlitzDocs collaborative electronic loan folders™, e-Folders.
"The addition to BlitzDocs Collaboration Suite of a connector based
on the MISMO specifications further expands our connectivity within
the mortgage industry," said Greg Smith, president and CEO of Advectis,
Inc. "Embracing MISMO standards will help even more parties connect
to our customers faster, easier and with less integration effort.
This significantly increases the participation and value of the
collaborative electronic document
network we are building."
BlitzDocs Collaboration Suite™ was built to create a network of lenders,
correspondents, brokers, investors, mortgage insurance companies and other
third-party constituents that could share, deliver and collaborate with
electronic documents and loan folders.
About MISMO
Mortgage Industry Standards Maintenance Organization, Inc. (MISMO)
was established by the Mortgage Bankers Association (MBA) to coordinate
the development and maintenance of Internet based Extensible Markup
Language (XML) real estate finance specifications. MISMO utilizes
an open and democratic vendor-neutral approach to the development
and maintenance of a single real estate finance XML DTD transaction
repository. MISMO has published specifications that support mortgage
insurance application, mortgage insurance loan boarding, secondary,
bulk pricing, real estate services, credit reporting and underwriting
process areas. The specifications are freely available for industry
implementation via the MISMO website. For more information, visit www.mismo.org.
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