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Mortgage Technology Magazine Awards Advectis with Fix-IT
Award
ATLANTA, October 28, 2005 – During the 92nd Annual Mortgage
Bankers Association of America Conference in Orlando, Mortgage Technology
magazine awarded Advectis®, Inc., the provider of the most widely-used
solution for electronic mortgage document collaboration, with the
prestigious Fix-IT award for BlitzDocs®. The award is given every
year to the company whose technology application fixes a particular
problem in the mortgage process.
The mortgage industry has been saturated with paper because
of the strong need to communicate between all parties that
participate, from origination to closing to due diligence.
There was a need to
create a system through which all parties could share information
efficiently. Advectis is one of the first companies to develop
a complete system that is accessible to all parties without
requiring a substantial
investment in changing their existing systems.
BlitzDocs, or BlitzDocs Collaboration Suite, provides a collaborative
electronic document network for all participants in the mortgage
loan industry to capture, submit, organize, underwrite, audit,
share and
deliver loan documents electronically.
"Winning this award is an honor for everyone at Advectis," said
Greg Smith, president and CEO of Advectis. "This recognition
further validates the need in the industry for the kind
of technology that will change the mortgage process entirely.
We are committed to
improving the process and reducing costs. What we have
been able to create through the BlitzDocs Collaboration
Suite is a consistent,
reliable method to help the mortgage industry move toward
the e-mortgage and going paperless."
Advectis has garnered the respect of the industry by creating
a network that saves time and money for lenders, underwriters,
due diligence and quality control providers as well as
investors.
"With the automation provided by BlitzDocs solutions, our
brokers and underwriters have a better loan process to
more comprehensively meet the needs of their clients," said Josh Stallings,
vice president of strategic initiatives for No Red Tape. "The capacity
to create an image of the file and then immediately manage
the file makes our workflow more effective, furthering our goal of becoming
the most technologically progressive jumbo lender in
the nation."
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