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Additional Mortgage Companies Join BlitzDocs Network
Lenders gain efficiencies through electronic origination and processing of loan documents
SAN DIEGO, March 29, 2006 – Advectis®, Inc., provider of the most widely used solution for electronic mortgage document collaboration, announced at the Mortgage Bankers Association’s 2006 National Technology in Mortgage Banking Conference and Expo that three additional mortgage companies have selected BlitzDocs® Collaboration Suite for their organization. California-based Mason-McDuffie Mortgage Corp., Arizona-based Concord Mortgage Company and Georgia-based Primary Capital Mortgage are the latest lenders to join the BlitzDocs collaborative electronic document network, where participants in the mortgage loan industry capture, submit, organize, underwrite, audit, share and archive loan documents electronically.
“The growing need to communicate and share information in an expedient and efficient manner continues to drive industry entities to a collaborative document network that will enable them to function in a cost efficient manner that does not require costly integration,” said Greg Smith, president and CEO of Advectis.
Mason-McDuffie Mortgage, located in San Ramon, Calif., became familiar with the BlitzDocs Collaboration Suite through a top 10 lender already achieving benefits through the solution. The company plans to use the system to realize internal cost savings while still having the capability to electronically ship loan documents to correspondent buyers and investors.
Concord Mortgage is one of the largest privately held mortgage bankers in the Scottsdale area. The company selected BlitzDocs to further its commitment to excelling in the customer service it provides.
Primary Capital, a leading residential mortgage banker in Georgia, selected BlitzDocs to enable collaboration through the use of imaged loan documents during the entire loan cycle. A key selection factor was the ability to seamlessly integrate the company’s existing loan origination software to BlitzDocs via Web services.
“As more companies join the BlitzDocs network, we will continue to see a growth in workflow efficiencies across multiple companies in the origination and loan processing market,” Smith said. “Advectis will remain very active in assessing and developing technology to ensure the system provides and offers the most effective means to build a solid bridge from the paper-saturated mortgage industry of our past to the paperless environment of today and tomorrow.”
About Advectis, Inc.
Advectis, Inc. provides the mortgage industry’s most widely used solution for electronic document collaboration, BlitzDocs Collaboration Suite. The Web-based suite provides access to the BlitzDocs collaborative electronic document network where participants in the mortgage loan industry capture, submit, organize, underwrite, audit, share and archive loan documents electronically. At the heart of the BlitzDocs network is the collaborative electronic loan folder which mirrors the paper loan folder that mortgage companies use today, but streamlines loan processing from capture and submission through sharing and delivering of the e-folder. With BlitzDocs, Advectis not only provides a solution for paperless processing now, but also offers a path to SMART Docs and the e-mortgage.
For more information about Advectis and BlitzDocs, call 678.460.2460 or visit the Web site at www.advectis.com.
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