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Advectis Secures Patent for Mortgage Document
Sharing and Collaboration Methods
Intellectual property key component in building
#1 Network for Mortgage Document Collaboration
ATLANTA, Feb. 8, 2007 – Advectis®, Inc., provider
of the most widely-used solution for electronic mortgage
document collaboration, announced it was issued US Patent
No. 7,146,367 for a Document Management System and Method
on Dec. 5, 2006. The patent broadly protects Advectis’ BlitzDocs® technology,
with respect to the collecting, organizing, retrieving,
viewing and storing of imaged mortgage loan documents
within a shared electronic loan folder that can be accessed
by multiple parties, including brokers, lenders, MI companies,
investors and other service providers.
"Advectis has been on the forefront of bringing
electronic collaboration solutions to the mortgage industry,"
said Greg Smith, president and chief executive officer
of
Advectis. "With the awarding of this patent, Advectis
has assured our customers and their business partners
that the enabling technology for the BlitzDocs collaborative
electronic document network is protected."
About Advectis, Inc.
Advectis, Inc. provides the mortgage industry's
most widely-used solution for electronic document collaboration.
The Web-based BlitzDocs Collaboration Suite provides
access to the BlitzDocs collaborative electronic document
network where participants capture, submit, underwrite,
audit, share, deliver and archive loan documents. BlitzDocs
customers benefit from a network with more than 20,000
broker shops, the top seven mortgage insurance companies
and three of the top due diligence providers. Collectively,
BlitzDocs investor participants represent more than 50
percent of loans purchased in the secondary market. For
more information call (877) 200-8700 or visit www.advectis.com.
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