|
< < back
Advectis’ BlitzDocs Collaborative Document Network Experiences Aggressive Adoption
Highlights include an 86 percent increase in number of loans processed through mid-year
ATLANTA, Aug. 2, 2007 – Advectis®, Inc., provider of the most widely-used solution for electronic mortgage document collaboration, enjoyed an 86 percent increase in the volume of loans processed or delivered through its collaborative document network during the first half of 2007, compared to the first half of 2006. The company, which has increased the number of employees by more than 46 percent from June 2006 to June 2007, also increased its customer base by 52 percent during this period.
Additionally, Advectis’ revenues from January through June 2007 increased 67 percent from January through June 2006. By the end of June 2007, BlitzDocs users benefited from a network of more than 35,000 broker shops, a 75% increase over June 2006. The network also includes the top seven mortgage insurance companies, four of the top due diligence providers, and investor participants that represent more than 70 percent of loans purchased in the secondary market.
The Advectis’ BlitzDocs collaborative document network enables all mortgage participants to capture, submit, underwrite, audit, share and archive loan documents electronically.
"We are proud to maintain our leadership as the number one network for mortgage document collaboration," said Greg Smith, president and CEO of Advectis, Inc. "The network collaboration powered with BlitzDocs ensures a more organized workflow that expedites the loan process. As the number of users continues to accelerate, our customers receive greater service and efficiency advantages of a larger network."
Other milestones in the first half of 2007 included Advectis garnering a position on Mortgage Technology magazine’s Top 50 Providers, securing a patent for mortgage document sharing and collaboration methods, integrating with two market-leading loan origination applications, and winning a Technology Marketing Award for Excellence (TAMY) in marketing for growth from the Technology Association of Georgia.
"As the BlitzDocs collaborative document network grows, we eliminate more inefficiency in the mortgage industry caused by paper, enabling participants to save money and time,"
Smith said.
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 35,000 broker shops, the top seven mortgage insurance companies and four of the top due diligence providers. Collectively, BlitzDocs investor participants represent more than 70 percent of loans purchased in the secondary market. For more information call 678.460.2460 or visit www.advectis.com.
Archived press releases from:
< < Current press releases
|
