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Advectis Adds BlitzDocs® Connector to BlitzDocs Solution Suite
BlitzDocs Connector enables transfer of electronic loan folders to investors and third parties
ORLANDO, March 29, 2005 – Advectis, Inc., provider of the most
widely used solution for electronic mortgage document collaboration,
announced the addition of BlitzDocs Connector to its BlitzDocs
suite of solutions. Using connectors, BlitzDocs customers can deliver
loan documents to third party systems, such as an investors’ proprietary
document management or image archiving system.
BlitzDocs Connector can collect individual
or multiple loan packages and their associated documents and provide
automatic mapping of document types and names between parties. BlitzDocs
Connector is an extension of the BlitzDocs platform 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 folder,
e-Folder.
“BlitzDocs Connector are a vital part of
our collaborative platform because they
allow our customers to electronically transfer loan folders and documents,
including investor-required indexing
data, to investors and other third parties,” said Greg Smith,
president and CEO of Advectis. “We built our connector technology
after conducting extensive interviews with
some of the largest lenders, brokers and investors in the industry.
The features and functions
included in our connectors reflect the
demanding requirements of the industry.”
“Completing a loan package is a highly collaborative
process,” said Rebecca Wegman, executive vice president of operations
at Golden Empire Mortgage. “With BlitzDocs Connector, our team
leverages technology to eliminate paper
and cost when delivering necessary documents to other lenders or investors,
such as Countrywide Home
Loans, regardless of what technology platform
that investor or lender is using. BlitzDocs technology from Advectis
integrates with our existing systems and
those of the organizations with which we
work most closely.”
With a few simple keystrokes, BlitzDocs
Connector can significantly minimize transfer
and shipping costs of loan folders and
documents from a lender to an investor
or mortgage insurance companies. The BlitzDocs platform was developed
to allow simultaneous collaboration
among all professionals in the mortgage
industry. Brokers, lenders, investors and other authorized parties
can access and view mortgage
documents over the Web in real time, thereby
increasing turnaround time and productivity.
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