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MoneyTree Lending Taps BlitzDocs®
to Originate and Contract Underwrite Paperless Mortgages
BlitzDocs is a paperless origination, underwriting and document archival system
from Advectis, Inc. that enables customers like MoneyTree Lending, a division
of Mortgagetree Lending, to eliminate copying and overnight charges by sharing
submission package images electronically. Moneytree is currently working with
GE Mortgage Insurance for their contract underwriting.
"BlitzDocs is helping MoneyTree Lending remove significant paper bottlenecks
from our origination process,” said Diana Grossmann, chief operating officer
of MoneyTree lending. “We are adding more and more branches every month.
GE’s ability to underwrite remotely via BlitzDocs is critical to our ability
to address our aggressive growth objectives.”
BlitzDocs is a Web-based paperless origination and archival system that converts
loan documents to images to move them more easily. It allows brokers and lenders
to electronically capture, submit, organize, securely share and archive loan
submission and closed loan packages. Additionally, it helps the mortgage industry
eliminate excess paper and streamline processes while reducing mailing costs
and associated delays.
"We have an unwavering commitment to being an innovative and valued partner
for our customers," said Richard Nastasi, Senior Vice President and e-Business
Leader for GE Mortgage Insurance. "By enabling Advectis customers like MoneyTree
Lending to immediately share dynamic online loan folder documents with our Regional
Underwriting centers, everyone bypasses the costs and inefficiencies of handling
paper to close loans faster and more cost effectively."
“We’ve engineered a solution that assists brokers in managing loan
documents while delivering added efficiencies and cost savings to the lender,” said
Greg Smith, president and CEO of Advectis, Inc. “Leveraging BlitzDocs to
remove paper from the process, our customers continue to find more ways to expand
their business and streamline their origination and underwriting business processes.”
About MoneyTree Lending
Incorporated in California in 1986, MoneyTree Lending
is a nationwide net branch company providing quality service and
productive partnerships for entrepreneurial mortgage professionals.
MoneyTree Lending is a direct endorsement lender for HUD and VA,
a seller of Fannie Mae and Freddie Mac loan products. Formerly
known as First Concord Mortgage, the name was changed to MoneyTree
Lending in 2000 to re-engineer it as a nationwide mortgage service
provider. The name change embraces its national platform and its
new corporate culture.
For more information about MoneyTree Lending, visit its Web site at www.moneytreelending.com.
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