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Advectis Announces Availability of BlitzDocs® Connector
for Wells Fargo
Leading mortgage firm taps solution to reduce
costs during loan delivery
ATLANTA, May 1, 2007 – Advectis®, Inc., provider
of the most widely-used solution for electronic mortgage
document collaboration, announced that it has released
BlitzDocs Connector for loan document image delivery to
Wells Fargo. In addition, Wells Fargo has also joined the
BlitzDocs Networked Investor Program.
Using BlitzDocs Connector for Wells Fargo, correspondent
sellers are able to deliver imaged mortgage loan documents
to Wells Fargo for investor delivery. As a BlitzDocs Networked
Investor, Wells Fargo will have access to the BlitzDocs
collaborative electronic document network. Wells Fargo
will be able to receive electronic loan folders from lenders
and correspondent sellers already using BlitzDocs.
BlitzDocs Connector provides correspondent sellers the
ability to deliver imaged mortgage loan documents to the
proprietary document management or image archiving systems
used by an investor, due diligence provider or other third
party. The solution, which supports bulk, mini-bulk and
flow loan delivery, automatically maps document types and
names between sellers and buyers.
BlitzDocs Connector is a component of the BlitzDocs Collaboration
Suite. With this solution, investor delivery deficiencies
are satisfied, and with the click of a mouse, easily delivered
from one party to another.
"Leading mortgage firms realize the advantages of
tapping into the BlitzDocs network to streamline image-based
delivery
of funded loans and reduce the costs associated with loan
delivery," said Mike Parham, vice president of business
development at Advectis. "Our correspondent sellers
benefit from the addition of Wells Fargo to the rapidly
growing list of BlitzDocs Networked Investors."
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 30,000
broker shops, the top seven mortgage insurance companies
and three of the top due diligence providers. Collectively,
BlitzDocs investor participants represent more than 65
percent of loans purchased in the secondary market. For
more information call (877) 200-8700 or visit www.advectis.com.
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