|
< < back
Advectis’ BlitzDocs Solutions Doubles
Loan Volume During 2006
Milestones include a 226 percent increase
in number of loans processed through paperless solution
ATLANTA, Jan. 24, 2007 – Advectis®, Inc., provider
of the most widely-used solution for electronic mortgage
document collaboration, more than doubled the volume
of loans processed or delivered through its collaborative
document network in 2006. The company, which has grown
its employee base by more than 83 percent in 2006, also
grew revenue by more than 100 percent.
Advectis’ overall volume of 2006 loans in the BlitzDocs
network increased 226 percent from 2005. Advectis also
increased its customer base by 45 percent during 2006.
By the end of 2006, BlitzDocs users benefit from a network
of more than 20,000 broker shops, the top seven mortgage
insurance companies and three of the top due diligence
providers, and investor participants that represent more
than 60 percent of loans purchased in the secondary market.
Providing the mortgage industry with the capability for
electronic document collaboration, Advectis’ BlitzDocs
service enables all mortgage participants to capture,
submit, underwrite, audit, share and archive loan documents
electronically.
"We are proud to continue our leadership as the
number one network for mortgage document collaboration,"
said Greg Smith, president and CEO of Advectis, Inc.
"The
network collaboration enabled through BlitzDocs facilitates
a more organized workflow to expedite the loan process.
As our customer base continues to grow; our clients will
continue to take advantage of the service and efficiency
advantages of a larger network."
Other 2006 milestones included Advectis garnering a position
on Mortgage Technology’s Top-25 Service Providers
and enhancing the electronic document transfer and investor
delivery capabilities.
"We continually strive to promote and enhance electronic
collaboration," Smith said. "In 2007, we
will continue to remedy inefficiencies in the mortgage
industry caused by paper, enabling participants in the
BlitzDocs collaborative document network to save money
and time."
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.
Archived press releases from:
< < Current press releases
|
