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Advectis Expands Network with Four New Customers
Electronic collaboration streamlines processes
and supports top-quality service
ATLANTA, May 22, 2007 – Advectis®, Inc., provider
of the most widely-used solution for electronic mortgage
document collaboration, announced that four companies have
selected BlitzDocs® Collaboration Suite for electronic
document submission, image-based underwriting and electronic
loan delivery. The four companies are Capstone Direct,
Inc., Sterling National Mortgage Company, Inc., United
Mortgage Corporation and Washington Financial.
"Having these companies select BlitzDocs is a true
testament to the benefits that an ever-growing collaborative
document
network can provide a company," said Greg Smith,
president and CEO of Advectis. "We are excited to
know that these four new customers will use BlitzDocs to
streamline processes and provide better service to their
customers."
Capstone Direct, a full-service direct mortgage lender
headquartered in California, focuses on providing the best
rates and customer service. Capstone Direct selected BlitzDocs
to support its customer service initiatives and plans to
integrate the solution with its loan origination system.
Sterling National, a New York-based full-service banking
institution, is using BlitzDocs’ investor delivery
capabilities to streamline processes, speed up funding
and reduce funding stipulations. With the post-closing
operation paperless, Sterling will also use the recently
announced Harland integration with BlitzDocs to enable
a seamless connection with its loan origination system.
United Mortgage is a licensed mortgage lender headquartered
in Florida. Wanting to have a paperless process, United
Mortgage chose BlitzDocs to enable centralized paperless
processing and underwriting, as well as provide strong
investor delivery capabilities.
Washington Financial, headquartered in Seattle, is a retail
operation that needed a multi-use solution that provided
anytime, simultaneous access to an electronic loan folder.
Washington Financial chose BlitzDocs to enable paperless
processing and underwriting for its net branch participants.
Washington Financial will also use BlitzDocs for electronic
loan delivery to the secondary market.
"These clients represent various aspect of the mortgage
industry, and their selection of BlitzDocs shows the application’s
ability to improve a company’s business strategy
by creating an environment of efficiency," 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 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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