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Ellie Mae Partners with Advectis to Provide
Effortless Electronic Document Collaboration Between
Lenders and Brokers
Lenders can now receive documents straight
from the mortgage originator’s loan origination system
DUBLIN, CA — March 26, 2007 — Ellie Mae,
an award-winning provider of innovative software and
services
for the
mortgage industry, has partnered with Advectis®,
Inc., the provider of BlitzDocs® Collaboration Suite
the most widely used solution for electronic mortgage
document collaboration. The partnership enables seamless
connectivity between Ellie Mae’s Encompass® Mortgage
Automation System and BlitzDocs, and empowers mortgage
originators to easily transmit their electronic loan
documents via EllieMae’s LenderConnect solution
to lenders using BlitzDocs.
Used by forty of the nation’s top 100 lenders,
including eight of the top 10, LenderConnect is Ellie
Mae’s electronic delivery solution that enables
loan originators and lenders to exchange loan file data,
underwriting conditions and loan status information with
the simple click of a button. The web-based BlitzDocs
collaborative document network allows mortgage participants
to capture, submit, underwrite, audit, share, deliver
and archive loan documents. As a result of this partnership,
lenders using BlitzDocs can sign up with Ellie Mae to
effortlessly receive loan documents straight from a broker’s
Encompass system to the BlitzDocs network.
Originators simply gather and store their loan documents
in the Encompass eFolder and the integration to BlitzDocs
allows for quick and easy uploading of eFolder contents
directly to the lender’s BlitzDocs site. eFolder
documents can include items such as settlement service
reports, borrower documents like W2s and bank statements,
and signed disclosure forms.
"Ellie Mae has always been focused on ease of use," states
Jonathan Corr, chief strategy officer of Ellie Mae. "With
our eFolder, we’ve enabled originators to effortlessly
gather electronic versions of critical loan documents,
and now our partnership with Advectis helps our customers
simplify and expedite receipt of those documents by the
lender. Lenders using our LenderConnect solution can
now use the BlitzDocs system to receive electronic loan
documents directly from the originator’s Encompass
system, all with very little effort on their part. We’re
expanding our solutions to bring even more benefit to
brokers and lenders alike."
"Using our open SOA-based web-services interface,
EllieMae and Advectis were able to quickly and easily
integrate
our respective solutions" said Greg Smith, CEO
and president of Advectis, Inc. "Lenders can begin
using the joint solution as soon as they’re connected."
Electronic collaboration between lenders and brokers
saves time and money for both parties. “By connecting
the originator’s eFolder system to the lender’s
BlitzDocs site, lenders can cut costs that would otherwise
be spent on the gathering, sorting and inputting of data,
while also reducing the likelihood of data entry mistakes
and minimizing the potential for lost documents,” adds
Smith.
About Ellie Mae
Ellie Mae, an award-winning provider of software and
services for the mortgage industry, offers a comprehensive
line of solutions that includes the company’s flagship
Encompass® mortgage automation system, Contour™ and
Genesis 2000® loan origination software, and the
ePASS® Network. Recently awarded Mortgage Technology
magazine’s Synergy Award, Ellie Mae is the choice
of over 50 percent of the industry for loan origination
solutions. Encompass is deployed by over half of the
nation’s top 250 brokers, including seven of the
top ten, and over one third of the nation’s $3
trillion in loans pass through the ePASS Network, the
industry’s online transaction platform enabling
mortgage companies in the United States to easily do
business online with dozens of leading lenders and thousands
of settlement service providers. Ellie Mae is based in
Dublin, California. To learn more about Ellie Mae, visit
www.EllieMae.com or call (888) 955-9100.
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 25,000
broker shops, the top seven mortgage insurance companies
and three of the top due diligence providers. Collectively,
BlitzDocs investor participants represent more than 60
percent of loans purchased in the secondary market. For
more information call (877) 200-8700 or visit www.advectis.com.
Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered
trademarks, and Contour, Encompass Websites, and Ellie
Mae Docs are trademarks, of Ellie Mae, Inc. All rights
reserved.
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