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Advectis Announces New Capabilities for BlitzDocs
Collaboration Suite
Enhanced electronic loan delivery, configuration
and policy management augment collaborative network
TAMPA, March 26, 2007 – Advectis®, Inc., provider
of the most widely-used solution for electronic mortgage
document collaboration, today announced at the Mortgage
Bankers Association (MBA) National Technology in Mortgage
Banking Conference new enhanced capabilities for BlitzDocs® Collaboration
Suite. The new capabilities include new features that
enable enhanced password management, configuration and
additional investor delivery options.
"These new capabilities were developed in partnership
with leading industry lenders who use BlitzDocs," said
Greg Smith, president and CEO of Advectis, Inc. "As
such; they are guaranteed to provide real value in scaling
the BlitzDocs solution in current and future lender deployments.
Since BlitzDocs is provided in a software-as-a-service
model, lenders can take advantage of these capabilities
quickly, with minimum maintenance or disruption. We will
continue to make enhances to our patented technology
to provide greater value in our collaborative document
network."
The enhanced capabilities continue to streamline loan
processing from capture and submission through the sharing
and delivery of electronic loan documents through the
BlitzDocs collaborative document network. BlitzDocs patented
technology provides an electronic loan folder that mirrors
the paper loan folder used today. BlitzDocs improves
workflow efficiency, drives better service and helps
lenders compete for more loans while reducing loan processing
costs.
New capabilities include:
Electronic loan delivery through additional BlitzDocs
connectors – Additional support for electronic
loan delivery (in flow, bulk or mini-bulk) to major investors
and due diligence providers via the BlitzDocs collaborative
network. BlitzDocs customers benefit from electronic
delivery to major industry investors and due diligence
providers, such as Countrywide Home Loans, Wells Fargo
Mortgage, GMAC-RFC, EMC, CitiMortgage, Chase Correspondent
Lending, Aurora Loan Services, Credit Suisse, Impac Funding
Corp., Flagstar Mortgage, Clayton and others.
Electronic delivery including the transformation for
document mapping and stacking order, dramatically reduces
the costs associated with loan delivery to the secondary
market. BlitzDocs Connectors use either a customer-defined
format or industry-standard formats such as the MBA’s
MISMO® SMART Doc® specification
Enhanced Configuration Capabilities – BlitzDocs
now employs new group and security policy configuration
enhancements that provide faster customer deployments
and simplify on-going administration.
- Enhanced user group management allows tailored configuration
of a lender-branded BlitzDocs site. The enhancement
allows users to be arranged in hierarchies supporting complex
lender requirements. Groups can easily be assigned
specific rights, views or capabilities according to job roles,
geographic assignments or position. This allows
more efficient setup and administration, including workflow.
- Support for group-based
restrictions that appropriately limit user selections
based on group hierarchies
or other functional relationships shared by users.
- Simplify creation and administration
of rules-based workflow notifications.
- New, more detailed
methods of defining the elements in the collaborative
loan folders — including
the ability to control access to folder “data”, “notes” and “documents” based
on a company’s business rules.
Expanded Security Policy Management – BlitzDocs
has enhanced configuration options to meet stringent
corporate security requirements. For example, BlitzDocs
customers can tailor BlitzDocs to support complex passwords,
expirations, limitations of reuse and mandatory change
frequency.
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.
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