BlitzDocs Enhances Investor Delivery

Advectis, a provider of electronic mortgage document collaboration, recently enhanced the capabilities of its BlitzDocs Collaboration Suite. The new capabilities include better password management, configuration and additional investor delivery options.

Greg Smith, president and CEO of Advectis, said in a news release that the new capabilities were developed in partnership with lenders that use BlitzDocs.

"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 Service model, lenders can take advantage of these capabilities quickly, with minimum maintenance or disruption. We will continue to make enhancements to our patented technology to provide greater value in our collaborative document network."

Advectis said the new capabilities continue to streamline loan processing from capture and submission through the sharing and delivery of electronic loan documents. BlitzDocs provides an electronic folder that mirrors the paper loan folders used today in an effort to improve workflow efficiency. The company's data network allows participants to capture, underwrite, audit, share, deliver and archive loan documents.

The changes include additional support for electronic loan delivery to investors and due diligence providers, the company said. Those firms include Countrywide Home Loans, Wells Fargo Mortgage, GMAC-RFC, EMC, CitiMortgage, Chase Correspondent Lending, Aurora Loan Services, Credit Suisse, Impac Funding Corp., Flagstar Mortgage and Clayton. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com