Advectis Inc., Alpharetta, Ga., has released BlitzDocs Collaboration Suite, an application that provides a collaborative network for mortgage brokers, correspondents, lenders, investors, and other third parties.The product line includes BlitzDocs Enterprise, BlitzDocs Deliver, and BlitzDocs Connector. BlitzDocs Enterprise provides lenders with electronic document collaboration, enabling all participants in the mortgage industry to capture, submit, organize, underwrite, audit, share, and archive loan documents electronically, the company said. BlitzDocs Deliver enables investors or correspondent buyers to provide their correspondent sellers with the ability to transmit closed loan documents electronically. Advectis can be found on the web at http://www.advectis.com.
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The bill's signing comes weeks after one of the most notorious NTRAP providers agreed to legal settlements in two states, nullifying existing contracts.
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Mortgage activity fell 3.8% from one week prior for the week ending Dec. 12, led by a 4% drop in refinance applications, the Mortgage Bankers Association said.
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The deal significantly grows United Wholesale Mortgage's servicing portfolio, and it will increase the float on its common stock, making it more investable.
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The lawsuit is the latest scrutiny over personnel moves this year at the companies under the purview of U.S. Federal Housing Finance Agency Director Bill Pulte.
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The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years.
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Hart, who came over from Ellie Mae, starts in the position of Jan. 1, as Tim Bowler moves to a new role within ICE's Fixed Income and Data Services division.
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