Triad Guaranty Insurance Corp., a subsidiary of Triad Guaranty Inc., Winston-Salem, N.C., has joined the BlitzDocs Certified Underwriting Provider Program.The certification allows Triad to review and underwrite electronic files directly from lenders using BlitzDocs systems from Alpharetta, Ga.-based Advectis Inc. To become certified as a BlitzDocs Certified Underwriting Provider, Advectis said a company must have a minimum of six trained BlitzDocs underwriters on staff, be a member of the Mortgage Bankers Association, demonstrate a core competency in underwriting, offer contract underwriting services to customers, and comply with basic interface requirements. Advectis can be found on the Web at http://www.advectis.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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