Vendors Partner to Allow for Straight-Through Processing

Ellie Mae, Dublin, Calif.,-based loan origination vendor, and Alpharetta, Ga.-headquartered workflow and e-collaboration vendor Advectis have partnered to enable mortgage originators to transmit their electronic loan documents via Ellie Mae¹s LenderConnect solution to lenders using Advectis' BlitzDocs.The companies pointed out at the MBA Technology Show, Tampa, Fla., that originators 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 lender¹s BlitzDocs site. eFolder documents can include items such as settlement service reports, borrower documents like W2s and bank statements, and signed disclosure forms. LenderConnect is Ellie Mae¹s 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 broker¹s Encompass system to the BlitzDocs network. Ellie Mae can be found on the Web at http://www.EllieMae.com and Advectis can be found on the Web at http://www.advectis.com .