American Mortgage News

Leading mortgage firm taps solution to reduce costs during loan delivery

ATLANTA--Advectis®, Inc., provider of the most widely-used solution for electronic mortgage document collaboration, announced that it has released BlitzDocs Connector for loan document image delivery to Wells Fargo. In addition, Wells Fargo has also joined the BlitzDocs Networked Investor Program.

Using BlitzDocs Connector for Wells Fargo, correspondent sellers are able to deliver imaged mortgage loan documents to Wells Fargo for investor delivery. As a BlitzDocs Networked Investor, Wells Fargo will have access to the BlitzDocs collaborative electronic document network. Wells Fargo will be able to receive electronic loan folders from lenders and correspondent sellers already using BlitzDocs.

BlitzDocs Connector provides correspondent sellers the ability to deliver imaged mortgage loan documents to the proprietary document management or image archiving systems used by an investor, due diligence provider or other third party. The solution, which supports bulk, mini-bulk and flow loan delivery, automatically maps document types and names between sellers and buyers.

BlitzDocs Connector is a component of the BlitzDocs Collaboration Suite. With this solution, investor delivery deficiencies are satisfied, and with the click of a mouse, easily delivered from one party to another.

“Leading mortgage firms realize the advantages of tapping into the BlitzDocs network to streamline image-based delivery of funded loans and reduce the costs associated with loan delivery,” said Mike Parham, vice president of business development at Advectis. “Our correspondent sellers benefit from the addition of Wells Fargo to the rapidly growing list of BlitzDocs Networked Investors.”

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 30,000 broker shops, the top seven mortgage insurance companies and three of the top due diligence providers. Collectively, BlitzDocs investor participants represent more than 65 percent of loans purchased in the secondary market. For more information call (877) 200-8700 or visit www.advectis.com.