Industry News

Advectis tool electronically delivers real estate loan packages

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Electronic loan documents can now be transferred quickly and easily to one of the nation's leading residential mortgage loan originators thanks to a new connector created by Advectis, the companies said today. Electronic mortgage document collaboration provider Advectis has developed a connector that enables customers using its BlitzDocs collaboration software to electronically deliver electronic loan folders to Michigan-based Flagstar Bank's imaging systems. The standards used in these exchanges are in accordance with theMortgage Industry Maintenance Organization (MISMO), the companies said. Flagstar Bancorp, which has $14.9 billion in total assets, is the second-largest banking institution headquartered in Michigan. Flagstar operates more than 125 banking centers in Michigan, Indiana and Georgia and has home loan centers in 27 states. BlitzDocs Connector is a component of the BlitzDocs Collaboration Suite, which enables mortgage loan professionals to capture, submit, organize, ...