Industry News

Advectis tool electronically delivers real estate loan packages

New solution extends paperless processing

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, ...