Industry News

Advectis’ mortgage document network expands

Growth shows industry shift toward paperless processing

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Advectis' electronic mortgage document collaboration network has experienced rapid growth in participation to more than 10,000 brokers within the last three years, the company announced today. Advectis' BlitzDocs Collaboration Suite enables a collaborative electronic document network for all participants in the mortgage loan industry to capture, submit, organize, underwrite, audit, share and deliver loan documents electronically. Expansion of the company's electronic document network shows that the effort toward a digital, more streamlined real estate transaction is moving along. Advectis has expanded broker participation in the BlitzDocs network tenfold to over 10,000 brokers within the last three years. Additionally, lender participation in the network has increased from a few lenders to more than thirty retail and wholesale mortgage lenders, including four of the top 10 lenders, in the same time frame. Other mortgage participants who have helped fuel network growth include the ad...