ROCHESTER, N.Y., March 17,
2008 -- Arming the mortgage industry with the technology to revamp its business
processes, drive cost savings and improve customer service, Xerox Corporation
introduces new features to its BlitzDocs™ Collaboration Suite. One of the
most widely-used electronic solutions to view and deliver mortgage documents,
BlitzDocs now offers a quicker and more secure way to process new or re-financed
home loans.
Xerox Mortgage Services' Web-based BlitzDocs software helps
users manage the entire loan process online, from submission to completion.
BlitzDocs' patented technology helps lenders, brokers and investors reduce document-related
costs and build a competitive advantage in capturing new loan applications.
"The BlitzDocs' enhancements are timely for an industry
that must respond to an ever-changing marketplace while maintaining outstanding
customer service," said Greg Smith, vice president and general manager,
Xerox Mortgage Services. "Xerox technology, along with BlitzDocs' features,
offers lenders the means to accelerate the lending process -- and that's advantageous
to retail, wholesale and correspondent lenders."
New to the BlitzDocs suite is Xerox Dataglyphs™ technology,
a security feature that embeds computer-readable data to the paper. Information
regarding the mortgage loan is contained in the DataGlyphs, which act as a portable
database, offering increased security and automatic classification capabilities
throughout the loan process. DataGlyphs are flexible in shape and size unlike
most barcodes. They can store hundreds of times more data and can recreate themselves
when damaged or tampered.
Three new features have been added to simplify the uploading
and organization of documents to BlitzDocs, including:
- One-click document
submission solutions - Multiple documents can be uploaded, classified and
sorted into the BlitzDocs electronic loan folder with one click. A management
queue offers the added benefit of viewing, reordering and managing the documents
during the uploading process.
- Drag and drop
functionality - Paired with the existing one-click upload capability, this
feature allows users to simply drag and drop electronic documents from third-party
applications directly into a BlitzDocs e-folder.
- Document organization
support - Individual documents that are scanned, faxed or uploaded into a
BlitzDocs e-folder can now be indexed, merged, shuffled, and classified regardless
of their format, including TIFF and PDF documents.
In addition, Docu Prep and PriceMyLoan.com have joined Xerox
Mortgage Services' Certified BlitzDocs Provider Network. Members of the network
demonstrate a high level of expertise in the use of BlitzDocs and have trained
BlitzDocs professionals on staff.
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