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October 06, 2006
Homecomings Adopts BlitzDocs Tech
Homecomings Financial, a Minneapolis-based wholesale funding lender, says its mortgage brokers are now one step closer to a completely paperless mortgage process with the adoption of new Advectis BlitzDocs technology. Homecomings has selected BlitzDocs as its Web-based imaging system, which is now supporting more than 60% of the wholesaler's loan applications. BlitzDocs offers a secure collaborative electronic loan folder that is accessible simultaneously by the broker, underwriter, and account executive, Homecomings said. With each new application, the broker creates a loan folder, uploads, scans, or faxes in the documents, and submits the file to the branch for underwriting. The branch underwrites the loan and requests any additional conditions from the broker. When the broker submits new documents, the underwriting staff is automatically notified, eliminating delays and miscommunication in tracking down missing conditions, the company said. Homecomings Financial can be found on the Web at http://www.hfwholesale.com.
Posted by S. Germain at October 6, 2006 10:04 AM