I love to tell you about creative alliances that I think improve the mortgage process. In this case, National Mortgage Insurance Corp. (National MI), a subsidiary of NMI Holdings, Inc., is now directly integrated with the Xerox Mortgage Services’ BlitzDocs intelligent collaborative network. The integration provides lenders with improved efficiency in working with National MI through a secure, enhanced document image exchange.
BlitzDocs is delivered as a cloud-based mortgage technology system and enables lenders to e-Ship or transmit documents in a paperless format, according to Ken Marlin, vice president, general manager with Xerox. Its electronic loan folder (eFolder) mirrors a traditional loan folder and only includes the documents both parties agree are needed, so unnecessary documents are eliminated. “eFolder increases productivity and accelerates the loan process while reducing paper costs and eliminating shipping fees,” Marlin said.
BlitzDocs’ advanced security settings enable all industry participants to work together on the same set of documents throughout the entire loan process to streamline process efficiencies and promote accuracy of loan data.
“Joining forces with Xerox allows our lender customers who use BlitzDocs to transmit their documents easily,” said Pete Pannes, executive vice president and chief sales officer with National MI. “It’s another option we offer our customers to transmit loan documents electronically and securely.”
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.