Xerox Helps Mortgage Clients Improve Loan Processes with Enhanced Electronic Document Solution
ROCHESTER, N.Y.--(Business Wire)--
Arming the mortgage industry with the technology to revamp its
business processes, drive cost savings and improve customer service,
Xerox Corporation (NYSE:XRX) introduces new features to its
BlitzDocs(R) 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(R) 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.
Note: Xerox Mortgage Services is located at booth 311 at the 2008
MBA National Technology in Mortgage Banking Conference and Expo. For
more information on Xerox, visit http://www.xerox.com or
http://www.xerox.com/servicesnews. For open commentary and industry
perspectives, visit http://www.xerox.com/blogs or
http://www.xerox.com/podcasts.
Xerox(R), the Xerox wordmark and the spherical connection symbol
are trademarks of Xerox Corporation in the United States and/or other
countries.
Customer:
For more information about Xerox Mortgage Services and
the BlitzDocs Collaboration Suite, visit
http://www.xerox-xms.com.
or
Media:
Xerox Corporation
Falynne Smith, +1-585-423-1391
falynne.smith@xerox.com
or
Text 100 for Xerox Corporation
Jessica Troskosky, +1-585-697-2610
jessicat@text100.com
Copyright Business Wire 2008
