The current market leaders could run into some challengers.
National Mortgage Insurance Corp. said it is now directly integrated with the Xerox Mortgage Services' BlitzDocs intelligent collaborative network.
According to a release from the company, 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.
"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."
National Mortgage Insurance Corp., a subsidiary of NMI Holdings, is a U.S.-based, private mortgage insurance company.
Xerox provides business services, printing equipment and software for commercial and government organizations.
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