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Atlanta -- On the heels of the Xerox acquisition of BlitzDocs, the new entity dubbed Xerox Mortgage Services is using technology from its parent to enhance electronic document management functionality for its users.
"We're always looking at new technologies," said Greg Smith, vice president and general manager, Xerox Mortgage Services. "We've integrated some Xerox technology, namely Dataglyphs. We're 120 or 130 days into the acquisition. We've seen a lot of interesting things in the Xerox arsenal. One of the things that interested us was the glyphs.
"One of the challenges we've had from the get go is trying to put barcodes on the forms. Somebody with a loan skill set should be able to fax that in, it should be registered so we know what the document is and it should go right into an e-loan folder. I was interested in getting those barcodes of the document and move that e-doc to the closing table."
Specifically, 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.
"We'll be one of the business units to really bring this to life," said Mr. Smith. ...