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Xerox Integrates New E-Document Functionality.

Mortgage Servicing News

| June 01, 2008 | Garritano, Anthony | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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.

Were always looking at new technologies, said Greg Smith, vice president and general manager, Xerox Mortgage Services. Weve integrated some Xerox technology, namely Dataglyphs. Were 120 or 130 days into the acquisition. Weve seen a lot of interesting things in the Xerox arsenal. One of the things that interested us was the glyphs.

One of the challenges weve 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.

Well be one of the business units to really bring this to life, said Mr. Smith. Its a series of dashes that dont look like a typical barcode, but theres redundancy built in. If someone draws through a barcode or if theres a fax line that goes through a barcode, it throws everything into chaos. With this theres redundancy in it so its not thrown off if someone writes over it.

Its a different way to encode data in a barcode. Its also flexible in terms of size and shape. People ...

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Source: HighBeam Research, Xerox Integrates New E-Document Functionality.

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