Xerox Makes Paperless Mortgage Faster and Easier; Adds Closing Agents to its Network

HOLLYWOOD-FT. LAUDERDALE, Fla. -- Xerox Corporation (NYSE:XRX) is expanding the benefits of paperless loans to closing agents with the newest release of BlitzDocs® eXtended Edition (XE). The new software connects participants electronically so they can work together to process loans without delays or bottlenecks.

BlitzDocs XE now allows third party closing agents to view and manage loan packages from lenders in one central place. Loan activity is tracked and reported back to BlitzDocs XE, eliminating the need for agents to call and check on package deliveries. Thorough auditing tools are built in to record and track the entire process.

The new software also includes an optional print and mail service for borrowers. BlitzDocs XE can be configured to submit loan documents to Xerox’s delivery center for printing and mailing to borrowers who choose not to complete the package electronically. With this service, materials are automatically mailed to the borrower within the appropriate timeframe required by law. This eliminates the need for lenders to manually check on the completion status of the documents and builds in an audit and tracking process.

“We continue to take steps forward to improve the paperless mortgage process for our customers,” said Nancy Alley, vice president, product management, Xerox Mortgage Services. “The latest version of BlitzDocs widens the circle of participants that can work together electronically and provides additional compliance safeguards for lenders.”

Xerox Mortgage Services will be in booth No. 308 at the MBA’s National Technology in Mortgage Banking Conference & Expo 2011, March 27-30, at The Westin Diplomat in Hollywood-Fort Lauderdale, Fla.

Availability
The newest release of BlitzDocs eXtended Edition will be available this Spring.

About Xerox
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 136,000 people of Xerox serve clients in more than 160 countries. For more information, visit http://www.xerox.com, http://news.xerox.com, http://www.realbusiness.com or http://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor.