Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF)
(“Voxtur” or the “Company”), a North American technology company
creating a more transparent and accessible real estate lending
ecosystem, announced today an exclusive, strategic partnership with
one of the largest FHA and VA lenders in the United States to
implement Voxtur’s mortgage asset trading platform, Blue Water’s
new Correspondent-as-a-Service (“CaaS”) platform. More
specifically, CaaS is a rules-based transaction platform that
facilitates pricing, commitment, transfer and transaction of whole
loans and mortgage servicing rights (“MSR”) with a single click.
The system also comes bundled with Blue Water’s patent-pending,
loan-level pricing engine, an order management and allocation
system, and an ability to seamlessly route mortgage assets to
various investors based on their eligibility, pricing, and document
requirements.
Through a multi-year, exclusive agreement,
Voxtur will serve as the operating platform for pricing, trading,
and transacting mortgage assets. With Blue Water’s CaaS technology,
the lender will now be able to issue bids and deliver commitments
seamlessly through an integrated platform that interacts with more
than 400 mortgage originators.
“This is a key strategic relationship for Blue
Water and therefore, for Voxtur. The scale and reach of this client
are broad and deep across the industry. By providing liquidity and
price transparency through this platform, we expect to be able to
offer additional Voxtur solutions, making it a single point of
contact for the client,” said Al Qureshi, President of BlueWater,
Voxtur’s capital markets business line. “We just added hundreds of
additional mortgage originators to our platform. Those are sellers
using our software who are also hungry for efficiency and
liquidity. We are well-positioned to meet their needs and can
provide a suite of services designed to elevate their processes.
This is an exciting development for all parties involved.”
Further, Voxtur plans to expand the CaaS
platform to include additional mortgage asset classes and leverage
this partnership to deliver primary mortgage market solutions
available from Voxtur’s diverse suite of products, including
Voxtur’s AOL title insurance alternative, automated valuation
solutions, and on-demand underwriting. This will create a
single point of access for these mortgage originators to connect
with one of the largest mortgage investor bases in the United
States and will, in turn, give Voxtur exposure to a significant
number of additional mortgage originators.
“We are gaining market share and attachment
points to move not just our secondary market-related products
forward, but also our cutting-edge primary market solutions,” said
Gary Yeoman, Voxtur’s CEO. “We are gaining traction with these core
product offerings and creating a natural runway for adoption by our
origination and investment customers. I expect to see these
synergies manifest through deliberate execution and expect them to
create meaningful value.”
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify tax solutions, property valuation and
settlement services throughout the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur’s proprietary
data hub and workflow platforms more accurately and efficiently
value assets, originate and service loans, securitize portfolios
and evaluate tax assessments. The Company serves the property
lending and property tax sectors, both public and private, in the
United States and Canada. For more information, visit
www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: the effects of unexpected costs, liabilities or delays;
success of software activities; the competition for skilled
personnel; expectations for other economic, business,
environmental, regulatory and/or competitive factors related to the
Company, or the real estate industry generally; anticipated future
production costs; and other events or conditions that may occur in
the future. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
implementation of new products; changing global financial
conditions, especially in light of the COVID-19 global pandemic;
reliance on specific key employees and customers to maintain
business operations; competition within the Company’s industry; a
risk in technological failure, failure to implement technological
upgrades, or failure to implement new technological products in
accordance with expected timelines; changing market conditions;
failure of governing agencies and regulatory bodies to approve the
use of products and services developed by the Company; the
Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel:
(416)708-9764jordan@voxtur.com
For media inquiries:
Jacob GaffneyTel:
(817)471-7627jacob@gaffneyaustin.com
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