Voxtur Announces End-To-End Solution for Property Data Collection in Support of GSE Appraisal Modernization
August 29 2023 - 8:00AM
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, announces the launch of Voxtur Data Collection, or
VDC, a comprehensive solution for Property Data Collection.
VDC is powered by Voxtur’s Walkthrough
technology, a web-based interface that ensures complete and
compliant universal data collection. Its holistic approach ensures
that one inspection will meet the requirements for Fannie Mae value
acceptance + property as well as for other data sets. It is
compatible with all smart phone types, allows for instantaneous
content updates and easily integrates sketch completion into the
process.
While Walkthrough provides the ultimate data
gathering interface, Voxtur enhances its offering with a seasoned
and proficient national panel of agents and appraisers who undergo
comprehensive training and testing to be aligned to the data
collection products. The combination of a well-versed collector, a
robust inspection tool, and an established team of QC personnel
allows Voxtur to enter this market uniquely positioned to support
the GSEs and its clients.
"Voxtur is dedicated to supporting the ongoing
initiative of the GSEs to modernize the appraisal process, as this
aligns with our overall mission to build a better, stronger real
estate ecosystem," said Voxtur CEO, Gary Yeoman. "The introduction
of VDC brings a comprehensive data collection solution to the
marketplace that will greatly elevate the way that inspection data
is gathered and assessed. We are excited to bring to market real
solutions that will have a positive impact on appraisals.”
The Voxtur VDC products facilitate alignment
with the GSE focus on appraisal modernization and are available in
all 50 states.
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 future growth,
financial performance and objectives and the Company’s strategic
initiatives, plans, business prospects and opportunities. These
forward-looking statements reflect management’s current
expectations regarding future events and the Company’s financial
and operating performance and speak only as of the date of this
press release. By their very nature, forward-looking statements
require management to make assumptions and involve significant
risks and uncertainties, 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
anticipated financial performance of the Company 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: additional costs related to acquisitions,
integration of acquired businesses, and 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 related to defaulted mortgage loans, and
the failure of clients to send foreclosure and bankruptcy referrals
in volumes similar to those prior to the COVID-19 global pandemic;
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. Factors relating to the Company’s
financial guidance and targets disclosed in this press release
include, in addition to the factors set out above, the degree to
which actual future events accord with, or vary from, the
expectations of, and assumptions used by, Voxtur‘s management in
preparing the financial guidance and targets.
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 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 TSX
Venture Exchange 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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