15:57:34 EDT Wed 15 May 2024
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USA
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Voxtur Analytics Corp
Symbol VXTR
Shares Issued 594,761,289
Close 2023-06-06 C$ 0.165
Market Cap C$ 98,135,613
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Voxtur to provide Blue Water platform to U.S. lender

2023-06-06 21:04 ET - News Release

Mr. Gary Yeoman reports

VOXTUR ANNOUNCES EXCLUSIVE STRATEGIC PARTNERSHIP WITH TOP 3 MORTGAGE ORIGINATOR AND AGGREGATOR

Voxtur Analytics Corp. has entered into an exclusive strategic partnership with one of the largest FHA (Federal Housing Administration) and VA (Veterans Affairs) 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 multiyear, 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.

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