The New UAD: Practical Implications
August 12, 2024
In my articles “From Forms to Reports: A Look at the UAD Overhaul” and “The New UAD: Don’t Borrow Trouble,” we explored the fundamental changes brought about by the new UAD standards and addressed common concerns within the industry. In this final article, we will look more closely at the practical implications of these changes. How will lenders order appraisals without standard form numbers? How will appraisers price their services based on the dynamic nature and the scope of work concept? How should appraisers prepare themselves now for the upcoming changes in UAD? And how can we be ready for the champion-challenger selection of software?
Read more: The New UAD: Practical ImplicationsVoxtur Partners with University Bancorp in Strategic Partnership: Acquisition of 50.5% in Bluewater Stake for $30 Million USD
July 30, 2024
Voxtur is pleased to announce the signing of a definitive agreement on Friday July 26, 2024, to establish a groundbreaking strategic joint venture with University Bancorp, Inc. (OTCQB: UNIB). Under the terms of the agreement, University Bancorp, Inc. (“University”) will lead a group of strategic mortgage industry investors, acquiring a 50.5% stake in Blue Water Financial Technologies Holding Company, LLC, an indirect subsidiary of Voxtur (“Blue Water”), for an upfront cash payment of $30M USD, plus a $9.5M USD earnout subject to the platform hitting certain financial milestones (the “Transaction”).
Read more: Voxtur Partners with University Bancorp in Strategic Partnership: Acquisition of 50.5% in Bluewater Stake for $30 Million USDVoxtur Announces Strategic Engagement with Deephaven to Enhance Mortgage Management
July 25, 2024
Voxtur Analytics Corp. is excited to announce a new strategic engagement with Deephaven, a prominent non-agency mortgage aggregator.
Read more: Voxtur Announces Strategic Engagement with Deephaven to Enhance Mortgage ManagementThe New UAD: “Don’t Borrow Trouble.”
July 15, 2024
Many in our industry are “borrowing trouble” when they prematurely conclude that the new UAD and GSE report writing requirements will be detrimental. Just as my father taught me to address challenges as they arise, rather than worrying about potential issues, we should approach these new requirements with an open mind, prepared to adapt and find solutions. In this article, I want to address some myths about what the future holds and introduce some possible solutions software providers are working on to proactively address these changes.
Read more: The New UAD: “Don’t Borrow Trouble.”Voxtur’s Jordan Ross Named Inman Best of Finance Award Winner
July 12, 2024
Voxtur Analytics (VXTR)is pleased to announce that Chief Investment Officer and Chief Operating Officer Jordan Ross has received Inman’s 2024 Best of Finance Award.
Read more: Voxtur’s Jordan Ross Named Inman Best of Finance Award WinnerVoxtur Announces Results of Annual and Special Meeting of Shareholders with Overwhelming Support for the Elected Management Director Nominees
June 28, 2024
Voxtur is pleased to announce the results of the Company’s annual and special meeting of shareholders (the “Meeting”) held earlier today, where all items of business proposed by the Company were approved by the shareholders of the Company (“Voxtur Shareholders”); namely resolutions setting the number of directors at four, the election of the Company’s nominated directors (see below), the appointment of MNP LLP as the Company’s Auditor, and the ratification of the Company’s Long-Term Incentive Plan.
Read more: Voxtur Announces Results of Annual and Special Meeting of Shareholders with Overwhelming Support for the Elected Management Director NomineesVoxtur Demands Transparency and Legal Compliance From Dissident Group
June 25, 2024
Voxtur Analytics Corp. echoes the concerns it has heard from shareholders of the Company (“Voxtur Shareholders”) and demands the basic accountability and transparency afforded under Canadian securities law from US-based private equity fund RPC Ventures I Fund LP (“Rice Park”), Nicholas Smith and their unnamed associates who form the Voxtur Shareholders for “Accountability” (the “Dissident Group”).
Read more: Voxtur Demands Transparency and Legal Compliance From Dissident GroupVoxtur Urges Shareholders to Vote Now to Protect Their Investment from Conflicted Private Equity Nominees
June 21, 2024
Voxtur Analytics Corp. acknowledges the recent announcement by a group of activist shareholders, led by US-based private equity fund Rice Park Capital Management LP (“Rice Park”), and receipt of director nominees (the “Private Equity Nominees”) for the upcoming Annual General and Special Meeting of shareholders (the “AGM”) scheduled for Friday, June 28, 2024, at 9:00 AM (Eastern Time).
Read more: Voxtur Urges Shareholders to Vote Now to Protect Their Investment from Conflicted Private Equity NomineesVoxtur Announces Issuance of Shares to Settle Debt with a Former Executive
June 11, 2024
Voxtur Analytics Corp. announces that it intends to issue (the “Issuance”) 987,487 common shares in the capital of the Company (“Common Shares”) at a deemed price of US$0.0769 (C$0.1044) per share, to settle the balance of a bonus owed to a former executive of the Company in the amount of US$75,931 (C$103,130) (the “Debt”).
Read more: Voxtur Announces Issuance of Shares to Settle Debt with a Former ExecutiveATTORNEY OPINION LETTERS VS. TITLE INSURANCE
June 6, 2024
Much of the industry is taking sides in the great debate of attorney opinion letters versus title insurance. Both sides seem to have strong feelings about why one is better or worse than the other, and there has been no shortage of commentary from both parties battling this out in the press.
Read more: ATTORNEY OPINION LETTERS VS. TITLE INSURANCE