Workflow tool creates seamless, efficient consumer experience
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a North American technology company creating a more transparent and accessible real estate lending ecosystem, has launched Voxtur Verify, a workflow software designed to simplify real estate transactions for title agents, underwriters and loan officers.
Voxtur Verify is a user-friendly dynamic questionnaire that solicits all relevant transactional data elements such as chains of title, possible involuntary liens, credit profiles, court records, state and federal alert systems, and more. The platform makes key real estate data accessible during critical decision-making steps in the real estate process, by asking the right questions at the right time. With Voxtur Verify, typical silos between loan, title, closing, and other workflows are eliminated to create a streamlined experience for all parties involved.
“Utilizing Voxtur Verify saves us approximately one to three hours per transaction by eliminating the need for our escrow teams to manually gather buyer/seller/borrower information via email or phone calls,” said Racquel Abowd, Chief Marketing Officer of Signature Title. “Our escrow team highly appreciates this technology.”
Once completed, these documents will return directly to the user’s LOS/POS files thanks to a seamless integration feature. Voxtur Verify also enables users to add customizable elements to accommodate their business’s specific needs, ensuring their loans are clear to close with efficiency and ease.
“We are thrilled to bring Voxtur Verify to market and watch how drastically it will improve the closing experience for our clients,” said Voxtur Chief Investment Officer Jordan Ross. “Voxtur’s mission has always been to leverage the latest tech to make real estate transactions faster, easier and more efficient. Voxtur Verify is an excellent example of how we are doing just that.”
Voxtur is a leading provider of advanced real estate technology solutions. With a mission to streamline and enhance the real estate industry, Voxtur leverages cutting-edge AI and machine learning technologies to provide innovative software applications and data-driven solutions. Recently, the company pioneered the re-emergence of Attorney Opinion Letters with its Voxtur AOL and led the successful push for GSE approval, which reduces closing costs for homebuyers by eliminating title insurance fees.
Voxtur’s comprehensive suite of products includes mortgage asset trading, property valuation solutions, title and settlement services, and property tax solutions, catering to the diverse needs of lenders and professionals in the real estate ecosystem. “Voxtur is on the forefront of the real estate industry’s push to bring greater simplicity and efficiency to the closing process,” Ross added. “With Voxtur Verify, we continue to prove our ability to bring solutions to market that instigate real change.”
About Voxtur:
Voxtur is a transformational proptech company that is redefining industry standards in a dynamic lending environment. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”). 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 completion of the Issuance; approval of the Issuance by the TSXV; expectations for the effects of certain milestones or the ability of the Company to successfully achieve certain business objectives; the effects of unexpected costs, liabilities or delays; success of software activities; 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: additional costs related to acquisitions; 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 or failure to implement technological upgrades; the Company’s dependence on maintaining intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein.
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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 Ross
Chief Investment Officer
Tel: (416) 708-9764
jordan@voxtur.com
For media inquiries:
Jacob Gaffney
Tel: (817) 471-7627
jacob@gaffneyaustin.com