- Voxtur (TSXV:VXTR) has signed a platform agreement with the Mortgage Collaborative
- The Mortgage Collaborative is the largest independent cooperative network in the U.S. for the mortgage industry that includes both community banks and non-bank lenders
- The platform verifies critical loan data, conducts a high-level review of underwriting and investor eligibility, and offers real-time exception remediation management
- Voxtur Analytics Corp. (VXTR) opened trading at $0.18 per share
Voxtur (TSXV:VXTR) has signed a platform agreement with the Mortgage Collaborative.
The Mortgage Collaborative is the largest independent cooperative network in the U.S. for the mortgage industry that includes both community banks and non-bank lenders.
Voxtur is providing its entire digital ecosystem to the Mortgage Collective’s 250-plus members.
Specifically, Voxtur’s mortgage asset trading platform, Blue Water, will deliver a software-as-a-service (SaaS) solution to facilitate the purchase and sale of mortgage assets, including first mortgage agency whole loans, mortgage servicing rights, second liens, and non-QM mortgages. The Blue Water platform facilitates pricing, trading, reviewing, transferring, and funding of mortgage assets and portfolios in the secondary market.
Voxtur’s CEO, Gary Yeoman commented on the news.
“Our mortgage asset trading platform is built to deliver high volume trading and create efficient liquidity. We have successfully deployed similar platforms and I am confident that TMC and its members will realize value.”
The Mortgage Collaborative’s Chairman, David Kittle, added that he expects that his company will see meaningful adoption of the platform.
“These have been difficult times for so many of our members and this type of platform will provide tremendous value to support them in driving revenue and solving for liquidity needs at scale.”
The platform verifies critical loan data, conducts a high-level review of underwriting and investor eligibility, and offers real-time exception remediation management. The Blue Water-TMC platform is expected to go live with a soft-launch within the next few weeks.
Voxtur Analytics Corp. is a real estate technology company that offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, and government agencies.
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Voxtur Analytics Corp. (VXTR) opened trading at $0.18 per share.
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