Voxtur Analytics Corp., a North American technology company creating a more transparent and accessible real estate lending ecosystem, announced an exclusive, strategic partnership with one of the largest FHA and VA lenders in the United States to implement Voxtur’s mortgage asset trading platform, Blue Water’s new Correspondent-as-a-Service platform. More specifically, CaaS is a rules-based transaction platform that facilitates pricing, commitment, transfer and transaction of whole loans and mortgage servicing rights 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 multi-year, 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.
Latest Fintech News: Kinective Formed Through Strategic Combination of CFM, NXTsoft, and IMM
“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.”
Latest Fintech News: 3iQ and Stablecorp Announce Integration to Make Investor Onboarding More Accessible and Unlock Fully Digital Funds
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.”
Latest Fintech News: LTX by Broadridge Launches BondGPT Powered by OpenAI GPT-4
[To share your insights with us, please write to sghosh@martechseries.com]
