Voxtur Analytics Corp - VXTRF STOCK NEWS

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has appointed Nicholas Smith to its board of directors, effective immediately. This follows the resignation of Mark Volosov on December 13, 2022. Smith, with nearly 25 years of experience in mortgage finance, previously held executive roles at Blackstone Group and is the founder of Rice Park Capital. Voxtur's Executive Chairman, Gary Yeoman, expressed confidence in Smith's potential to contribute to the company's growth. Voxtur aims to enhance home ownership access and reduce borrowing costs through innovative technology.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) has announced an exclusive partnership with a prominent mortgage servicing aggregator through its capital markets division, Blue Water Financial Technologies. This collaboration will enhance mortgage asset transactions by providing tools for pricing, commitment, transfer, underwriting, and due diligence. Blue Water will supply advanced technologies, including its flagship products such as Blue Rate and MSR-X, to optimize the trading experience for mortgage servicing rights (MSRs). This partnership aims to create steady revenue streams and improve asset liquidity.

Voxtur Analytics Corp. (VXTRF) announced its Q3 2022 financial results with revenue growth of 44% compared to Q3 2021, totaling $35,544 thousand. Year-to-date (YTD) revenue increased by 100% over the previous year, reaching $114,446 thousand. The gross profit also saw a 42% rise for Q3 and 60% YTD. Voxtur is focusing on organic growth amid challenging macroeconomic conditions and is expanding its services, including a new title insurance alternative approved for Veterans Administration use.

Voxtur Analytics Corp. (VXTRF) will release its third-quarter financial results on November 29, 2022, after market close. These results will be available on SEDAR and the company's website. A conference call is scheduled for November 30, 2022, at 9:00 a.m. ET, where executives will discuss the financial outcomes. Investors can access a replay of the call until February 28, 2023. Voxtur specializes in real estate technology, providing analytics and services throughout the lending lifecycle, primarily in the U.S. and Canada.

Voxtur Analytics Corp. (VXTRF) announced that its Voxtur Attorney Opinion Letter (AOL) is now a compliant alternative to title insurance for VA loans, following updates to the VA Lenders Handbook on October 12, 2022. Effective September 29, the handbook has revised provisions regarding title insurance to include Attorney Opinion Letters, enhancing options for VA lenders. The Voxtur AOL aims to lower homeownership costs for veterans, potentially saving borrowers significant amounts, including entire mortgage payments. This initiative supports the company’s goal of making homeownership more affordable.

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the grant of 1,232,863 stock options and 1,754,565 restricted share units to certain officers as part of its Long-Term Incentive Plan. The stock options, priced at CAD$0.48, will expire in five years if unexercised. A portion of the options vested immediately, while others will vest over the next two years. Similarly, the RSUs will vest over a three-year period. This initiative aims to align the interests of the management team with the company’s long-term performance.

Voxtur Analytics Corp. has successfully completed the acquisition of Blue Water Financial Technologies, valued at approximately US$101 million. The deal includes a $30 million cash payment and 170 million common shares, enhancing Voxtur's revenue in both primary and secondary mortgage markets. Blue Water, with US$18 million in revenue for the TTM ending July 31, 2022, will synergize with Voxtur's data solutions. Additionally, Voxtur is expanding its credit facilities by US$30 million to support the acquisition.

Voxtur Analytics Corp. (VXTRF) announced a new product, the Voxtur Attorney Opinion Letter (AOL), which serves as a cost-effective alternative to title insurance for lenders and consumers. This launch involves partnerships with several lenders, including a major bank. The Voxtur AOL enhances lender profitability through competitive pricing and reduced risk while offering comprehensive coverage for home loans. CEO Jim Albertelli emphasized the goal of making homeownership more accessible amid rising housing costs.

Voxtur Analytics Corp. (VXTRF) reported strong financial results for Q2 2022, with revenue up 111% year-over-year, reaching $38 million, and year-to-date revenue increasing 143% to $78.9 million. Gross profit also saw substantial growth, up 53% to $12.7 million in Q2 and 72% year-to-date to $26.6 million. The company is focused on innovation, launching several new technology solutions and acquiring Blue Water Financial, enhancing its capabilities in the U.S. capital markets. The outlook remains positive as Voxtur aims for continued growth and operational excellence.