Voxtur To Acquire Digital Mortgage Asset Platform
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company aiming to create a more transparent and accessible real estate lending ecosystem, announced that its wholly-owned U.S. subsidiary, Voxtur Analytics US Corp., executed a purchase agreement (the “Agreement”) on August 12, 2022 for the acquisition of all of the issued and outstanding membership interests (the “Acquisition”) of Blue Water Financial Technologies Holding Company, LLC (“Blue Water”).
Blue Water delivers SaaS-based solutions to investors trading mortgage servicing rights (MSRs) and whole loans to improve profitability, reduce risk, and increase liquidity of mortgage asset portfolios. Blue Water’s core analytic capabilities and advanced technology solutions are critical elements in an end-to-end mortgage asset solution. Blue Water’s platform is actively used by originators today and spans pricing, trading, commitment, pre-funding quality control, transfer, due diligence, and servicing oversight of various types of mortgage assets. This highly strategic acquisition will bring Voxtur’s technology suite to the secondary market, providing a natural attachment point and synergistic opportunities to both client bases.
Blue Water is a provider of asset valuation, MSR distribution, MSR hedging, and digital solutions to MSR investors and mortgage lenders. By providing originators and investors the ability to view portfolios and analyze transactional data in real-time, the platform creates a one-stop shop to drive greater liquidity of mortgage assets. Blue Water uses a single platform across all investor types to mitigate timing risk and account for rate changes. Further, cost-minded originators use the platform to reduce margin exposure, lower costs, and streamline their secondary market post-close operations.
Blue Water’s self-service technology is able to replicate any investor pricing and modeling construct in real time to provide a unique solution tailored to its clients, including private equity investors and investment banks. Blue Water offers a turnkey solution to small financial institutions to source assets in a compliant manner with scale and efficiency. Blue Water manages a dynamic order book that allows systemically important financial institutions (SIFIs) to engage with different originators in a user-friendly asset sourcing SaaS offering.
This technology allows a broad investor base to dynamically engage with originators and control their prospects based on asset preference, while giving originators free access to buyer-side liquidity. Separately, Blue Water’s automated advisor platform provides a springboard for investors to source product and deploy capital by leveraging the combined entities comprehensive services.
Founded in 2018, Blue Water has a revenue compounded annual growth rate of 262% from 2019 to 2021. Additionally, Blue Water generated positive net income for 2020 and 2021.
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