Mortgage technology firm Voxtur Analytics Corp. announced on Thursday it has partnered with a leading aggregator in an exclusive deal to provide trading functions tools.
Blue Water Financial Technologies, the
Terms of the deal with the unnamed aggregator were not disclosed. The aggregator works with multiple originators, according to a Voxtur press release.
"Through this partnership, we will deliver an extensive transaction experience for a major servicing aggregator and its customers," said Blue Water President Alan Qureshi.
"This will create and secure steady revenue streams for all parties within the ecosystem and create an entry point for investors to participate in these unique market conditions," he said.
Toronto and Tampa, Florida-based Voxtur acquired Blue Water in a deal totaling $101 million this summer. Prior to its expansion into secondary market technology from the deal, Voxtur was known primarily for providing services aimed at the automation and streamlining of tax, valuation and settlement related to real estate purchases and originations. In 2021, Voxtur purchased Xome Valuations, formerly a Mr. Cooper subsidiary.
Voxtur also offers a new attorney-opinion letter product specifically designed for
The use of title alternatives received a boost earlier this year when Fannie Mae announced it would allow for limited use of such letters, which can offer consumers cost savings. The move has been opposed by the American Land Title Association, which competes with AOLs to a degree. ALTA has been critical of the fact that the letters don't include coverage provided by insurance.
