Voxtur to provide legal opinion on VA mortgages, The Canadian Business Journal

TORONTO & TAMPA, Fla., Oct. 17, 2022 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or “We”) Creates More Transparent Data A North American technology company. The Voxtur Attorney Opinion Letter (“Voxtur AOL”), published today following an update to the VA Lenders Handbook (VA Brochure 26-7, Chapter 9) released on October 12, 2022, is now available to VA Direct and Available as a fully compliant alternative to title insurance for VA-backed mortgages.

The Department of Veterans Affairs (VA) released an update to its lender handbook last week, including language on using an attorney’s opinion in lieu of title insurance. VA has never required a lender making a VA loan to obtain title insurance, stating in the lender’s handbook that the lender may instead apply its own title insurance requirements to her VA loan transactions. Effective September 29, 2022, the Lenders Handbook has amended its title insurance provisions to include an attorney’s opinion.

Voxtur continues to drive innovation and change for the benefit of consumers with Voxtur AOL. Voxtur AOL is one of the only fully guaranteed title replacements available. The company continues to gain momentum in his Voxtur AOL deployment after Fannie Mae announced in April that he had accepted a letter of attorney. This change to the VA Lenders Handbook will allow Voxtur to further its mission to reduce the cost of home ownership by extending benefits to veterans.

Voxtur CEO Jim Albertelli said: “The desire to support veterans, service members and their survivors has always been the driving force behind Voxtur AOL.

Voxtur AOL combines the strength of legal opinions with the efficiency and scalability of data-driven property reviews. With advanced data analysis and legal expertise, we produce accurate and extensive legal opinions. Each Voxtur AOL is backed by professional trade insurance that covers the full amount of the loan for the life of the loan.

As agency acceptance and lender involvement become more widespread, Voxtur’s goal of creating more affordable homeownership for all Americans becomes more real.

Stacy Mestayer, Chief Legal Officer at Voxtur, said: “Voxtur AOL can save borrowers, including veterans, in some cases as much as the entire mortgage payment. It’s a meaningful change.”

Voxtur AOL is available in all states through strategic partnerships with lenders and service providers.

For more information, please visit our website www.voxtur-aol.com.

About Boxster

Voxtur is an innovative real estate technology company redefining industry standards in a dynamic lending environment. The Company provides targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the loan lifecycle for investors, lenders, government agencies and servicers. Voxtur’s unique data hub and workflow platform more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax valuations. The Company serves the public and private real estate lending and property tax sectors in the United States and Canada. For more information, please visit www.voxtur.com.

Voxtur’s common stock trades on the TSX Venture Exchange under the symbol VXTR and in the United States on the OTCQB under the symbol VXTRF.

contact:
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Chief Investment Officer
Phone: (416) 708-9764
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