Voxtur’s (VXTR) Appraisal Volume Doubles
Voxtur Analytics Corp’s (OTCMKTS:VXTRF, CVE:VXTR) core technologies are leading the way for valuation modernization in the real estate industry. Voxtur’s acquisition of Appraisers Now Ltd (Anow) reinforces the “uberization” of the entire real estate transaction to create the future appraisal and valuation platform. Along with Voxtur’s other technologies, such as Clarocity Corp, Voxtur’s innovative product line is a valuation offering unlike anything else in the lending space. Since joining Voxtur’s ecosystem, Anow has seen double the workflow involving its appraisals and lending products.
Anow was created for real estate appraisers to manage their businesses better. A complete software as aservice (SAAS) solution to manage orders, pipeline, employees, financials, analytics, and more. An end-to-end solution so appraisers can concentrate on their core responsibility and go out into the field to make their money. For example, the platform can take an order from a lender through a loan origination system (LOS) integration. The order is then signed out to an appraiser with all the tools needed to help them finish the complete process in record time. The whole process can be completed in less than 2 hours.
The Anow solution improves the process for everyone — the appraiser, the consumer, the borrower, the lender. Everything is streamlined and connected. This platform is now fully integrated into the Voxtur ecosystem and connects not just appraisals but valuations as a whole, combining well with Voxturs other title and tax services. This business combination has allowed Anow to grow faster than before and, with all the support of Voxtur management and other tech, can now focus on bigger new projects.
“Since we’ve joined Voxtur, On the appraisers side of things, volume is still up. That is increasing quickly every month, but on our different products that we sell to lenders and appraisal management companies, we have deals right now that are double what we have been doing in the past. It’s a good thing we built our technology to be very scalable, but now it’s increased immensely. It’s very fun with Voxtur behind me.” – Appraisers Now Ltd. CEO Marty Haldane
Since April, Anow has seen a 20% increase in appraisal volume. The growth of its lender products, however, has seen increases of about 200%. These increases accrue directly to Voxtur’s bottom line.
Watch the full interview to learn how the Anow acquisition has bolstered Voxtur’s value proposition and has increased its workflow volume.
Transcript
00:00 – Anow CEO Marty Haldane
00:45 – Voxtur integration
01:51 – Appraisal volume
02:48 – Voxtur value proposition
05:14 – Mortgage moratorium
06:25 – Appraisal volume increase by numbers
08:27 – Competitive landscape
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