Jim Albertelli, CEO
Real estate property valuation and settlement are driven by notoriously inefficient processes. For too long, legacy systems and procedures have provided a narrow view of a property’s true value to key stakeholders, including lenders, mortgage servicers, government agencies, and retail investors. Moreover, a declining number of appraisers and a cumbersome appraisal process often results in long delivery timelines and an extended lending process overall. This inefficiency, together with a lack of visibility into the process, has increased the cost and risk of associated with mortgage lending and led to a greater sense of insecurity among lenders and investors.
In comes Voxtur to revolutionize the real estate tech space. With proprietary software and targeted data analysis, Voxtur provides visibility and efficiency throughout the lending process. With a keen understanding of the lending lifecycle, deep subject matter expertise, and state-of-the-art tax, title, and valuation platforms, the real estate tech company deploys its data-driven methodologies to authenticate property characteristics and drive efficiency. “Voxtur is a data-as-a-service and softwareas- a-service company that enhances the consumer experience throughout the loan life cycle,” says Jim Albertelli, CEO, Voxtur.
Blending Data with Service
Voxtur’s proprietary technology platforms elegantly combine SaaS services with data-driven solutions to provide a flexible and intuitive front-end graphical user interface (GUI). Voxtur also leverages artificial intelligence and machine learning to route optimized workflows for a more streamlined experience to benefit every stakeholder in the real estate ecosystem.
Voxtur’s property valuation solutions are diverse, providing solutions for all participants in the value chain. Anow is a technology platform that streamlines the appraisal process for appraisers and lenders by automating certain traditionally manual components, while Voxtur Valuation is an appraisal management company providing full service solutions to clients. Notably, the Voxtur senior management team is experienced and well-versed in the regulatory lending environment, so compliance is at the forefront of Voxtur’s valuation solutions. “Our valuation technology aggregates underlying real estate data sets and verified data inputs to deploy compliant software solutions for more transparency and more informed decision making throughout the lending process,” remarks Albertelli.
Further, Voxtur’s Real Property Tax Analytics (RPTA) solution brings clarity to tax assessments by verifying property values to validate property tax assessments levied by municipalities. Simultaneously, the Voxtur Verified data engine provides instant title data for a more comprehensive decisioning process. “We allow lenders to make quick and more efficient underwriting decisions,” Albertelli says. In a nutshell, Voxtur’s suite of solutions works overtime to deliver efficiencies and enhance the mortgage lending process from start to finish.
Delivering Efficiencies with a Difference
What gives Voxtur the leading edge in the industry is its team of illustrious stalwarts with extensive subject matter expertise in property and real estate tech. As the company’s largest shareholders, Voxtur senior management is deeply invested in its success.
Voxtur continues to innovate by finding ways to extract value from its data resources, create efficiencies, and deliver SaaS solutions to enhance core business processes for its clients. “We reduce costs for homeowners and mitigate risk for lenders, which resonates with investors,” states Albertelli.
Moving forward, Voxtur has a series of exciting developments lined up. Keen to expand both its B2B and B2C offerings, Voxtur will deliver more visibility directly to consumers and heightened accuracy in tax assessment, directly reducing the price of homeownership for consumers. Additionally, Voxtur is also seeing growth in the financial services sector through deployment of its cutting-edge bankruptcy technology.
That’s not all. “We’ll also support other consumer-facing industries by putting our validated data in the hands of fiduciaries so that they can more effectively manage multiple properties for the benefit of the property owners, reducing costs and also opportunities for fraudulent behavior in asset management,” informs Albertelli. Looking forward to organic growth across verticals in 2022-2023, Voxtur is set to scale greater heights. “What we're doing in Voxtur is addressing all of the pain points throughout the lending lifecycle, creating a better experience for all participants,” he concludes.