GlobeNewswire — Toronto, Ontario and Tampa, Florida — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce the appointment of Nicholas Smith, of Rice Park Capital Management LP, to the Company’s board of directors, effective immediately. Mr. Smith’s appointment follows the resignation of Mark Volosov from his role as a director of the Company, effective December 13, 2022.
“Nick brings nearly 25 years of experience and expertise within the mortgage finance industry to Voxtur and we are thrilled to have him join the Board,” said Gary Yeoman, Voxtur’s Executive Chairman. “He has a successful track record of achievements, and we are confident that he will make valuable contributions to the growth and success of the Company.”
Mr. Smith is the founder and Chief Executive Officer of Rice Park Capital, a private investment firm which invests broadly in the residential and commercial real estate finance, equity, and services sectors. Before founding Rice Park Capital in 2019, from 2015 to 2018 Mr. Smith served in a variety of executive roles on behalf of the Blackstone Group (NYSE: BX), including Chief Investment Officer of Blackstone’s private residential mortgage REIT, co-founder and Chief Investment Officer of Finance of America Companies (NYSE: FOA), a Blackstone portfolio company, and President of Incenter, a wholly-owned subsidiary of FOA. In these roles Mr. Smith oversaw a broad-based and coordinated platform of direct mortgage asset investing and portfolio management, mortgage and specialty finance lending, and tech-enabled mortgage and specialty finance services. Prior to Blackstone, Mr. Smith served as Managing Director, Two Harbors Investment Corp (NYSE: TWO) from 2012 to 2015, where he built and led the investment platform for mortgage servicing rights and residential whole loans. From 2004 to 2012, Mr. Smith served in a variety of roles for Green Tree Investment Management (“GTIM”), including Chief Investment Officer where he was responsible for the residential mortgage investment platform of Green Tree Holdings, GTIM’s parent company, and its affiliate, Green Tree Servicing, and approximately $1.5 billion in private funds managed by GTIM. Mr. Smith worked at GMAC ResCap (formerly GMAC-RFC) from 1998 to 2004 where he held roles on the mortgage trading desk and in corporate development. Mr. Smith has served on a variety of boards for private companies and charitable organizations throughout his career. He currently sits on the boards of Asset Based Lending and Brass Ring Capital.
“Voxtur is an innovative company with a platform that delivers products that have the potential to improve home ownership access and reduce borrowing costs by digitizing the home buying and mortgage experience from beginning to end,” said Nicholas Smith, Managing Partner of Rice Park Capital Management. “I am excited to join the board, and alongside my fellow board members, help support the Company as it pursues its ambitious growth objectives.”
Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.
This news release contains forward-looking statements that involve known and unknown risks, uncertainties and assumptions that may not be realized. These statements relate to future events or future performance and reflect management’s current expectations and assumptions which are based on information currently available to management. There is significant risk that forward-looking statements will not prove to be accurate. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. The inclusion of forward-looking statements and information should not be regarded as a representation of Voxtur or any other person that the anticipated results will be achieved, and investors are cautioned not to place undue reliance on such information.
These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. Voxtur does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.
Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.