Voxtur Valuation Express Appraisals Hits Major Milestone

April 30, 2021

Voxtur Valuation Express Appraisals Hits Major Milestone

Anow powered by Voxtur, an AI optimized valuation platform for the global appraisal market, hit a major milestone with 2,000 appraisals processed through its exclusive express order program, which launched recently.

“Hitting milestones like this allows us to move the needle to help appraisers be more efficient,” said Anow President Marty Haldane. “The express program helps appraisers and lenders to attain certainty and leverage insights by working smarter and faster.  We aren’t waiting for the GSEs to change policies in order to make appraisals more efficient. Instead, by working with a very select group of appraisers armed with this technology, everyone involved in the mortgage transaction benefits.”

The express order program leverages artificial intelligence to facilitate real-time mobile geolocation of appraisers and their upcoming availability, combined with a homeowner and realtor communication chat bot that facilitates placement of appraisers with properties same or next day. This scheduling tool, combined with a patent-pending collaborative appraisal report generator tied to multiple data sources, significantly accelerates the completion timeline for an appraisal. For example, in Houston, full 1004 and 1073 appraisals are completed in as little as two hours. AI-enabled automated reviews ensure these appraisals exceed every standard.  By comparison, the average residential appraisal takes over six business days to complete, and as long as a month in some markets.

“We are thrilled to be able to deploy Voxtur’s unique AI to allow appraisers to compliantly execute appraisals with unparalleled efficiency as they navigate through their pipeline,” said Voxtur President Jim Albertelli.

Anow is part of Voxtur Valuation which is an AI-enabled, generative platform containing a broad product suite employing machine learning and underpinned by big data, all combined to deliver an optimized experience. Each year, close to 1 million homes are appraised using the Anow platform.

“The Anow appraiser-first model reinforces the Voxtur vision of an on-demand ecosystem of the entire real estate transaction,” said CEO & Chairman Gary Yeoman.

About Voxtur

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.

About aNow

Anow is an appraisal management software that simplifies the way real estate appraisers manage their businesses. Launched in 2011 by multi-generational appraisal professional Marty Haldane, Anow streamlines a wide range of everyday appraisal processes while offering unmatched business insights to help appraisers compete in today’s digital environment. Powerful order tracking, job assignment, collaboration, scheduling tools, and mobile apps allow appraisers and administrative staff to save time, assign appraisals more easily and deliver exceptional service to clients and mortgage lenders from any webenabled device. Advanced reporting enables business owners to manage fee competition and turn times with ease.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Forward Looking Information: 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.

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