Market Outlook, Real Estate Investment
Businesswire | July 13, 2023
Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced a seven-year partnership extension with BSI Financial Services to continue powering its enterprise mortgage servicing ecosystem. As BSI Financial rapidly grows its servicing portfolio to a goal of 1 million loans, they’ll continue to leverage the industry’s only enterprise and default servicing platforms synced by real-time data.
“Renewing our Sagent partnership is a key part of our goal to grow to 1 million loans with operational precision and cost control,” said BSI Financial founder and CEO Gagan Sharma.
“We’re firmly committed to promoting sustainable homeownership for every borrower, and Sagent enables us to provide proactive, informed customer service to borrowers throughout their homeownership lifecycles.”
BSI Financial will continue to power scale servicing operations with Sagent’s configurable, cloud-based platforms, including LoanServ (system of record), TEMPO (default management), Datascape+ (cloud-based data reporting and insights), and LoanBoard (originations-to-servicing onboarding).
“BSI Financial has earned its reputation as a leader in clean, day-one-compliant onboarding and an AI-led approach that ensures data integrity and compliance in their own $50B portfolio and in their clients’ portfolios, and Sagent is honored to continue powering this industry-best experience,” said Dan Sogorka, CEO and President of Sagent.
“BSI and Sagent have worked together to automate complex high-volume tasks for BSI, solve customer issues fast, and adapt in real-time to regulator and investor needs. Collaborative partnerships like this guide Sagent’s roadmap for the future of servicing and help us to set the mortgage fintech pace with our cloud-native, open-API servicing platforms.”
With over $2T in outstanding mortgage balances on its platforms, Sagent and its customers collaborate on open-API models that ensure servicing operations are aligned with cost control, optionality, and real-time policymaking.
Sagent has the industry’s only enterprise, default, and consumer mortgage servicing platforms synced by real-time data. This is the latest in a series of Sagent moves to transform the homeowner experience for financial orgs servicing millions of consumers with trillions in mortgage balances.
Sagent powers America’s top bank and nonbank lenders to engage, care for, retain, and modernize the homeownership experience for millions of borrowers. Servicers use our flexible, scalable, and configurable solutions to engage borrowers and earn customer loyalty, lower servicing costs, ensure compliance, and increase the value of servicing rights throughout full market cycles. Sagent is backed by Warburg Pincus, one of the world’s leading private equity investors, and powers trillions in outstanding mortgage servicing for its customers. Visit sagent.com to learn more.
About BSI Financial
BSI Financial Services is leading the evolution of mortgage servicing for originators, investors and homeowners. The company brings together a talented team with long mortgage industry expertise, scalable digital capabilities and deep regulatory understanding. BSI Financial is one of the fastest growing mortgage servicers across the industry and currently services more than $50 billion in mortgages. The company is approved as a servicer by Fannie Mae, Freddie Mac, FHA and VA, approved as an issuer by Ginnie Mae, and rated by S&P and Fitch as a servicer. For more information, visit bsifinancial.com
Brokerage, Real Estate Investment
Yahoo Finance | August 09, 2023
Voxtur Analytics Corp. ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce, further to the releases issued on June 26, 2023, and August 2, 2023, the closing of an additional $6,448,353 of gross proceeds from a non-brokered private placement of units (the “Offering”). With respect to recent prior private placements, the Company closed on $3,052,699 of Units on June 26, 2023, and another $942,000 of Units on August 2, 2023, for an aggregate amount of $10,443,052 of gross proceeds closed under the offerings.
The Offering consists of a non-brokered private placement of units (each, a "Unit") at a price of $0.20 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.20 expiring on June 26, 2028. The Company has agreed that following the closing it will apply to the TSX Venture Exchange (“TSXV”) to list the Warrants, subject to meeting the applicable distribution and listing requirements of the TSXV.
The Company may issue up to an additional $9.55 million of Units pursuant to the Offering, though there is no assurance that additional commitments will be received by the Company or that additional closings under the Offering will be completed. Any such closings that are completed are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.
The proceeds from the Offering will be used for working capital and general corporate purposes. All securities issued in connection with the Offering are subject to a four month and a day hold period from the date of issue in accordance with applicable securities laws. Further, the listing of the Warrants is subject to the receipt of all necessary approvals, including the approval of the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.
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.
Real Estate Technology, Real Estate Investment
PRnewswire | July 27, 2023
SouthPoint Financial Services (SPFS), a full-service mortgage lender operating in 16 states, today announced a partnership with Newzip, a tech-enabled real estate solutions platform. Newzip brings seamless, RESPA-compliant real estate services to SPFS, matching pre-approved borrowers with experienced agents to find homes then providing cash rewards when SPFS borrowers close on home purchases.
Here's how the new SPFS Preferred Partners Program powered by Newzip works:
SPFS customers can now receive real estate advice tailored to their needs from a dedicated Newzip Home Advisor team that helps them throughout their entire home search, offer-writing, transaction, closing, and moving process.
Once SPFS pre-approves a customer for a home purchase loan, Newzip's advanced algorithms and data analytics match home buyers with the most suitable real estate agents across their national network of trusted professionals.
When SPFS mortgage customers opt into this program, they can save 1% on the sell side and 0.5% on the buy side as a closing credit decreasing their required cash-to-close in rebate eligible states.
Throughout the home buying and financing process, the Newzip platform keeps SPFS loan officers, borrowers, Newzip home advisors, and real estate agents seamlessly connected.
"Adding Newzip real estate services and technology to SouthPoint Financial's fast, friendly mortgage team creates a one-stop shop for our home-buying customers," said SouthPoint Financial Services CEO Mindy Rothenberger. "This partnership helps us double down on our mission to remove all barriers of home ownership and solve all the mysteries of home lending and buying. It adds personalized guidance at every step, giving our customers a confident, informed home buying journey from start to finish."
The SPFS/Newzip partnership is a shared commitment to innovation and customer-centric solutions, delivering a seamless, efficient, cost-saving journey to homebuyers across America.
"Integrating Newzip's platform into SPFS's mortgage experience will not only elevate the home buying/selling experience, but also makes it more affordable for borrowers in this challenging market," said Newzip CEO Adi Pavlovic. "We're thrilled to power real estate services for SPFS and innovate together in the mortgage industry."
Newzip is a real estate platform that empowers mortgage lenders to deliver an end-to-end customer experience. Leveraging a combination of technology and human empathy, Newzip's vision is to create the standard for a modern real estate experience that helps people make informed decisions throughout their entire journey.
About SouthPoint Financial Services
SouthPoint Financial Services (SPFS) is a full-service, Georgia-based mortgage lender offering government-backed and conventional loans. SPFS is one of the few mortgage lenders that handle every step of the process with in-house processing, underwriting, and document preparation. SPFS's mission is to remove all barriers to homeownership, answer all the questions, and solve all the mysteries of home lending.