Our platforms are complementary, and we have a shared vision to disrupt the real estate lending industry by automating and simplifying an archaic and overly complex process to valuing real estate," "The pandemic has forced us to diversify and evaluate new revenue streams which led us to this acquisition. Not only will this have a significant positive impact on ILA's financial profile but will greatly add to the talent pool due to the deep and long tenure JEA and its team has within the U.S. lending industry.
We have been adamant about being a growth-oriented company and this allows us to potentially grow exponentially both from a financial and product perspective." "We couldn't be more excited about the opportunity to join forces with ILA and their management team. Our companies have a shared vision of industry modernization and a desire to grow market share.
The combination of technologies will create a unique value proposition for lenders, servicers and investors, moving us closer to a digital reality that increases returns for investors and lowers costs for consumers," said Jim Albertelli, CEO of JEA. "Gary is a known commodity, which will allow us to penetrate the industry with new innovations in conjunction with a blue chip client base," he continued. Voxtur Technologies (a Delaware corporation)
Voxtur Technologies provides real estate technologies that range from automated aggregation of title data and origination processes to AI-enhanced default legal processes. Voxtur Technologies provides diversified product offerings incorporating both native and non-native technologies to institutional lenders, mortgage servicers and secondary market participants. It owns a proprietary technology platform called InfoEx, which has a loan default suite (f/k/a 4S) of modules that leverages AI technologies to ingest and map out multiple data points required for real estate acquisition and due diligence reports used by mortgage banks and servicers throughout the U.S. Within the InfoEx platform, it has a proprietary database which is used by mortgage originators to receive title insurance, title alternatives and valuation information. These offerings are further enhanced by the provision of corresponding professional services intended to assist clients with the implementation and strategic application of the Voxtur Technologies.
Voxtur Technologies will have a 20-year contract (with an automatic renewal) with JEA to provide certain non-legal mortgage default processing services. Voxtur Technologies does not operate outside of the real estate market.
Brightline Title (a Florida limited liability corporation)
Brightline Title provides proprietary technology for the closing of residential real estate transactions throughout the U.S. Using advanced BI technologies, Brightline Title offers nationwide title, escrow and settlement services with a focus on security and compliance, unparalleled expertise and industry-leading technology for an evolving market. Brightline Title is the successor in interest to ALAW's 20 year title and closing organization. Brightline Title does not operate outside of the real estate market.
James E. Albertelli , P.A. (a Florida professional association)
In addition to providing real estate related legal services to its clients, JEA are engaged in the business of providing foreclosure, bankruptcy and eviction processing and related services to their respective clients in connection with the foreclosure of residential real estate.
James E. Albertelli, Esq. (BS Finance/Cert. Economics, 1990; Juris Doctor, 1994)
is a serial entrepreneur who has self funded a number of the assets to be combined with ILA. His expertise spans over 25 years in the real estate law and technology practice. InfoEx and Brightline, LLC are some of the result of his expertise developed over the past two decades.