Skip to main content

Maxwell Updates Fulfillment Platform With Underwriting And Closing Services

Navi Persaud
Sep 09, 2020
Technology boxes arranged in a pattern.

Maxwell is bolstering its fulfillment platform with the addition of underwriting and closing services. These services will now be offered to those who use Maxwell's suite of technology and outsourced services for small and midsized lenders, according to a press release.

The company's platform allows lenders to add team members as needed to accommodate the shifts in the market while maintaining full ownership of customer data and delivering a fully branded, streamlined loan experience to borrowers.

"Few, if any, small and midsize lenders can sustain, the right balance of skilled labor," said Brian Simons, president of Maxwell, "enough to handle demand, but not so many that you sacrifice margin and all who are skilled and experienced individuals."

"Lenders are in a ‘pig in a python’ situation right now, so it’s not surprising that the demand for embedded fulfillment solutions is high," says John Paasonen, CEO and co-founder of Maxwell. "Beyond that, the needs of small to midsize lenders have not traditionally been served by technology partners.

 
Published
Sep 09, 2020
More from
Tech
Blend Launches New Income Verification Product

Blend Income Verification is a new product for financial services firms that provides instant income verification for mortgages and soon, consumer loans and deposit account opening.

Tech
Oct 21, 2021
ICE Mortgage Announces 0 Percent Loans For HFA Borrowers

ICE Mortgage Technology's latest Encompass update, Encompass 21.3 supports the ability for lenders to offer 0% loans.

Tech
Oct 20, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021
Wemlo Introduces Third-Party Processing Solution

Wemlo announced the first third-party mortgage processing solution, Loan Brokering System.

Tech
Oct 18, 2021
ICE Unveils Transaction-Based Indices For Residential Mortgage Interest Rates

Intercontinental Exchange Inc. launched its suite of U.S. residential mortgage locked rate indices.

Tech
Oct 18, 2021
SimpleNexus Unveils Nexus Pay With In-App Payment Capabilities

SimpleNexus announced its upcoming Nexus Pay feature for mortgage loan applicants. The company is planning to do a full unveiling at the Mortgage Bankers Association's Annual Convention and Expo.

Tech
Oct 13, 2021