Apr, 04
2018
Awards and Honors, Business, Free News Articles, Software

Maxwell Recognized by HousingWire as one of the Most Innovative Technology Companies in Real Estate

DENVER, Colo. -- Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized for the second year in a row as one of HousingWire's TECH100(TM) for 2018.

The HW TECH100(TM) is a list of the housing economy's 100 most innovative companies. It is the only list of its kind that evaluates tech innovation across the entire U.S. housing economy, spanning real estate to mortgage lending, servicing, and investments.

"We built Maxwell on the premise that technology should empower humans, not replace them," said Maxwell CEO John Paasonen. "We believe that personal guidance is critical to the mortgage process and with the right technology mortgage lenders can create the most delightful experience for the borrower. This award, along with the $1B we facilitate every month, affirm our core philosophy."

Maxwell enables mortgage lenders across the nation to collaborate with their homebuyers in a modern digital workspace, on any device, with connectivity to thousands of financial institutions to automate documents and with integrations into other leading mortgage technology providers. Maxwell's proprietary algorithms, built on its network of data aggregated across loans, enable its lenders to move efficiently by accelerating processing and underwriting. Today, lenders using Maxwell are closing loans more than 45 percent faster than the national average.

In late 2017, Maxwell announced its most recent funding round, led by the investment arm of Anthemis Group, with participation from Route66 Ventures and Assurant Inc., along with its existing investors. The new round brings the total capital raised to date by the company to $5 million.

About HousingWire:
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

About Maxwell
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders, banks and credit unions nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado.

Connect with Maxwell:
https://www.himaxwell.com
https://www.facebook.com/maxwellHQ
https://twitter.com/ilovemaxwell

Related link:

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Dec, 06
2017
Business, Free News Articles, Funding and Investment, Software

Maxwell Closes New $3M Funding Round to Accelerate Pace of Mortgage Innovation

DENVER, Colo. -- Maxwell Financial Labs, Inc., a leading provider of B2B digital mortgage cloud software, announced today a new funding round of $3 million, led by the investment arm of Anthemis Group, a company committed to cultivating change in financial services, with participation from Route66 Ventures and Assurant Inc., along with its existing investors. The funding will enable Maxwell to capitalize on its accelerating growth and further increase its pace of innovation. The new round brings the total capital raised to date by the company to $5 million.

"Our latest funding round shows strong investor confidence in Maxwell's mission to power people in the mortgage industry with technology," said John Paasonen, Maxwell's co-founder and CEO. "Our commitment is to elevate growing mortgage lenders with unique technology to maximize the output from their teams, putting relationships at the center of their business strategy, ultimately creating experiences that their homebuyers and referral partners love."

According to the Mortgage Bankers Association, the costs to originate a mortgage have skyrocketed 80% in the last 7 years. The national average days to close a loan is now 51 days, up from an average of just 30 days just 7 years ago, as the burden of paperwork and broader requirements to vet borrowers weigh on lenders. Now, as the market shifts to purchase-driven retail sales, the lending industry realizes that efficiency is critical to profitability.

Mortgage lenders powered by Maxwell collaborate with their homebuyers in a modern digital workspace, on any device, with connectivity to over 15,000 financial institutions to automate documents and signatures, and integrations into other leading mortgage technology providers. Maxwell's proprietary algorithms, built on its network of data aggregated across loans, enable its lenders to move efficiently by accelerating processing and underwriting. Since launch in mid-2016, Maxwell's platform has facilitated over $6 billion of mortgage volume - equivalent to the volume of a Top 25 Lender - for tens of thousands of homebuyers across the United States.

"It was clear to us that Maxwell is defining this category with their technology and their thought leadership," said Sean Park, founder and managing partner of the Anthemis Group. "As mortgage lenders invest in customer experience, Maxwell has become the backbone of some of the best mortgage experiences and is now an essential platform for mortgage lenders that want to harness both their people and their technology to compete in the changing mortgage market."

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders nationwide to serve their customers. Maxwell is proud to be built in Denver, Colorado, and is a 2016 graduate of Techstars, the leading global technology accelerator.

Learn more at: https://himaxwell.com/.

MEDIA CONTACT:
Maxwell press office
888-256-6067
meetmax@himaxwell.com

Related link:

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Mar, 28
2017
Business, Free News Articles

Maxwell’s Mortgage Automation Experience Enhanced with The Work Number from Equifax

DENVER, Colo. -- Maxwell, the emerging leader of digital mortgage automation software, unveiled today a partnership with Equifax Inc., a global information solutions provider, that will provide Maxwell customers and their borrowers with a faster, more seamless experience, beginning with automated employment and income verification through its proprietary database, The Work Number(R) (TWN). Equifax is a launch partner for Maxwell's newly released "Connected Apps" platform built on its powerful API, enabling lenders to customize the experience for their borrowers.

The integration of TWN, the database of income and employment records from Equifax, will enable lenders to access employment and income verifications directly through Maxwell as well as enhance the borrower's loan application experience. TWN is the largest source for up-to-date employment data, providing access to 290 million payroll records from thousands of employers nationwide, including more than 80 percent of Fortune 500 companies.

"Our partnership with Maxwell affirms our commitment to accelerate innovation in mortgage origination," said Gaurav Khanna, general manager of Fraud, Mobile & FinTech partnerships at Equifax. "Lenders using Maxwell will benefit from greater speed of origination and confidence in the information being used for loan decisioning. As the partnership continues to evolve, our access to differentiated assets, advanced analytical tools, and technology will become essential to helping partners like Maxwell drive the mortgage industry forward."

Maxwell revolutionizes the way that mortgage lenders work with their clients to close a mortgage. Lending teams on Maxwell collaborate with homebuyers in an elegant digital workspace, on any device, with connectivity to thousands of data and lending resources. What's more, Maxwell's proprietary algorithms, built on its network of data aggregated across loans, will enable its lenders to move efficiently by delivering insights and workflow adjustments. Maxwell reports that loans on its platform close 22 days faster than the industry average.

"Profitability in the mortgage industry must first be driven by access to reliable data," said John Paasonen, CEO of Maxwell. "Our goal has always been to increase the efficiency of our customers by streamlining access to data for their front-line teams and their borrowers. This partnership with Equifax is a significant step to transform the way the industry originates loans -- most notably in speed, quality and satisfaction."

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by lenders nationwide to serve their customers. Founded in 2015, Maxwell has been named as one of the housing economy's most innovative companies by HousingWire, is a member of the Mortgage Bankers Association, and is proud to be built in Denver, Colorado. Learn more about Maxwell at https://www.himaxwell.com/.

Additional information:
Visit our website at: https://www.himaxwell.com/.
Read the Maxwell blog at blog.himaxwell.com.

Connect with Maxwell:
Like Maxwell on Facebook https://www.facebook.com/MaxwellHQ
Follow Maxwell on Twitter @ilovemaxwell and LinkedIn https://www.linkedin.com/company/6605907.

For more information, please contact the Maxwell press office at 888-256-6067 or meetmax@himaxwell.com.

*LOGO for media: Send2Press.com/mediaboom/16-1214s2p-maxwell-300dpi.jpg

This news story was published by the Neotrope® News Network - all rights reserved.

Mar, 01
2017
Awards and Honors, Business, Free News Articles

Maxwell Recognized with HousingWire’s HW TECH100 Award

DENVER, Colo. -- Maxwell, the emerging leader of digital mortgage automation software, announced today that it has been recognized as one of HousingWire's TECH100(TM) for 2017. The HW TECH100(TM) is a list of the housing economy's 100 most innovative companies. It is the only list of its kind that evaluates tech innovation across the entire U.S. housing economy, spanning real estate to mortgage lending, servicing, and investments.

"There's no question that thoughtful technology is changing the way mortgage companies originate loans," said Maxwell CEO John Paasonen. "I'm incredibly proud of our team for this recognition of our dedication to augmenting human ability with software -- this award, along with the $1.5B we've facilitated since launching in 2016, affirm our core philosophy."

Maxwell was nominated for its point-of-sale and workflow automation tool for loan officers and their borrowers. Built by engineers and designers from Silicon Valley, the cloud platform empowers loan officers and their teams by intelligently automating their collaboration with borrowers and real estate agents during the mortgage process. Using Maxwell, mortgage companies increase the capacity of their origination teams, closing loans over 45 percent faster.

For more information on the HW TECH100(TM) award and the full list of honorees: http://www.housingwire.com/articles/39311-the-2017-hw-tech100.

About HousingWire:
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com/..

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by lenders nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado.

Media Contact:
Eric Danielson
Maxwell Financial Labs, Inc.
T: 888-256-6067
eric[at]himaxwell.com

Connect with Maxwell:
https://www.himaxwell.com

: https://www.facebook.com/maxwellHQ
: https://twitter.com/ilovemaxwell

This news story was published by the Neotrope® News Network - all rights reserved.

Dec, 14
2016
Business, Free News Articles, Funding and Investment

Maxwell Financial Labs Announces $1.95M in Funding to Reinvent Mortgage Experience

DENVER, Colo. -- Maxwell Financial Labs, Inc. announced today it had secured $1.95M in funding, with anchor investors MATH Venture Partners, Techstars Ventures, Zelkova Ventures and Sovereign's Capital. The funding follows on the heels of Maxwell's commercial launch on August 16. Maxwell will invest these funds to continue to recruit top engineering talent in Denver and launch its mortgage automation platform to more lenders who believe in the power of technology and data to transform their business.

Maxwell was founded by financial services and tech veterans John Paasonen, Lance Poole and Rutul Dave; all three frustrated with their own mortgage experiences. Mr. Paasonen's experience spans start-ups to Fortune 500, most recently as director of corporate strategy at PayPal. Mr. Poole, who coached executives for Stanford's Institute of Design, has a long career in leading financial services companies to shape products around their customers. And Mr. Dave took an active role in building a number of Silicon Valley startups, from Coverity to, most recently, co-founding Bright Funds.

"Most mortgage companies use a process developed 20 years ago, predicated on assumptions that are no longer true in today's connected world," said John Paasonen, Maxwell's CEO. "At Maxwell we replace paperwork and complexity with the ease we've all become accustomed when managing our finances with TurboTax, Venmo or Mint. What's exciting is that we are doing this at a scale that will reinvent the very structure of the digital mortgage landscape."

Developed over the last 8 months, Maxwell is revolutionizing the way that lenders work with their clients to close a mortgage. Lending teams on Maxwell collaborate with homebuyers in an elegant digital workspace, on any device, with connectivity to over 15,000 financial institutions to automate paperwork and signatures. That connectivity speeds up the process by weeks. What's more, Maxwell's proprietary algorithms, built on its network of data aggregated across loans, will enable its lenders to move efficiently by delivering insights and workflow adjustments.

"Since we met the Maxwell team we've been excited about what they've accomplished in such a short time and also for what's ahead," said Troy Henikoff, managing partner at MATH. "Banks and mortgage lenders are not equipped to deliver high-fidelity technology at this speed and quality. The entire $8.5 trillion industry will be fundamentally impacted by the work this team does every day."

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by loan officers nationwide to serve their customers. Maxwell is proud to be built in Denver, Colorado, and is a 2016 graduate of Techstars, the leading global technology accelerator.

Media Contact:
Jason Dalrymple
Maxwell Financial Labs, Inc.
T: 888-256-6067
jason[at]himaxwell.com

Connect with Maxwell:
https://www.himaxwell.com/
:: https://www.facebook.com/maxwellHQ
:: https://twitter.com/ilovemaxwell

This news story was published by the Neotrope® News Network - all rights reserved.