Maxwell Launches Maxwell Capital, a New Secondary Market Investor for Small and Mid-Sized Mortgage Lenders


DENVER – (COMMERCIAL THREAD) – Maxwell, the leading digital and technology mortgage solutions platform for small and mid-sized mortgage lenders, today announced the launch of Maxwell Capital. The Maxwell Capital Platform will provide the hundreds of community lenders on Maxwell’s digital mortgage platform with additional secondary market access by acting as a dedicated investor.

In today’s market, local and regional lenders need secondary market partners who give them the speed and agility to capture the volume of loans available. In combination with Maxwell’s existing scale, Maxwell Capital enables these lenders to compete in the capital markets alongside some of the biggest players in the industry. The Maxwell Capital platform is intended for lenders who issue loans on the Maxwell platform and whose average total origination volume is between $ 200 million and $ 2 billion per year.

“Lenders serving communities across the country face a huge challenge of competing with the biggest lenders who have the technology and scale to generate higher margins that offer competitive rates to borrowers,” said the co-founder. and CEO of Maxwell, John Paasonen. “We built Maxwell Capital to create a faster, more seamless experience, allowing us to share these benefits with the hundreds of lenders using Maxwell today. This type of partnership approach is rare, and it’s just one more way of giving lenders a financial edge against each other.

Using Maxwell Capital, lenders will experience a new kind of investor who uses technology to reduce time spent on warehouse lines, create a consistent workflow from trade execution to settlement and produce reliable results for lenders and their borrowers. In turn, Maxwell’s machine learning and point-of-sale automation dramatically improves the quality of in-process loans, enabling faster decision-making that saves businesses time and money.

One of the fastest growing mortgage solutions providers in the United States, Maxwell has more than tripled its revenue every twelve months since its inception in 2016. Last year alone, Maxwell facilitated more than $ 60 billion. dollars in lending volume through its platform, putting it alongside the scale of major lenders like US Bank and Citibank. Over 250 lenders on the platform outperform the market by closing 20% ​​more loans per month and saving over 13 days on closing time.

Maxwell Capital is the latest addition to the company’s suite of comprehensive and technology solutions for US lenders. Every Maxwell solution aims to give lenders a significant financial advantage in their market. Maxwell’s offerings now deliver value throughout the lending process, from receipt of applications and loan processing at point of sale to quality control and are now an investment partner in the secondary market . These solutions allow each lender to work efficiently, focus on high value-added tasks and compete with larger industrial players with technology.

Sadie Gurley, who joined Maxwell earlier in 2021 after a career with Goldman Sachs, Fortress and Marathon, will lead Maxwell Capital. Collectively, the management team of Maxwell Capital has over 50 years of experience in the industry, providing in-depth experience and advice to lenders.

Maxwell Capital is available exclusively to customers using Maxwell’s point of sale and is backed by dedicated service and support.

About Maxwell

Maxwell enables mortgage lenders to improve the borrower experience, increase efficiency and improve profitability by intelligently automating workflow through its digital platform and technology solutions. More than 250 mortgage lenders, banks and credit unions nationwide use the Maxwell platform to serve tens of thousands of buyers every day. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado. Since 2017, it has been named one of HousingWire Magazine’s Most Innovative Real Estate Companies and recently ranked 154th fastest growing private company in the country on the Inc. 5000 list.

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