Maxwell, a digital mortgage and solutions platform for small to midsize mortgage lenders, has launched Maxwell Capital, a new platform designed to act as a dedicated investor for those lenders who originate loans on the Maxwell platform and average total origination volume of between $200 million and $2 billion a year.
“Lenders serving communities across the country face an enormous challenge in competing against the largest lenders who have the technology and the scale to generate higher margins that deliver competitive rates to borrowers,” said Maxwell co-founder and CEO John Paasonen. “We built Maxwell Capital to create a faster and more transparent experience, allowing us to share those benefits with the hundreds of lenders using Maxwell today. This type of partnership approach is rare, and it’s one more way we’re giving lenders a financial edge to compete.”
Last year, Maxwell facilitated over $60 billion in loan volume through its platform. Maxwell Capital is the latest addition to the company’s suite of comprehensive, tech-enabled solutions for America’s lenders.
Maxwell now has offerings throughout the entire lending process, from point of sale intake of application and loan processing to quality control and now an investment partner in the secondary market.
Sadie Gurley, who joined Maxwell earlier in 2021 following a tenured career at Goldman Sachs, Fortress and Marathon, will lead Maxwell Capital. Collectively, the Maxwell Capital leadership team holds over 50 years of industry tenure, providing deep experience and guidance to lenders.
Maxwell Capital is available exclusively to customers using Maxwell’s point of sale and is backed by dedicated service and support.