Digital mortgage platform Maxwell has added underwriting and closing services to the Maxwell Fulfillment Platform, enhancing the company’s comprehensive suite of technology and outsourced services for small and mid-size lenders, the company announced in a press release.
As with its processing solution, Maxwell’s underwriting and closing solutions are accessible through the Maxwell Fulfillment Platform on a white-label basis, with all outsourced personnel functioning as an integrated part of the lender’s operations team.
Because the underwriters leverage Maxwell’s data gathered on the front end, the underwriting process is faster, which results in an improved borrower and lender experience, the release stated.
Lenders can add team members as needed to accommodate the ebbs and flows of market dynamics while maintaining full ownership of customer data and delivering a fully branded, streamlined loan experience to borrowers, the company stated.
“Few, if any, small and mid-size lenders can sustain the right balance of skilled labor enough to handle demand, but not so many that you sacrifice margin, and all who are skilled and experienced individuals,” Maxwell President Brian Simons said in the release.
The Maxwell Fulfillment Platform enables small and mid-size lenders to maintain the level of skilled personnel needed, regardless of market fluctuations.
“Our lender clients constantly tell us they want Maxwell to provide end-to-end fulfillment services, because they know they’ll get technology and service that far exceeds any solution they’ve tried in the mortgage space,” Simons said. “After launching our fulfillment platform with processing services to rave reviews in May, this was a natural progression. We’re looking forward to growing our family of solutions, which are redefining the mortgage process and experience for borrowers, lenders and settlement service providers.”
“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,” Maxwell co-founder and CEO John Paasonen said. “Beyond that, the needs of small to mid-size lenders have not traditionally been served by technology partners. We are on a mission to help small and mid-sized lenders grow wildly successful businesses.”