Press Release – PROGRESS In Lending Association Recognizes Maxwell CEO and Cofounder John Paasonen as Mortgage Technology Thought Leader

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PROGRESS In Lending Association Recognizes Maxwell CEO and Cofounder John Paasonen as Mortgage Technology Thought Leader

DENVER, Colo., August 12, 2020 —Today, digital mortgage provider Maxwell announced that CEO and Co-founder John Paasonen has been selected as a mortgage technology Thought Leader by PROGRESS in Lending Association

As part of PROGRESS in Lending’s inaugural class of Thought Leader Award recipients, this award seeks to recognize “thought leaders that are not afraid to step forward and blaze a new trail.”

Since co-founding Maxwell in 2015, Paasonen has been focused on being a champion for innovation in mortgage lending. 

“Maxwell was built on the idea that technology should empower and extend human ability,” said Paasonen. “We believe mortgage should be simpler and more accessible to all, and Maxwell is committed to building technology that powers human-driven innovation by strengthening the relationships at the heart of the mortgage transaction.”

Innovation in mortgage lending has become increasingly more important as the market adjusts to the changes ushered in by COVID-19 and more lenders seek to leverage digital technology to serve their borrowers. 

“There are two big opportunities for innovation in the mortgage process right now,” continued Paasonen. “The first is automation tools that empower the mortgage workforce to focus on the highest order problems and solutions that only people can manage. The second is streamlining the interface between the various services in the lender technology stack to ensure a consistent, high-quality and easy to maintain digital experience for borrowers and the lenders that serve them.”

Recently named a winner of HW’s Tech 100 for the fourth straight year, Maxwell’s digital mortgage platform leverages proprietary algorithms built on its network of data across hundreds of thousands of loans to enable lenders to accelerate the mortgage lending process from application to underwriting. This allows lending teams to focus on the human relationship at the center of the mortgage journey. Today, hundreds of lenders across the United States use Maxwell’s point-of-sale to originate $5 billion in mortgage loans each month at a cycle time 45 percent faster than the national average.

ABOUT MAXWELL

Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. A four-time HW Tech 100 winner, Maxwell’s digital mortgage platform leverages proprietary algorithms built on its network of data across hundreds of thousands of loans to enable lenders to accelerate the mortgage lending process from application to underwriting. Today, hundreds of lenders across the United States use Maxwell’s point-of-sale to originate $5 billion in mortgage loans each month at a cycle time 45 percent faster than the national average. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and a preferred partner of The Mortgage Collaborative. The company is proud to be built in Denver, Colorado.

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