The rise of digital mortgage software has gradually revolutionized mortgage lending from end to end, infusing the cumbersome origination process with intuitive digital technology to smooth out the oft-encountered bumps in the road on the journey to home-ownership.
However, despite technological innovation, disclosures have continued to present a challenge for borrowers, lenders, and technology vendors alike. The need for compliance has not historically aligned well with digital technology.
But alas, we’re excited to unveil our new disclosures platform to simplify disclosure management for all parties while ensuring compliance. Who said you couldn’t have your cake and eat it, too?
“While digital mortgage technology has vastly improved the mortgage experience in recent years, disclosures have long remained a detractor for borrowers in an otherwise streamlined lending experience,” said Lindsay Hunt, Head of Product at Maxwell. “We’re thrilled to continually to remove complexity for borrowers and the lending teams they work with every day.”
With the release of the disclosures platform, borrowers working with Maxwell-empowered lenders can now review and sign disclosures directly in Maxwell from their computer, tablet or smartphone.
“Our goal has always been to create a centralized, relationship-driven mortgage experience so that borrowers receive a consistent digital experience from application to clear to close,” said John Paasonen, Maxwell’s co-founder and CEO. “Our partnership with Docutech takes us one step closer to that goal by allowing us to offer an efficient, compliant loan origination process that meets the expectations of digitally savvy borrowers.”
Learn more here.