I feel thrilled and honored to share Maxwell’s recent placement on the prestigious Inc. 5000 list as the 15th fastest-growing software company in the country. Maxwell was also named the 154th fastest-growing private company in the U.S. and the 5th fastest-growing company in Colorado.
Making the Inc. 5000 is exciting not only because of the other innovative businesses that grace this year’s list alongside us, but also because of the now widely-known brands that have been a part of the list in years past. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Empowering the lenders that serve America’s communities
Our top-3% ranking on 2021’s list is a product of our hard work over the past several years. In April 2020, we launched our Fulfillment Platform, a benefit for customers that offers onshore processing, underwriting, and closing talent at offshore pricing. More recently, we introduced Maxwell Diligence, providing quality control and due diligence solutions. All the while, we’ve continued to enhance and streamline our digital point of sale, adding Pricing Compare & Share, the latest upgrade to our QuickPricer integration with Optimal Blue, and revamping our Lender Dashboard to focus and simplify the workflow around high-priority tasks.
Increasingly, Maxwell has scaled to an all-inclusive solution for lenders serving America’s communities. Across the country, these lenders help families realize the life-changing benefits of homeownership. Many small to midsize lenders serve communities that otherwise would not have access to a local lending institution. That’s why we make it our goal each day to help these lending teams compete and win in increasingly high-stakes markets against large national, technology-driven lenders.
The growth we’ve seen as a company is a reflection of the success we’ve been able to deliver: Lenders on Maxwell see their loan officers close 20% more loans monthly and are able to shave over 13 days off their time to close. To date, we’ve facilitated over $135 billion in loan volume, using thoughtful automation to streamline the process and allow lending teams to focus on high-value work.
We are a team of mortgage experts
A vital aspect of serving our customers impactful products has been driven by Maxwell’s team with decades of mortgage industry experience. In the three-year period Inc. evaluated, the Maxwell team grew by 14 times its size—a tough undertaking to manage in normal hiring environments and a true adventure in 2020’s work-from-home setting. Our hiring managers and leadership team took the challenge in stride, and today the Maxwell workforce holds a diverse array of skill sets and deep mortgage knowhow. Processors on the Maxwell Fulfillment Platform, for instance, have an average of 22 years of industry tenure, and the Maxwell Diligence leadership together holds over 75 years of mortgage operational experience.
Throughout the ups and downs of rapid growth, we’ve held fast to the aspects that make us unique: our company culture, mission and values. As our team expanded and we worked remotely, we doubled down on that commitment by launching our Operating Principles this May. Just as much as I’m proud of our business growth and the impact of that growth, I’m proud that we’ve been able to manage change while staying true to the principles and beliefs that have guided us to this point.
As a part of pursuing those principles and beliefs each day, we continue to work with rigor towards our mission: to give every lender in the Maxwell network a permanent, disruptive financial advantage. We could not have achieved Inc.‘s list without the lenders that trust us as their partner, and it’s because of them that we continue to build game-changing lending solutions.