We’re incredibly proud to announce that for the eighth year running, Maxwell has been named a HousingWire Tech100 winner. HousingWire’s Tech100 program celebrates innovative and impactful organizations in housing, recognizing mortgage industry businesses that drive efficiency, transparency, and accessibility forward in meaningful ways.
“The technology capabilities and solutions that this year’s Tech100 winning organizations have developed are an absolute testament to the relentless innovation within the real estate and mortgage technology landscape,” says HW Media Editor in Chief Sarah Wheeler. “These past few years have been
transformative for the industry and these honorees are continuing to bring long-awaited solutions to the
challenges that mortgage and real estate professionals have struggled with for decades. Congratulations
to all the deserving winners for their outstanding contributions to our ever-evolving industry.”
Supporting mortgage lenders through market challenges
Today, over 20,000 mortgage lending institutions serve a cyclical market with high fixed costs driven by human capital and limited technology, often leading to lack of lender profitability. Maxwell is committed to building transformative infrastructure for the mortgage industry with technology-powered solutions and embedded services, including point-of-sale technology, business intelligence technology, fulfillment and diligence solutions, and secondary market capital.
In the past year, Maxwell has expanded the value its technology brings to its small to midsize lender customers by both investing in the launch of new solutions and through strategic acquisition.
- In August, Maxwell released its Business Intelligence solution, enabling mortgage executives to track trends in performance, compliance, and quality. Business Intelligence seamlessly integrates with existing infrastructure, identifying trends in team performance and offering immediate, turnkey analytics at a fraction of the cost of maintaining an internal data infrastructure and team.
- In September, Maxwell acquired Revvin, a digital mortgage platform focused on customizable workflows for lenders. With this acquisition, Maxwell expanded its footprint and, more importantly, added key capabilities to help lenders combat market challenges.
Lending technology that drives measurable benefits
Since 2021, mortgage origination volumes in the U.S. have dropped nearly 70%, hampered by the fastest rise in interest rates in history and low housing inventory. Despite these challenges, Maxwell has continued to enhance its solutions and feature set to better equip lenders to thrive. Today, Maxwell serves over 300 customers, helping lenders on its platform reduce their time to close by more than 13 days while empowering their loan officers to close 36% more loans per month. As lending conditions begin to turn a corner this year and beyond, the team at Maxwell plans to continue on its mission to drive a disruptive financial advantage for the lenders it partners with, no matter the market challenges.