We’re incredibly excited to announce that we made the prestigious Inc. 5000 list for the second year running, this time ranked as the 164th fastest-growing private company in the U.S. We also earned spots as 14th fastest-growing financial services company and 7th fastest-growing company in Colorado.
Our inclusion on 2022’s list is a meaningful affirmation of the impact we’ve been able to drive through our suite of solutions. Over the past year, we’ve released several new tech-powered products aimed to help local lenders improve their margins, increase their efficiency, and compete across market cycles. Our recently launched Private Label Origination solution, for example, provides expanding and emerging lenders with the tech infrastructure needed to enter and scale in the mortgage market. Meanwhile, the addition of our Spanish-language loan app to Maxwell Point of Sale allows lenders on our platform to offer a fully immersive bilingual lending experience to their borrowers.
An all-inclusive mortgage solutions provider
As we’ve built out these solutions and features, our suite has increasingly become all-inclusive, addressing the entire mortgage process from intake of application and loan fulfillment to due diligence/QC and secondary market trading. By enhancing all aspects of lending for our customers, we help them create efficiency and optimize their financials at every step—an advantage that becomes vital for profitability especially in challenging markets like today’s.
“We’re honored to appear on the Inc. 5000 list for the second year in a row,” commented John Paasonen, Maxwell’s Co-founder and CEO. “Our inclusion on the list reflects both the tireless work our team has put into launching and growing our suite of solutions and the value that those solutions have brought to the local lending segment. Our goal has always been to support the lenders that serve America’s communities through changing market cycles. Maxwell’s sustained growth is especially rewarding because it validates the impact we’re able to provide, even against rising competition and economic challenges.”
Growth amid challenges
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, Editor-in-Chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
Since 2015, we’ve grown Maxwell with a mission to turn the tide of homeownership by making mortgages cheaper, faster, and fairer. In the past year, we’ve released multiple solutions, including Maxwell Capital, a secondary market investor for small and midsize lenders who originate an average of $200 million to $2 billion a year; Maxwell Processor Edge, which uses machine learning to accelerate mortgage processing and detect data discrepancies before underwriting; and most recently, Maxwell’s Spanish-language loan app, a bilingual option that allows lenders to better serve the growing Hispanic American market. In October of 2021, we raised $52.5 million in additional funding led by venture firm Fin VC and Wells Fargo Strategic Capital, which we plan to channel into more value-add offerings designed for the local lending segment.