Maxwell

Maxwell is a mortgage fulfillment-as-a-service platform founded in 2016 that uses artificial intelligence to streamline and accelerate the mortgage process for community lenders and their borrowers. The platform is built on aggregated loan data from its network and allows loan officers, processors, and underwriters to offload manual, arduous tasks to AI systems. Maxwell targets small and mid-sized lenders, a significant market segment representing 50% of the $4 trillion U.S. mortgage market. The company claims to have facilitated over $100 billion in loan volume through its platform, with loans closing 50% faster than the national average. Maxwell claims to have surpassed $6 billion in monthly loan volume on its platform in 2020. The platform's solutions include Point of Sale (POS), which offers fully customizable application technology seamlessly integrated with LOS, saving borrowers 15+ minutes per application and producing 13% more loans closed per loan officer and 21 basis points in cost savings per loan. Maxwell Fulfillment delivers a customized experience with innovative technology and a team of U.S.-based fulfillment experts, providing efficiency and consistency with flexible variable cost models that scale with loan volume changes. Maxwell Diligence provides high-quality results as a Third-Party Review (TPR) firm approved by all five rating agencies and 10 of the top non-QM investors, reducing risk and errors while increasing transparency and profitability. Maxwell Private Label Origination offers an end-to-end mortgage solution for outsourced origination to build mortgage operations from scratch or expand loan offerings. The underwriting solutions leverage expert, technology-powered underwriting from a vetted team of onshore talent with 12+ average years of experience in the industry. Maxwell serves over 400 lending institutions and has raised $16.3 million in Series B funding led by Fin VC and TTV Capital.