Maxwell, a mortgage fintech solutions platform for small to midsize lenders, announced that ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology and market infrastructure as a premier integration partner with Encompass eClose. The new solution will be offered as part of Maxwell’s point-of-sale platform to streamline and simplify the closing process for lenders and borrowers across the U.S.
“At Maxwell, we’re committed to modernizing the entire mortgage process to help lenders build better, faster and cheaper loans for homebuyers,” said John Paasonen, CEO and Co-founder of Maxwell. “With today’s tight margins, lenders need to optimize each step of their process for profitability and success. Through our partnership with ICE Mortgage Technology, and paired with the rest of our fintech mortgage solutions, we will continue to help lenders secure valuable savings, increase revenue, and enhance the borrower experience throughout the lending process.”
Maxwell Point of Sale enables lenders to send loan applications, synchronize borrower documents, order documents to deliver to loan investors, trigger status notifications to borrowers and real estate agents, and manage disclosures, without ever having to leave the Maxwell Point of Sale.
The Encompass eClose solution allows lenders to facilitate the entire eClosing workflow electronically, helping lenders secure valuable savings on their per loan costs and boost borrower experience. The integration will allow the borrower to enter into the Encompass eClosing experience directly from Maxwell, keeping the closing workflow streamlined for the borrower and a consistent closing workflow for lenders.
Maxwell has been an integrated point-of-sale partner with the Encompass LOS (loan origination system) since 2019. It’s commitment to drive improved efficiency for local lenders across the country and foster a relationship-driven mortgage experience making it the perfect partner to help loan officers spend more time counseling the borrower and strengthening their network rather than working on administrative tasks.
“We’re thrilled to enable more lenders to take advantage of our market leading eClose solution, by partner Maxwell,” said Parvesh Sahi, SVP of Business and Client Development at ICE Mortgage Technology. By integrating our eClose experience into Maxwell, we’re able to provide all of their Encompass lenders with a true digital experience that provides efficiency, speed, and cost savings for the lender, while delivering the best borrower eClose experience in the industry.”
ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring high levels of compliance, quality and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
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