Maxwell Financial Labs is a digital mortgage platform for small and mid-sized lenders. It offers a range of mortgage-related solutions and services including underwriting, processing, due diligence, and access to secondary markets on lending products. The platform serves several mortgage lending institutions across the US, encompassing non-depository mortgage banks, credit unions, brokers, and community banks. In August 2023, Maxwell launched Maxwell Mortgage Intelligence, a business intelligence platform designed for mortgage providers capable of integrating with existing systems, detecting team performance trends, and simplifying financial reporting while providing ready-made analytics.
In May 2023, Maxwell acquired LenderSelect Mortgage Group for an undisclosed sum. Through this acquisition, Maxwell intended to leverage LenderSelects' client base to grow its secondary market trading platform (i.e., Maxwell Capital), market share, and customer numbers. In September 2023, Maxwell acquired Revvin , a digital mortgage lending platform, for an undisclosed amount. Through this acquisition, Maxwell planned to collaboratively support mortgage originators in lowering costs, enhancing quality, and increasing margins.
Funding and financials
In October 2021, Maxwell raised USD 52.5 million in funding led by Fin VC. The funding round consisted of USD 28.5 million in equity funding and USD 24 million in debt financing, with a post-money valuation of USD 450 million. The company earmarked the funds for achieving business targets and expanding its product offerings.
As of October 2023, the platform had serviced over USD 230 billion in total transaction value for more than 500,000 homeowners via more than 300 lending institutions.
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