Updates & Announcements
ICE Mortgage Technology Announces Maxwell as Partner to Provide Encompass eClose Solution
Integration Will Help Hundreds of Lenders Secure Savings and Boost Borrower Experience
DENVER, Colo. – Mar. 16, 2022 – Maxwell, a mortgage fintech solutions platform for small to midsize lenders, today announced that ICE Mortgage Technology®, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global 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.
Maxwell’s Mortgage Optimization Platform provides America’s local lenders forward-looking technology and solutions for the entire mortgage origination process, from intake of application to the secondary market. Backed by industry expertise, Maxwell’s comprehensive offerings help lenders stay ahead of the competition while improving their workflow and margins. Each day, Maxwell empowers over 300 mortgage lenders, banks, and credit unions to serve tens of thousands of homebuyers a modern lending experience. Lenders on Maxwell close loans 13 days faster and enable their loan officers to close over 15% more loans per month.
Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is built in Denver, Colorado. Since 2017, it has been named one of the most innovative companies in real estate by HousingWire Magazine and recently ranked as the 15th fastest-growing software company in the U.S. on the Inc. 5000 list.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
ICE Mortgage Technology