Digital Mortgage Platform Maxwell Lands $16.3M in Funding

Maxwell, a digital platform serving small to mid-size mortgage originators, has raised $16.3 million that it plans to use for product development, market penetration and hiring. So reports Crowdfund Insider.

Launched in 2016, the company says it uses artificial intelligence to speed up and simplify the mortgage process for community lenders and home buyers.

“With this latest round of funding, we will deliberately and rigorously invest in the future we initially set out to pursue five years ago: a better, more efficient mortgage experience for community lenders and their borrowers,” Maxwell co-founder and CEO John Paasonen wrote on the company’s website.

Read the full article from Crowdfund Insider.