Home Real Estate Fintech Maxwell launches POS function that gives tailor-made workflows for lenders

Fintech Maxwell launches POS function that gives tailor-made workflows for lenders

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Fintech Maxwell launches POS function that gives tailor-made workflows for lenders

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Wells Fargo-backed mortgage fintech Maxwell rolled out a point-of-sale (POS) function that gives tailor-made workflows and integrations.

The Blueprint Builder options greater than 60 third-party integrations, permitting lending groups to attach with different items of their workflow, from credit score and verifications to pricing and disclosures.

Lenders can select to combine and configure many third-party companies similar to verification of asset, verification of employment/verification of earnings, e-signing and e-closing.

Lenders can even outline workflows and enterprise guidelines for any mortgage product, together with development loans, manufactured dwelling loans, dwelling fairness loans and bridge loans. 

With Blueprint Builder, triggers and enterprise guidelines might be configured to align the borrower expertise to operations processes (similar to credit score score-based guidelines), and to assist a number of enterprise items or channels, together with retail, direct-to-consumer and wholesale. 

Not like off-the-shelf POS options, Blueprint Builder permits lenders to customise expertise that’s designed to assist enhance operations, Maxwell famous.

“Mortgage lending is advanced, and lots of processes sit outdoors the established boundaries of off-the-shelf point-of-sale merchandise,” John Paasonen, co-founder and CEO at Maxwell, mentioned in a press release.

“Within the present setting, a inflexible, static expertise stack can show deadly. Maxwell’s Blueprint Builder gives first-of-its-kind configurability, permitting lenders to adapt their digital expertise to the workflows that they know work greatest throughout all their merchandise and channels with out hiring builders.”

Since launching in 2016, Maxwell has used expertise to streamline and speed up the mortgage course of for greater than 300 banks, credit score unions and different lenders on its platform.

The Denver-based fintech made its first mergers and acquisition (M&A) deal in Might 2023 when it acquired mortgage options supplier LenderSelect. With the deal, Maxwell expanded its secondary market platform so as to add greater than 180 shoppers. 

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