Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.


2020 Tech Trendsetter: John Paasonen

Maxwell, Cofounder and CEO

John Paasonen, Cofounder and CEO, Maxwell

John Paasonen is the cofounder and CEO of digital mortgage tech platform Maxwell. Through his leadership, Maxwell facilitates more than $6 billion in loans on the platform every month, helping hundreds of lenders close loans more than 45% faster than the national average. He cares deeply about the small to midsize community lenders, arming them with the best technology and access to the best solutions to not only compete, but win against larger players. Paasonen’s impact is seen every day in the work of Maxwell’s more than 150 employees. Paasonen is committed to opening homeownership to more people through simple and accessible mortgage lending, Paasonen continually challenges the role technology can have in empowering the lending team to improve their operations, rather than using this technology to replace them. Paasonen drives the strategic direction of the business and its product vision to empower the more than 200 community lenders that use Maxwell today as their digital platform. By aligning the team on a north star and clear metrics, the engineering and product team work harmoniously together to deliver disruptive feature releases that solve problems, not just check boxes. Most recently, John spearheaded the launch of the Maxwell Fulfillment Platform, which enables small and midsize lenders to access onshore processing, underwriting, and closing services, powered by proprietary technology, at a low cost. 

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The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

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3d rendering of a row of luxury townhouses along a street

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