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

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

2019 Rising Star: ​​​​​​​John Paasonen

Co-Founder and CEO, Maxwell

F1

John Paasonen is the co-founder and CEO of Maxwell, where he leads a VC-backed fintech team that serves over 140 mortgage lenders nationwide.

Under his leadership, Maxwell has facilitated over $20 billion in mortgage volume, more than tripling the company’s size every year. Prior to Maxwell, Paasonen spent six years leading various partnerships and businesses at American Express, resulting in a 75% increase of the company’s Net Promoter Score. Additionally, Paasonon is the co-founder of Excellence in Giving, one of the nation’s first philanthropic advisory rms. Since launching in 2003, EIG has facilitated over $300 million in charitable gifts from generous families and foundations.

F1WHAT IS ONE THING YOU HAD TO OVERCOME TO SUCCEED IN THIS INDUSTRY?
“We started Maxwell as borrowers who were frustrated with the experience of getting a mortgage. While I’ve spent my career in consumer credit and fintech, I was a newbie to the mortgage industry. But what started as a disadvantage ultimately became a critical component of Maxwell’s success. Very early on, I had to exhibit a high degree of empathy for loan officers, processors, underwriters and mortgage leaders because I didn’t have a deep understanding of their work. We spoke to well over 1,000 mortgage professionals before launching our software. We brought packs of Red Bull and sat side-by-side with a number of mortgage professionals to deeply understand their pain points.”

Most Popular Articles

Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

Jul 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please