John Paasonen is the co-founder and CEO of Maxwell, a digital mortgage point-of-sale platform that helps lenders gain efficiency and improve borrower experience. He has a B.A. in international business and an MBA from Duke University’s Fuqua School of Business.
It's a tough time for lenders. Origination costs are up, pricing is challenging and volumes are moderating. A recent Fannie Mae study revealed most lenders view increased competition as the biggest reason for margin compression. As the market continues to fragment, one key to margin expansion and beating the competition lies in improving the borrower journey. Here’s how you can do it.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.