Pricing exceptions are widespread in mortgage — and so are the regulatory risks

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2023 HW Vanguard: Rutul Davé

Rutul Davé

Rutul Davé is the co-founder and chief technology officer of Maxwell. He’s on a mission to serve the small and midsize lenders that originate over 70% of America’s mortgage loans. Davé spearheads the development of solutions that help lending teams utilize state-of-the-art technology infrastructure that eliminates costs, offsets risk and increases access to more diverse capital, providing a crucial edge in the current economic environment. Davé’s career has spanned over two decades in successful, venture-backed startups and he channels that deep experience into his current role at Maxwell. He leads a team of 25 developers and guides his team to build industry-leading tools and solutions for the over 400 lenders on Maxwell’s platform. His technological innovations empower lenders to combat the current market, helping lending teams close 15% more loans per month 13 days faster, with a 10% reduction in loan resubmissions. Davé spearheads the development of solutions that to date have facilitated over $230 billion in loan volume for over 400 lenders serving more than 720,000 borrowers. The technology created under Davé’s leadership has helped lenders to drive meaningful efficiency and reach untapped markets, creating new opportunities for profitability. In the face of a rapidly changing mortgage market, Davé has worked hard to position Maxwell as a stronger partner to its clients and empowers his team of engineers to think creatively about solving some of the industry’s biggest challenges, from accessibility to affordability. This dedication shows in Maxwell’s own success trajectory.

What’s the best advice you’ve ever received?

Be consistent in action. The consistency of your endeavors, in exercise, companionship and work, is more important than the quantity. Nothing beats small things done every day. Those small actions are far more impactful than what you do occasionally. Consistently making progress, moving forward, even if it’s a small step every day, leads to big outcomes due to the power of compounding. Consistency and discipline is how I do everything—whether that’s building technology, financial investing or working on my fitness.

Name:

Rutul Davé

Title:

Co-Founder and Chief Technology Officer

Company Name:

Maxwell

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

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