The Digital Mortgage Platform Empowering the Rise of Community Lenders

From the beginning, co-founder and CEO John Paasonen has been clear about digital mortgage platform Maxwell’s mission: to make mortgages simpler and more accessible. Since channeling his frustrations with the mortgage borrowing process into co-founding Maxwell in 2015, Paasonen has been busy honing a technology-powered platform meant to delight borrowers with a streamlined experience for lenders. Maxwell […]

Now is a Great Time to Refinance Your Home! Here Are 5 Reasons Why

Home refinancing surged in 2020. Consider that one analysis showed a roughly 200% increase in the cumulative dollar value of refinances in the second quarter compared to that of Q2 2019. Why the boom? And, is this something you’re missing out on? Low interest rates, driven by the Federal Reserve, the central banking system of the United […]

Why Lenders Should Text Their Prospects

HousingWire recently spoke with Verse founder and CEO David Tal about the lead conversion gap and how Verse is helping lenders engage and nurture leads. HousingWire: What’s causing the gap between sales and marketing? David Tal: The massive gap between sales and marketing is caused by a number of factors and challenges faced by marketing and […]

Beware of Gloom and Doom Housing Market Headlines

With Halloween in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election. I’m talking about housing market crash headlines. The housing data has been wild this year. We’ve seen waterfall declines and parabolic rebounds. These dramatic peaks and valleys have fed the […]

Pending Home Sale Fell in September, but Annual Gain is the Important Metric

Today the National Association of Realtors reported pending home sales are up 20.5% year over year — and that is the only headline that you should care about. This is one more data point showing that housing data has gone wild to the upside, so we should expect some downward moderation in the month-to-month data. Similarly, the recent […]

Existing Home Sales Surge 9.4% in September

Sales of existing homes took off in September, jumping 9.4% from August to a seasonally adjusted annual rate of 6.54 million, the National Association of Realtors said in a report on Thursday. Compared to a year ago, sales are up 20.9%. “Home sales traditionally taper off toward the end of the year, but in September they surged beyond what […]

Mortgage Rates Hit Another Record Low this Week

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September. The average fixed rate for a 15-year mortgage was […]