Mortgage software provider Maxwell has released a new disclosure management platform that enables borrowers to securely access, review and sign loan disclosure documents directly within the Maxwell platform.
Maxwell partnered with Docutech to develop the new disclosure platform. The goal was to create a seamless borrower experience while expediting disclosure collection for lenders.
Maxwell says its digital mortgage platform delivers an unparalleled user experience that reduces complexity and accelerates time-to-close.
“While digital mortgage technology has vastly improved the mortgage experience in recent years, disclosures have long remained a detractor for borrowers in an otherwise streamlined lending experience,” says Lindsay Hunt, head of product at Maxwell, in a release. “We’re thrilled to continually to remove complexity for borrowers and the lending teams they work with every day.”
With the release of the disclosures platform, lenders using Maxwell can deliver to borrowers the ability to review and sign disclosures from their computer, tablet or smartphone.
Maxwell made news in September when it introduced ApplyID, a new API that is used to aggregate borrower information and auto-populate the 1003, thus reducing the time it takes to complete a mortgage application.