“What attracted me was that they’re arming smaller institutions – the credit unions and the smaller lenders – with the same technology and access to capital markets, due diligence and quality control that you need to compete with the big boys,” he said, adding that creating a level playing field for smaller companies was paramount.
To achieve that, a firm needed to think out of the box, he explained. “The advantage when you’re in a Fanny, Chase or Wells, is that you can throw 15 lawyers at a problem, and in addition to those 15 lawyers, you can hire the most expensive outside counsel.
“But smaller companies don’t have that luxury, so the way that they compete is (to use) technology like Maxwell’s platform to get ahead of the issue.”
In that respect, the firm is ahead of the game, in his view. “It’s the most efficient platform there is, vis-à-vis, and I’ve seen some of the other platforms out there when I used to work for lenders.”
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