Wells Fargo-backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. The financial terms of the transaction have not been disclosed.
The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell’s secondary market trading platform and brings hundreds of new clients to the company’s other solutions. That is Maxwell’s first M&A deal since its inception in 2015, and the company has an appetite for more.
John Paasonen, Maxwell’s CEO and co-founder, said conversations between the company and the sellers started last fall.
“We started talking about details ⇒
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