{"id":70062,"date":"2021-03-25T07:00:40","date_gmt":"2021-03-25T11:00:40","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=70062"},"modified":"2021-03-24T17:27:10","modified_gmt":"2021-03-24T21:27:10","slug":"the-mortgage-collaboratives-emerging-technology-fund-announces-investment-in-maxwell","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/the-mortgage-collaboratives-emerging-technology-fund-announces-investment-in-maxwell\/","title":{"rendered":"The Mortgage Collaborative’s Emerging Technology Fund Announces Investment in Maxwell"},"content":{"rendered":"

SAN DIEGO, Calif., March 25, 2021 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s largest independent cooperative network in the mortgage industry, announced today the first investment of its recently launched TMC Emerging Technology Fund LP (\u201cTMC Fund\u201d). The venture capital program is funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.<\/p>\n

\"The<\/em><\/p>\n

The investment is a participation in Maxwell\u2019s Series B Preferred Share financing which was led by Fin Venture Capital and TTV Capital. TMC\u2019s Executive Chairman, Jim Park, remarked that TMC was fortunate to be invited into this over-subscribed round because of Maxwell\u2019s recognition of the potential strategic value TMC\u2019s Emerging Tech Fund could bring to Maxwell, in addition to its financial investment.<\/p>\n

\u201cMore than the financial investment, we\u2019re looking forward to the strategic value the TMC Emerging Tech Fund\u2019s limited partners will add to Maxwell as the mortgage industry evolves,\u201d said John Paasonen, Co-founder and CEO of Maxwell. \u201cTheir investment has brought forward-looking mortgage companies around the table who will accelerate the impact our solutions will have in the market.\u201d<\/p>\n

There are several TMC Lender Members that are finding new ways to participate in the \u2018Power of the Network\u2019 through TMC\u2019s Tech Fund, including Owen Lee, Co-owner of Success Mortgage Partners. \u201cWhat I find so unique about being a limited partner in TMC\u2019s Emerging Tech Fund, is the opportunity to control my own investment dollars,\u201d said Lee. \u201cMaybe more importantly, since the future-state of the mortgage industry will include more technology and not less, this role helps me stay educated and prepared as a business operator for what is coming next in our industry.\u201d<\/p>\n

The Fund Manager of the TMC Fund, Sandy Selman from Asia West Inc., commented: \u201cThis transaction is a terrific foundational investment for the TMC Fund because of the demonstrated commercial success of Maxwell, the high caliber of their management team, and the quality and breadth of the syndicate. It puts us on the map and creates the strategic context for our deal pipeline well into 2021. We look forward to working with the Maxwell team to help them realize their commercial goals.\u201d<\/p>\n

TMC\u2019s Emerging Technology Fund is actively looking at investment opportunities that will result in higher profitability and business process improvements for TMC members.<\/p>\n

About The Mortgage Collaborative<\/strong><\/p>\n

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nations\u2019 largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders throughout the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit www.mortgagecollaborative.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN DIEGO, Calif., March 25, 2021 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative, the nation’s largest independent cooperative network in the mortgage industry, announced today the first investment of its recently launched TMC Emerging Technology Fund LP (“TMC Fund”).<\/p>\n","protected":false},"author":67,"featured_media":29188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,10,38,575,78],"tags":[205,15721,15720,15722],"class_list":["post-70062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-california-news","category-finance-news","category-investment-news","category-san-diego-news","tag-depthpr","tag-fin-venture-capital","tag-tmc-emerging-technology-fund-lp","tag-ttv-capital","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":4050,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/70062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=70062"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/70062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/29188"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=70062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=70062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=70062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}