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Maxex

www.maxex.com link_icon

Company Research Report: MAXEX



Company Overview



  • Name: MAXEX, LLC

  • Mission: To revolutionize the secondary mortgage market by challenging traditional norms and bringing standardization, liquidity, and transparency to the credit market.

  • Founded: 2016

  • Founders: Tom Pearce and Bill Decker

  • Key People:

  • Tom Pearce: Co-Founder, Chairman, and CEO

  • Bill Decker: Co-Founder and President

  • Daniel Wallace: Chief Operating Officer

  • Brennan Walters: Chief Revenue Officer

  • Headquarters: Atlanta, GA

  • Number of Employees: No information is available

  • Revenue: No information is available

  • What the Company is Known For: MAXEX is known for being the first and only digital mortgage exchange that enables efficient buying and selling of residential mortgage loans through a centralized clearinghouse, providing a standardized trading process.


Products



MAXEX offers a broad suite of loan programs, primarily serving the secondary mortgage market by connecting mortgage originators and buyers through a digital exchange platform.

Product Offerings



  • JUMBO: Large loan programs with traditional and AUS underwriting options.

  • Key Features: High liquidity provision and connect to premier mortgage buyers.


  • CONFORMING: Standard mortgage loans that meet specific guidelines.

  • Key Features: Streamlined trading and high market trust.


  • NON-QM: Non-Qualified Mortgage loans designed for non-traditional income earners; includes multi-seller to multi-buyer flow liquidity program.

  • Key Features: Alternative documentation (bank statements, P&L statements, 1099s) and access to competitive pricing.


  • DSCR: Debt Service Coverage Ratio program offering advanced liquidity management.

  • Key Features: Supports flow, forward, and bulk trading services.


Recent Developments



Strategic Developments


  • New Leadership:

  • Daniel Wallace joined as Chief Operating Officer: Brings expertise in technology and mortgage finance to drive technological and strategic initiatives to diversify revenues and accelerate growth.


Program Expansion


  • Non-QM Offering Expansion:

  • Introduced the industry’s first multi-seller to multi-buyer flow liquidity program for alternative documentation loans (announced May 16, 2023).


  • New Partnerships:

  • Partnership with South Street Securities Holdings and Atlas Merchant Capital (June 26, 2023): Strengthens liquidity in the U.S. mortgage secondary market. Includes equity investment and capital support leveraging South Street’s strong financial backing.


Recognitions and Achievements


  • Industry Recognition: Ranked among the industry’s best consistently since its inception; featured in HousingWire Tech100.


Conclusion



MAXEX, leveraging its digital exchange platform, is addressing critical inefficiencies in the secondary mortgage market by standardizing the loan trading process and broadening access to liquidity. The company's innovative approach and strategic partnerships position it strongly to lead significant transformations across mortgage trading systems, ensuring enhanced efficiency and transparency for diverse market participants.