MAXEX operates a multi-seller to multi-buyer residential mortgage exchange for the benefit of the tens of thousands of institutions nationwide that buy and sell residential mortgage loans in the secondary mortgage market. MAXEX has developed the technology and infrastructure to revolutionize the antiquated mortgage market, providing an integrated solution for secondary market access.
To date, MAXEX has facilitated over $4 billion in loan trades and has contributed to twenty seven securitizations. MAXEX is rapidly onboarding new buyers, sellers, and products as it rolls its solution out nationwide.
How It Works
The Big Picture
MAXEX’s standardized legal documents, independent loan audits, independent dispute resolution process, and backstop mechanism together enhance the value of mortgage assets that trade on the exchange and relieve exchange participants of many of the concerns they face today. Counterparty indifference allows for anonymous two-way trading on MAXEX, enabling all sellers to receive best execution pricing for their loans, regardless of their size, transaction volume, or perceived counterparty risk. By efficiently connecting the originator of the mortgage (the seller) directly with the end investor of the loan (the buyer), MAXEX further improves execution for both buyers and sellers.