MAXEX Accelerates Secondary Market Liquidity with Ellie Mae Encompass Investor Connect Integration

ATLANTA—MAXEX, the first digital mortgage exchange to enable buying and selling residential loans through a single clearinghouse, has completed a strategic integration with Ellie Mae Encompass Investor Connect™. For the first time ever, Ellie Mae originators seeking to optimize their liquidity options can deliver data and documents directly to MAXEX without ever leaving Encompass.

MAXEX, which recently reached $5 billion in trading volume, connects bank and non-bank mortgage lenders to market-leading investors, including Wall Street dealers, money center banks, and the largest U.S. real estate investment trusts (REITs). To date, more than 120 lenders and investors have embraced MAXEX’s one counterparty, one contract, one digital exchange model to achieve faster, more efficient liquidity. This new integration further increases speed and efficiency by enabling seamless document transfer within Encompass.

“Just as borrowers expect a seamless experience from their lenders, originators should expect a fast, consistent and transparent path to liquidity,” said William Decker, President of MAXEX. “By partnering with an industry leader such as Ellie Mae, we can further build on MAXEX’s value proposition for lenders.”

“Ellie Mae is proud to partner with MAXEX to create unprecedented connectivity between originators and secondary market liquidity,” said Parvesh Sahi, Senior Vice President of Business Development for Ellie Mae. “This new integration is a big step forward for delivering a true digital mortgage experience to the industry and enabling greater efficiency for the entire ecosystem.”


Share on linkedin
Share on facebook
Share on twitter

More News

MAXEX Maloch Spivey was named one of the top operations leaders in the mortgage industry.

Read More »

MAXEX has continued to expand the number of liquidity options available for mortgage lenders impacted by changes to the GSE cap for non-owner occupied (NOO) and second home loans.

Read More »

MAXEX has added former Penny Mac executive Brennan Walters as Chief Revenue Officer.

Read More »

MAXEX has added global structured finance leader Lesley Goldwasser to the company’s board of directors.

Read More »

Need to speak to us right away? Give us a call. (888) 838-8664