MAXEX First to Enable Originators to Sell Flow Non-QM Loans to Multiple Buyers via a Central, Standardized Exchange

MAXEX, the mortgage exchange, has expanded its non-QM offering to include the industry’s first multi-seller to multi-buyer flow liquidity program for alternative documentation loans.

The growing market for creditworthy borrowers with non-traditional income remains a steady trend amid the past two years of mortgage industry volatility. As more business owners, gig workers and other non-W2 wage earners continue to vie for homes in today’s high cost / low inventory housing market, lenders’ ability to evaluate and serve these borrowers is pivotal to the long-term success of both. However, the lack of standardization and transparency has long been a barrier to broad access to liquidity for this burgeoning segment.

MAXEX is solving this by delivering the first flow loan program to connect mortgage originators with multiple market-leading buyers of alternative documentation loans via a single exchange, using a single contract, single set of guidelines and a standard fulfillment process.

“Borrowers with non-traditional, supplemental or hybrid income are no longer the exception in the home ownership equation, making lending programs that accept alternative documentation a must-have for today’s mortgage lender,” said Brennan Walters, Chief Revenue Officer of MAXEX. “As MAXEX continues to establish itself as the private market counterpart to the GSEs our mission of creating standardization and efficiency naturally expands into lenders that serve these creditworthy non-QM borrowers.”

This new program—MAXEX Non-QM—will enable originators on MAXEX’s exchange to access competitive daily pricing from multiple buyers of fixed and adjustable-rate mortgage loans using bank statements, P&L statements and 1099s to document income. Learn more about the program at The program is expected to be available to originators in Summer of 2023.

MAXEX announced last fall the company’s plans to help fill the market void in non-QM as the industry experienced a liquidity shortfall due to record market volatility. Since then, the company has helped dozens of originators and investors expand their access to trusted liquidity through flow, forward and bulk trading programs. 

Learn more in person by visiting MAXEX at the MBA Secondary and Capital Markets Conference and Expo in New York on May 21-24, 2023 or the IMN Non-QM and Non-Agency Forum in Dana Point, Calif. on June 1-2, 2023.


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