MAXEX
MAXEX provides a digital mortgage exchange platform for buying and selling residential mortgage loans, offering a range of services including Flow Loan Trading, Seasoned Loan Trading, and Bid Tape Trading.
Digital Mortgage Exchange Platform
MAXEX provides a digital mortgage exchange platform designed for the buying and selling of residential mortgage loans. This system facilitates various types of loan trades including Flow Loan Trading, Seasoned Loan Trading, and Bid Tape Trading. The platform is structured to offer liquidity for different loan programs such as Jumbo, Conforming, Non-QM, and DSCR loans, thereby catering to a wide array of market needs.
Single Counterparty Model
MAXEX implements a single counterparty model, which is advantageous for reducing friction and legal costs associated with loan trading. This model allows mortgage originators to access multiple buyers through a single contract and set of guidelines, streamlining the entire trading process. This approach simplifies transaction management and enhances efficiency in the mortgage loan trading market.
Expanded Market Liquidity
Through partnerships with South Street Securities Holdings and Atlas Merchant Capital, MAXEX works to expand liquidity in the mortgage market. These collaborations help MAXEX to enhance its offerings and support a more fluid and accessible market for mortgage loans. The platform also includes loans in more than 100 private-label mortgage-backed securities (PLMBS) transactions, which further contributes to market liquidity.
Specific Loan Programs and Offerings
MAXEX provides a variety of specialized loan programs tailored to different types of borrowers. This includes a DSCR loan program aimed at real estate investors who focus on property cash flow, along with ESG lending programs that support green energy initiatives and underserved communities. Additionally, MAXEX offers a program called MAXEX Opportunity, which provides preferred pricing for minority, women, and veteran-owned lenders.
Turnkey Transaction Management
MAXEX offers turnkey transaction management services for both bulk and forward trading of loans. These services include a fully-managed diligence process, underwriting, and loan audits to ensure the integrity and accuracy of loan purchases. The company also provides competitive daily pricing and liquidity, making it easier for sellers to find buyers and close transactions efficiently.