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MAXEX Snapshot
Launched in 2016, MAXEX’s digital exchange solves these challenges by providing a central clearinghouse for lenders, banks and investors to buy and sell loans using a standardized trading process. This makes the mortgage process more efficient, more transparent and less risky. And with the lessons learned from the financial crisis, the U.S. mortgage industry is welcoming the change. “It would have been really hard, pre-financial crisis, to get this done because everyone was making so much money with their own little private channels,” says Tom Pearce, Co-Founder, Chairman, and CEO. “It took a tsunami to hit for people to start realizing they didn’t want to be on the hook for that again.”
