Maxex, LLC

Maxex, LLC is a digital mortgage exchange that enhances liquidity and profitability in the mortgage market, facilitating transactions between originators and buyers seamlessly. Founded in 2013 and headquartered in Atlanta, US, Maxex, LLC operates as a digital mortgage exchange that streamlines transactions in the mortgage market. The company has executed a total of 6 deals, with the most recent occurring on June 26, 2023, during a funding round of USD 38. 00 mn led by Moore Capital Management - Private Equity.

The founders include Steve Wilhoit, Thomas Pearce, and William Decker, with Thomas Pearce currently serving as CEO. Maxex operates a digital mortgage exchange that enhances liquidity and profitability for both buyers and sellers in the mortgage market. The core offering facilitates transactions between mortgage originators and active buyers through a single counterparty, significantly streamlining the mortgage trading process. This platform provides access to a comprehensive suite of non-Agency programs, including delegated and non-delegated options for diverse borrower needs such as jumbo, conforming, and non-QM loans.

Services cater to financial institutions, mortgage banks, and securitizers, enabling efficient sourcing of high-quality loans across the United States, addressing challenges of liquidity, standardization, and transparency in the secondary mortgage market. Maxex generates revenue through transaction fees and partnerships within its digital mortgage exchange model, fostering a dynamic trading environment for mortgage assets. Transactions typically involve sellers, such as mortgage originators, offering loans to a pool of buyers that includes institutional investors and securitizers, creating a competitive bidding landscape. This structure allows clients to reduce acquisition costs while enhancing loan liquidity.

Maxex's offerings are specifically geared toward high-quality loan programs, which may include unique services tailored to the needs of non-owner occupied and business purpose loans. In June 2023, Maxex, LLC raised USD 38. 00 mn in venture funding, co-led by new investors Atlas Merchant Capital and South Street Securities Holdings Inc. The company plans to utilize this funding to grow its business and expand its market reach.

While specific new products and market expansion plans have not been disclosed, the funding will support initiatives aimed at enhancing their service offerings and geographic presence.