The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

How demographics shaped the housing market in 2021

The U.S. housing market entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us.

@properties CEOs talk company growth and franchising

In this episode of HousingWire Daily, Mike Golden and Thad Wong from @properties discuss the future for the company including its nationwide franchising plans as it expands.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Awards

2020 HW Vanguard: Thomas Pearce

MAXEX, CEO and Chairman of the Board

Pearce-Thomas-2020-Vanguard
Thomas Pearce, CEO and Chairman of the Board, MAXEX

Thomas Pearce has lived at the center of the secondary mortgage market’s buyer-seller dynamic for more than 30 years. 

His experiences led him to an intimate understanding of the root causes of the 2008 housing crisis, and how to solve it. With this knowledge, he became one of the original founders of MAXEX. Pearce and his team grew MAXEX to its present-day scale. 

To date, the company has raised more than $90 million from industry participants and has helped more than 130 buyers and sellers achieve approximately $8 billion in lock trading volume. 

In the past 12 months, MAXEX has achieved record volumes as trading volume more than doubled in the second half of 2019 compared to the first half of the year, executed multiple bulk transactions exceeding $1 billion for top-25 financial institutions and partnered with Ellie Mae to further expand speed of liquidity and secondary market access. 

Most importantly, however, MAXEX continued to provide liquidity and stability as the non-agency mortgage market rapidly deteriorated during the COVID-19 financial crisis. Under Pearce’s leadership, MAXEX ensured that buyers remained in the market, providing liquidity and honoring commitments. 

Outside of MAXEX, Pearce is also cofounder, president and chairman of FACT Relief, a non-profit organization dedicated to supporting families battling debilitating or terminal disease, as well as other catastrophic life events, that may impact the household’s ability to provide for their family. FACT Relief has distributed $1 million in uninsured healthcare costs and granted $100,000-plus to families with minimal financial support.

What’s the best advice you’ve ever received?
The limitations of our success are between our ears. Have a big vision and execute.

Most Popular Articles

Treasury removes restrictions on investment properties

The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

Sep 14, 2021 By
3d rendering of a row of luxury townhouses along a street

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