Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

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.

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3d rendering of a row of luxury townhouses along a street

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