FintechMagazineMortgage

2019 HW Tech100 winner: MAXEX

Enables the buying and selling of residential mortgages

F1

MAXEX is a financial services technology company that owns and operates the MAXEX digital trading platform, which enables the buying and selling of residential mortgages.

Through the platform, qualified financial institutions can sign a single contract and do business with multiple buyers and sellers anonymously, with MAXEX serving as a single counterparty as well a provider of standardized documents and delivery. MAXEX launched in June 2016 with sponsorship from JPMorgan F1Chase and is currently the fifth largest seller of jumbo loans sold to others in the market. MAXEX provides secondary market settlement with objective loan reviews, life-of-loan surveillance and a dispute resolution process to protect both buyers and sellers. More than $2.6 billion in mortgages have been traded on the platform since 2016.

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