
MAX Exchange Stock
Exchange and clearing house for mortgage loans
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About MAX Exchange Stock
MAX is an exchange and clearing house for the purchase and sale of residential mortgage loans. The MAX Exchange connects qualified buyers and sellers of mortgage loans by providing standardized rules and regulations, independent loan reviews, ongoing loan and servicing surveillance, and a dispute resolution process. Both buyers and sellers agree to be governed by the Exchange Rules which include standardized loan product guidelines and loan sale terms, including a common set of representations and warranties and a pre-settlement review of the loan by MAX. This independent loan review aims to protect both the seller and buyer, and decrease the risk of a defective loan entering the secondary mortgage market. Additionally, all Exchange Participants agree to settle disputes through MAX’s internally administered Dispute Resolution Process – an independent arbitration process designed to expedite a resolution of any claim, discourage frivolous claims, and provide an alternative to protracted litigation and arbitration proceedings.
Funding History
December 2013 | $7.4M |
---|---|
September 2015 | $0 |
September 2018 | $38.0M |
Management
Original Founder
Craig Hess
CEO & Chairman
Thomas Pearce
Original Founder
Thomas D. Casey
Managing Partner
Stephen C. Wilhoit
President & COO
William Decker
Press
housingwire - Jun, 27 2023
MAXEX lands equity investment, partnership to expand liquidityhousingwire - Sep, 29 2022
MAXEX seeks to capitalize on expanding non-QM markethousingwire - May, 5 2022
MAXEX extends loan-trading reach with DSCR programfintechfutures - Jul, 29 2021
MAXEX Provides Liquidity for Non-Owner Occupied and Second Home Loansow - Jul, 20 2021
MAXEX Adds Brennan Walters as Chief Revenue Officerow - Jul, 6 2021
MAXEX Adds Lesley Goldwasser to Board of Directorsdlvr - Jun, 23 2021
Digital Mortgage Exchange MAXEX Lands Investment From JPMorgandlvr - Jun, 22 2021
J.P. Morgan backs digital mortgage exchange MAXEXlivemint - Sep, 9 2020
MCX exchange scales 12-year peak for silver deliveryEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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