MAXEX
MAXEX is the first digital mortgage exchange providing a single-counterparty clearinghouse for U.S. residential loan trading, connecting approximately 400 mortgage lenders with 35-plus institutional investors via standardized contracts and competitive multi-buyer settlement.
- Company typePrivate
- Founded2016
- HeadquartersAtlanta, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What MAXEX does
MAXEX operates the first digital mortgage exchange for U.S. residential loans, structured as a multi-seller, multi-buyer marketplace with a single-counterparty clearinghouse model. The platform connects approximately 400 mortgage lenders (banks, non-banks, and financial institutions) on the sell side with more than three dozen institutional investors — including J.P. Morgan, Morgan Stanley, Goldman Sachs, Citibank, Bank of America, and Arch Capital — on the buy side. Through standardized trading contracts and a single legal agreement for all participants, MAXEX eliminates the bespoke counterparty relationships that have historically fragmented the secondary mortgage market, while three-times-weekly multi-buyer settlement events reduce warehouse dwell time and operational cost.
The company's core technology is the LoanExchange platform, a cloud-based exchange featuring anonymous competitive pricing, API integrations with major loan origination systems (notably Ellie Mae/ICE Mortgage Technology Encompass), and automated document transfer via DocMagic. Product surface spans Jumbo Express, Non-QM, DSCR, Conforming, ESG programs (Opportunity, Sustainable), Bulk Trading, Forward Trading, and Daily Flow Trading, delivered through Delegated, Non-Delegated, and Bulk channels. Insurance-backed capital was added in 2026 as a structural complement to bank and hedge fund buyers.
MAXEX generates revenue primarily through transaction and marketplace fees on loan trades facilitated through the exchange, supplemented by clearing and settlement services for which it serves as central counterparty. Pricing is quote-based via competitive bidding rather than fixed tiers. The company has raised over $90 million in cumulative capital across funding rounds led by AGNC Ventures (Series B, May 2019), J.P. Morgan (strategic investment, June 2021), South Street Securities Holdings and Atlas Merchant Capital (June 2023), and Tradeweb Markets (convertible preferred, February 2026).
MAXEX firmographics
Firmographics- Name
- MAXEX
- Legal name
- MAXEX, LLC
- Website
- https://maxex.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MAXEX is the first digital mortgage exchange providing a single-counterparty clearinghouse for U.S. residential loan trading, connecting approximately 400 mortgage lenders with 35-plus institutional investors via standardized contracts and competitive multi-buyer settlement.
- Ownership category
- akta.pro rank
MAXEX industry classification
Industry- Product category
- Secondary Mortgage Market Trading Platform
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)
- akta.pro primary industry
- Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)
- akta.pro secondary industries
- Non-Agency (Jumbo/Non-QM) Mortgage Servicing (FSALAEAB), Loan Servicing & Special Servicing (Delinquency Management) (FSAKAJAG)
Keywords
Where MAXEX is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MAXEX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction/Marketplace Fees: MAXEX charges transaction fees for facilitating loan trades between sellers and buyers on its exchange platform. The platform enables competitive bidding from 35+ institutional buyers, with the company serving as single counterparty to reduce friction costs and operational overhead for participants.
- Clearinghouse Services: Revenue generated from clearing and settlement services as the central counterparty for each transaction, providing counterparty risk management and trade execution services.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
MAXEX product offering
Product offeringCore offering
MAXEX operates LoanExchange, a cloud-based digital mortgage exchange that functions as a single counterparty clearinghouse for buying and selling U.S. residential mortgage loans between approximately 400 mortgage lenders (sellers) and more than 35 institutional investors (buyers). All participants agree to one standardized legal trading contract, eliminating the need for bespoke counterparty agreements, and the platform runs multi-buyer competitive bidding events with three-times-weekly settlements. The company also offers a suite of loan programs (Jumbo Express, Non-QM, DSCR, Conforming, Agency-Eligible) and ESG loan programs (Opportunity, Sustainable) executed through delegated, non-delegated, and bulk channels.
Product overview
MAXEX is a digital mortgage exchange platform for U.S. residential mortgage loans, operating as a multi-seller, multi-buyer exchange with a single counterparty model. The core platform is LoanExchange, which provides standardized contracts, transparent pricing, and automated workflows connecting approximately 400 mortgage lenders to 35+ institutional investors. The product portfolio includes loan programs (Jumbo Express, Non-QM Select 5, Non-QM, Non-QM Non-Delegated, DSCR Select 5, DSCR, DSCR Non-Delegated, Conforming), ESG programs (MAXEX Opportunity, MAXEX Opportunity Express, MAXEX Sustainable, MAXEX Sustainable Express), and services (Bulk Trading Services, Forward Trading, Daily Flow Trading). Execution channels include Delegated, Non-Delegated, and Bulk channels. The platform recently expanded through a strategic partnership with Tradeweb Markets connecting their 3,000+ clients to MAXEX's network.
Differentiator
Problem solved
Functional benefit
Brands
- MAXEX Opportunity: Market-leading jumbo loan program with improved pricing for minority, women, and veteran-owned lenders, part of ESG lending initiatives.
- MAXEX Opportunity Express
- MAXEX Sustainable
- MAXEX Sustainable Express
- Jumbo Express
- MAXEX Non-QM Select 5
- MAXEX DSCR
Products and services
- LoanExchange Cloud-based digital mortgage exchange platform acting as a central counterparty clearinghouse where mortgage lender originators and institutional investors can buy and sell residential loans through standardized contracts, anonymous pricing, and multi-buyer competitive bidding.
- Jumbo Express Jumbo loan program enabling originators to expand jumbo business by leveraging Fannie Mae DU and Freddie Mac LPA underwriting systems for loans from $510,401 to $1,500,000.
- Non-QM Non-Qualified Mortgage program providing liquidity for creditworthy borrowers with full doc, alt doc, and interest-only options, covering loans that do not meet agency guidelines.
- Non-QM Select 5 Premium Non-QM program combining 1- and 2-year full doc, personal/business bank statements, 1099, P&L, and asset depletion underwriting with enhanced features including lower FICO requirements and higher loan limits up to $3.5M.
- Non-QM Non-Delegated Non-QM execution channel with additional credit oversight through investor review prior to loan purchase, providing flexibility for non-owner occupied, second home, and high balance loans.
- DSCR (Debt Service Coverage Ratio) Program providing liquidity for business-purpose loans, enabling investors to qualify based on rental income and property cash flow rather than borrower personal income.
- DSCR Select 5 Premium Debt Service Coverage Ratio program for experienced investors purchasing or refinancing business-purpose investment properties, combining DSCR underwriting with Select 5 enhancements.
- DSCR Non-Delegated DSCR underwriting channel with additional credit oversight through investor review prior to loan purchase for business-purpose investment properties.
- Conforming Conforming loan program providing additional flexibility for non-owner occupied, second home, and high balance loans that meet agency eligibility requirements.
- MAXEX Opportunity ESG lending program offering preferred jumbo loan pricing for qualified minority, women, and veteran-owned mortgage lenders, developed in collaboration with J.P. Morgan.
- MAXEX Opportunity Express ESG lending program combining MAXEX Opportunity pricing benefits with reduced manual underwriting by leveraging Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Prospector Advisor results.
- MAXEX Sustainable Green energy mortgage program offering preferred pricing on 30-year fully amortized loans for homes with renewable energy improvements (solar panels, geothermal units), amortizable at purchase or refinance.
- MAXEX Sustainable Express Green energy mortgage program with reduced manual underwriting via AUS engines, enabling homeowners to finance solar panels and geothermal units into their mortgage balance.
- Bulk Trading Services Mortgage bulk loan trading service enabling sellers to sell closed loans to one or more institutional buyers in a single transaction, providing access to broker dealers, REITs, asset managers, credit funds, insurance companies, and banks.
- Forward Trading Forward commitment service enabling institutions to sell loan pools at a future date, providing liquidity and price certainty for pending loan production.
- Daily Flow Trading Daily liquidity service providing a single set of guidelines on whole loans with consistent execution through MAXEX's multi-buyer, multi-seller exchange.
- Delegated Channel Execution pathway for lenders with established underwriting capabilities, offering greater control, faster execution, and streamlined loan delivery.
- Non-Delegated Channel Execution pathway for lenders seeking additional credit oversight and support through investor review prior to loan purchase.
- Bulk Channel Execution pathway for institutions looking to efficiently buy or sell larger pools of loans to optimize liquidity and portfolio strategy.
Quantifiable outcome
- Maximum warehouse dwell reduced from 12 days to approximately 3 days with three-times-weekly settlement cadence
- +4 more outcomes
Companies that use MAXEX
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
MAXEX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
MAXEX partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Tradeweb Markets Inc.flagshipStrategic investment and commercial collaboration to expand institutional access to the U.S. residential mortgage market. Tradeweb invested in MAXEX through convertible preferred stock and will connect its network of 3,000+ clients to MAXEX's network of ~400 mortgage lenders and 35+ institutional investors. MAXEX appointed Troy Dixon (Tradeweb) and Marc Simpson (JPMorgan) as new board members. The partnership extends Tradeweb's mortgage business beyond agency MBS into private residential credit.
- J.P. Morgan (ESG Program)coreCollaboration on ESG lending programs (MAXEX Opportunity and MAXEX Opportunity Express) to support minority, women, and veteran-owned mortgage lenders. J.P. Morgan purchases and securitizes qualifying ESG loans, providing liquidity and better access to home mortgages in underserved markets.
- Ellie MaecoreStrategic integration enabling seamless connectivity between MAXEX and Ellie Mae's Encompass Investor Connect platform. For the first time, Ellie Mae originators can deliver data and documents directly to MAXEX without leaving Encompass, enabling faster and more efficient liquidity.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
MAXEX competitors and assessment
Company assessmentDirect peers
- Optimal Blue: Optimal Blue operates a mortgage pricing engine and exchange-like distribution network between lenders and capital markets. It is the most direct comp to MAXEX's secondary-market execution model, with a heavier tilt toward rate-sheet and lock-price aggregation for wholesale lenders.
- Polly: Polly provides mortgage capital-markets technology, including rate-sheet aggregation, lock-desk workflows, and secondary-market execution. Its capital-markets automation directly overlaps with MAXEX's pricing intelligence and multi-buyer execution for non-agency loans.
Broad incumbents
- ICE Mortgage Technology (Ellie Mae Encompass): ICE Mortgage Technology operates the dominant U.S. loan origination system (Encompass) and Investor Connect routing. MAXEX is a current integration partner; ICE is the natural incumbent competitor that could internalize secondary-market execution over time.
- Black Knight (now part of ICE): Black Knight provides a wide suite of mortgage technology, including origination, servicing, and capital-markets tools used across the secondary market. As an incumbent with broader portfolio reach, it represents the closest scaled competitor to MAXEX's exchange model.
- Tradeweb Markets: Tradeweb operates one of the largest institutional electronic trading marketplaces for fixed income, derivatives, and ETFs. It is now a strategic investor and commercial partner of MAXEX, with overlapping electronic-execution capabilities extending into U.S. residential private credit.
- MarketAxess: MarketAxess is the leading electronic trading platform for institutional credit, operating all-to-all trading networks. While focused on corporate bonds, its electronic-marketplace model is structurally analogous to MAXEX's mortgage exchange and relevant for institutional-buyer relationships.
Emerging players
- Mortgage Cadence (an Accenture company): Mortgage Cadence provides digital loan-origination and capital-markets technology for mortgage lenders, including end-to-end LOS and investor delivery workflows. It competes with portions of MAXEX's pipeline automation and seller connectivity.
- SimpleNexus (now nCino): SimpleNexus, now part of nCino, provides digital point-of-sale and mortgage-origination tools for lenders. It addresses adjacent parts of the mortgage-tech stack but increasingly competes with MAXEX's integrated seller workflow ambitions.
- Cloudvirga: Cloudvirga provides digital mortgage POS and borrower-engagement technology for lenders and partners. As a digital mortgage-rail provider, it competes in the lender-experience layer feeding MAXEX's secondary-market exchange.
Others
- Liquidnet (Tradeweb-owned): Liquidnet operates institutional block-trading networks across asset classes and is owned by Tradeweb. It is a comparable electronic-trading infrastructure peer for institutional block execution, relevant to MAXEX's bulk-trading and forward-trading services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
MAXEX social profiles
Digital presenceMAXEX financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAXEX leadership team
Management profileNumber of profiles
Profiles7 records
MAXEX funding detail
Funding detailFunding overview
Funding rounds8 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAXEX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAXEX
What does MAXEX do?
MAXEX operates LoanExchange, a cloud-based digital mortgage exchange that functions as a single counterparty clearinghouse for buying and selling U.S. residential mortgage loans between approximately 400 mortgage lenders (sellers) and more than 35 institutional investors (buyers). All participants agree to one standardized legal trading contract, eliminating the need for bespoke counterparty agreements, and the platform runs multi-buyer competitive bidding events with three-times-weekly settlements. The company also offers a suite of loan programs (Jumbo Express, Non-QM, DSCR, Conforming, Agency-Eligible) and ESG loan programs (Opportunity, Sustainable) executed through delegated, non-delegated, and bulk channels.
Is MAXEX a public or private company?
MAXEX is a private company. It is classified as venture growth investor backed and is currently operating.
When was MAXEX founded?
MAXEX was founded in 2016. It employs 51 to 100 people.
Where is MAXEX based?
MAXEX is headquartered in Atlanta, United States, in the North America region.
How does MAXEX make money?
Two revenue lines are on record. Transaction/Marketplace Fees are the primary driver. The others are clearinghouse Services.
Who are MAXEX's main competitors?
Direct peers on record are Optimal Blue and Polly. Broad incumbents are ICE Mortgage Technology (Ellie Mae Encompass), Black Knight (now part of ICE), Tradeweb Markets and MarketAxess. Emerging players are Mortgage Cadence (an Accenture company), SimpleNexus (now nCino) and Cloudvirga. Liquidnet (Tradeweb-owned) is listed as an others.
Does MAXEX have an API?
No public API is recorded for MAXEX.
What industry is MAXEX in?
MAXEX's product category is Secondary Mortgage Market Trading Platform. Its primary akta.pro industry code is FSAGAHAE, Pricing, Risk-Based Offer & Limit Management, with a secondary code of FSALAEAB, Non-Agency (Jumbo/Non-QM) Mortgage Servicing. Its NAICS code is 52231 and its SIC code is 6162.