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MAXEX Exceeds $13 Billion in Non-Agency Lock Trading Volume
By
Staff
4 months ago
Rapidly growing mortgage exchange more than doubles non-agency volume in first 11 calendar months of 2020 despite the ongoing COVID-19 pandemic
ATLANTA–(BUSINESS WIRE)–$JPM#mortgage–MAXEX today announced that lock trading volume in non-agency mortgages on its digital exchange has exceeded $13 billion, more than double its total volume over the previous three years.
MAXEX, which was launched in 2016, has become a preferred liquidity provider for a growing number of bank and non-bank mortgage lenders and a source of quality loans for many of the industry’s leading institutional investors. To date more than 150 lenders and 19 of the industry’s most active investors have been approved to buy and sell loans with MAXEX. The company announced that it had exceeded $5 billion in lock trading volume at the end of 2019. It more than doubled its jumbo loan volumes in the first 11 months of 2020 de