ATLANTA--(BUSINESS WIRE)--Nov 12, 2024--
MAXEX, the first and only digital exchange for trading residential mortgage loans through a single, centralized clearinghouse, today announced the appointment of Daniel Wallace as Chief Operating Officer.
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Daniel Wallace joins MAXEX as Chief Operating Officer (Phoro: Business Wire)
"Dan Wallace is exceptionally well qualified to help lead MAXEX as COO during this exciting phase of our company’s growth,” said Bill Decker, President and Co-Founder of MAXEX. “Dan’s unique expertise positions him at the intersection of technology, asset management, and mortgage finance, perfectly aligning with our vision for the future. Dan has led some of the industry’s most impactful platforms, and his leadership will further strengthen our team’s ability to deliver on our vision.”
Wallace joins MAXEX with over 30 years of experience as an accomplished operator, entrepreneur, and investor, recognized for building large-scale, technology-driven platforms in mortgage, asset management and capital markets. Previously, he served as General Manager of Lending at Figure Technologies, a digital lender leveraging blockchain technology, where he played a pivotal role in building Figure into the largest non-bank originator of HELOCs.
Most recently, Wallace served as CEO of Haven Servicing, a financial technology company focused on enhancing engagement among mortgage servicers, originators, borrowers, and investors. MAXEX and Haven will continue to collaborate on opportunities to expand Haven’s digital technology in the marketplace. Wallace’s career also includes leading and scaling successful platforms as CEO of FirstKey Mortgage a Cerberus Capital Management portfolio company; Co-Founder and Managing Partner at Capital Crossing; and Managing Director at Lehman Brothers.
“MAXEX has built a trusted and unique ecosystem, connecting over 340 mortgage originators and more than 30 prominent loan buyers through advanced technology to make the secondary mortgage market more efficient and accessible,” said Wallace. “The U.S. mortgage market is the world's largest credit market. However, due to its complexity, mortgages had never been successfully traded on a centralized exchange before MAXEX. I’m excited to join the MAXEX leadership team at this critical growth stage.”
MAXEX CEO, Chairman, and Co-Founder Tom Pearce said, “While the broader mortgage market has remained flat or declined over the past year, MAXEX has continued to gain market share. Dan is a proven leader who brings invaluable expertise across the technology and mortgage finance ecosystem, which will enhance our leadership team and drive greater innovation and execution. His alignment with our long-term vision for an accessible, centralized mortgage market utility underscores our unique market position.”
MAXEX launched its platform in 2016 to simplify the trading of non-agency mortgage loans, providing lenders and investors with streamlined access to liquidity. Today, MAXEX serves a robust network of over 340 originators and more than 30 top-tier institutional investors, having facilitated over $37 billion in transactions. The platform has supported approximately 185 private label securitizations and continues to expand its suite of non-Agency products and technology solutions to eliminate many of the friction points faced by mortgage originators and loan investors alike.
About MAXEX
MAXEX is the first digital mortgage exchange to enable buying and selling residential loans through a single clearinghouse. The company connects a growing network of over 340 bank and non-bank lenders with premier investors including Wall Street banks, alternative credit funds, insurance companies and REITs to enable faster, more efficient liquidity. MAXEX is an Atlanta-based fintech company led by mortgage experts and financially backed by leading private equity and capital markets investors, which include JP Morgan, Atlas Merchant Capital, Moore Capital Management and AGNC. Learn more by visiting www.maxex.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241112898830/en/
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE CONSTRUCTION & PROPERTY FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FINTECH RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: MAXEX
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PUB: 11/12/2024 08:29 AM/DISC: 11/12/2024 08:29 AM
http://www.businesswire.com/news/home/20241112898830/en
