ATLANTA--(BUSINESS WIRE)--MAXEX announced Erik Anderson as its Chief Operating Officer to lead day-to-day business operations and manage continued company growth. MAXEX is a residential mortgage loan trading platform and exchange company.
With more than 15 years of proven industry experience in sales, operations, legal and senior management, Anderson joins MAXEX to further the company’s mission to create an easier, more efficient way to buy and sell residential loans on the secondary market. Anderson previously served as President & CEO of Sourcepoint. During his tenure as CEO, he scaled the company from 800 employees to over 3,500 employees across eight offices and three countries and developed an entire suite of new products and services. Prior to that role, Anderson co-led the venture backed ISGN through a company split and transaction to Firstsource. Anderson started his career as an attorney with Skadden, Arps, Slate, Meagher & Flom LLP practicing corporate law and M&A.
“Erik’s dynamic experience in high-growth environments is critical to our mission of expanding the MAXEX platform to even more buyers and sellers,” said Tom Pearce , CEO & Chairman of MAXEX. “His vast understanding of the mortgage and lending market, combined with his experience in senior leadership, will help MAXEX expand its capabilities and service offerings.”
MAXEX operates a multi-seller to multi-buyer residential mortgage exchange and has traded over $4 billion in loans to date, which have been securitized across 26 private label MBS transactions. Most Wall Street dealers who trade mortgage loans are actively trading on the platform or in the process of being onboarded, in addition to a number of the U.S.’s largest insurance companies, REITs and money managers. The company acts as a single, centralized counter party with a standardized contract for both buyers and sellers, allowing each to save on costs and easily transact with multiple parties.
“Marketplaces around the world and across industries are being revolutionized through technology enabling new business models, and we believe the time is right to bring simplification, standardization and a better experience to the secondary market,” said Anderson. “MAXEX’s proprietary technology and trading platform help buyers and sellers maximize the value of their asset and create a seamless, more efficient loan buying and selling experience.”
MAXEX, LLC, a residential mortgage loan trading platform and exchange company, reinvents the secondary mortgage market by eliminating the inefficiencies, fragmentation and limited market access that have traditionally hampered it. Based in Atlanta, Georgia, MAXEX is managed by a team of seasoned executives with extensive capital markets and secondary mortgage market expertise. For more information, visit www.MAXEX.com.