MAXEX

Pre-Payment Penalties aren't one-size-fits-all. There are multiple structures, each calculated differently, each with its own terms, state requirements, and documentation standards. When any of those pieces are out of sync, the deal is at risk.

This week, MAXEX is hosting two live sessions dedicated to PPPs, covering how each structure works, what mismatches we see most often, and the best practices to avoid them.

🔵 April 15 — Frontline Focus (LOs, Branch Managers, Support Staff)
🟢 April 16 — Credit & Process (Underwriting, Post-Closing, Deal Desk)

Both sessions also cover market updates, guideline enhancements, and live Q&A.

If your team originates or processes Non-QM or DSCR loans, these are worth an hour of your time.

Register in the comments 👇

"We want to be the Tradeweb 3.0 for the residential loan marketplace."

MAXEX CEO Tom Pearce sat down with HousingWire to explain what this commercial collaboration means for originators and investors and why it's a transformative moment for the market.

Tradeweb commands 80% of the agency MBS market. MAXEX is the trusted exchange for non-agency and non-QM whole loans. Together, originators can now access both on a single platform: agency and non-agency, side by side.

That means direct pricing for ~1,500 smaller originators, access to 3,200 global institutional clients, and faster capital velocity from closing table to investor.

The largest credit market in the world is finally getting the infrastructure it deserves.

🔗 Full interview in HousingWire — link in comments.

Mortgage trading is moving toward a fully electronic marketplace, and MAXEX is driving the shift.

On the Chrisman Podcast, MAXEX Chairman, CEO & Co-Founder Tom Pearce explains how our partnership with Tradeweb is reshaping the U.S. residential mortgage marketplace.

As the first and largest digital exchange and clearinghouse for residential mortgage loans, MAXEX connects hundreds of originators with institutional buyers through a standardized infrastructure. With Tradeweb's technology and global network, we're accelerating the shift to a more digitized, transparent, and liquid market.

The focus:
✔️ Greater liquidity for originators
✔️ More efficient ex*****on
✔️ Expanded access to institutional capital

Listen to Tom share the vision for the future of electronic mortgage trading: https://www2.maxex.com/chrisman-commentary-podcast-feb-20-2026

2-20-26 | Chrisman Commentary Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a sea...

Heading to SFVegas 2026? Our team will be on the ground at the ARIA, and we'd love to connect.

We're excited to talk about MAXEX's strategic investment and commercial partnership with Tradeweb to expand access to the institutional marketplace for U.S. residential mortgages.

Send us a message to schedule time or comment below if you'll be there.

See you in Vegas.

https://www.maxex.com/contact/

The private residential mortgage market is entering a new phase.

MAXEX and Tradeweb have announced a strategic investment and commercial partnership to advance the institutional market for non-agency residential mortgage loans.

By bringing together MAXEX’s centralized digital mortgage exchange and clearinghouse with Tradeweb's global electronic trading network, the collaboration is designed to expand institutional access, enhance liquidity, and improve transparency in one of the largest segments of U.S. private credit.

This is about building durable, institutional-grade market infrastructure for residential private credit.

Learn more:

The Digital Mortgage Exchange | MAXEX MAXEX is the first digital mortgage exchange to enable buying and selling residential loans through a single clearinghouse.

We’re honored to share that MAXEX has been named a 𝟮𝟬𝟮𝟲 𝗧𝗲𝗰𝗵𝟭𝟬𝟬 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘄𝗶𝗻𝗻𝗲𝗿 🏆

This year’s recognition reflects the continued growth of our platform, including expanded Non-QM and DSCR offerings, the addition of a non-delegated option across all products, and deeper integration into the mortgage ecosystem.

Thank you to our team, partners, Buyers, Sellers, and investors who make this progress possible. We’re excited to keep pushing the industry forward in 2026 and beyond.

MAXEX was the largest seller in J.P. Morgan Chase’s $587.6M expanded-credit mortgage-backed security.

Our leading role reflects the strength of MAXEX’s many-to-many mortgage whole loan liquidity network.

✅ A single, scalable clearinghouse
✅ Seamless buyer-seller connectivity
✅ Reduced friction, increased efficiency

We’re building the future of secondary mortgage trading.

🔗 Learn more at maxex.com

📣 Welcome to the team, John Levonick!

We’re excited to announce that John Levonick has joined MAXEX as General Counsel.

John brings 25+ years of legal, regulatory, and technology experience across the financial markets. As a recognized innovator in digital assets and credit market tokenization, his expertise aligns perfectly with MAXEX’s mission to modernize the mortgage secondary market.

His leadership is a key addition as we continue to scale our electronic trading platform—already connecting approximately 400 originators with top-tier institutional buyers and supporting nearly $50 billion in non-Agency lock volume.

“John brings a rare combination of legal skill, technical understanding and practical experience…”
– Thomas (Tom) M. Pearce, Jr., MAXEX CEO, Chairman & Co-Founder

Read the full announcement here:

MAXEX Names John Levonick General Counsel John Levonick, industry expert in digital assets and the tokenization of credit markets has joined MAXEX as General Counsel.