MAXEX expands the management team to include mortgage industry veterans Maloch Spivey and Steven R. Valladaresres
ATLANTA–(BUSINESS WIRE) – MAXEX today announced the addition of Maloch Spivey and Steven R. Valladares to the company’s management team to support the next phase of growth in its digital mortgage exchange.
Maloch Spivey joins MAXEX as Managing Director of Loan Operations and Transaction Management, where he will lead operational processing throughout the entire transaction lifecycle. Prior to joining MAXEX, Spivey was Senior Vice President of Correspondent Lending at Wells Fargo. His 17 year career includes a number of senior positions at Wells Fargo at every stage of the lending process.
Steven R. Valladares, CMB comes to MAXEX as Managing Director – Head of Sales, where he will lead the expansion of the company’s sales, sales and account management infrastructure. Prior to MAXEX, Valladares was Vice President of National Lender Development at Wells Fargo. His 33 year career has included senior sales and operations roles with leading mortgage actors such as Fannie Mae, Triad Guaranty Insurance Corp. and SunTrust.
“As MAXEX accelerates its rapid expansion, we pride ourselves on continuously attracting world-class talent to our entrepreneurial team,” said Tom Pearce, Chairman and CEO of MAXEX. “Maloch and Steven each embody the values that drove our success and will play a critical role as we reach our next growth chapter.”
Founded in 2016, MAXEX has quickly become a preferred liquidity provider to a growing number of bank and non-bank mortgage lenders and a source of high quality, unsolicited credit for many of the industry’s most active institutional investors. In addition, the company was recently approved as a direct seller of Fannie Mae and Freddie Mac. To date, more than 170 lenders and 19 of the most active mortgage loan investors in the industry have been approved to buy and sell loans with MAXEX. In December 2020 the company announced that unregulated lockdowns exceeded $ 13 billion in trading volume, and has more than tripled its total volume compared to the previous year. In January 2021, the company also set a new monthly trade record.
MAXEX is the first digital mortgage exchange that enables home loans to be bought and sold through a single clearing house. We connect bank and non-bank lenders with leading investors such as Wall Street banks, real estate funds and insurance companies to enable faster, more efficient liquidity. MAXEX is an Atlanta-based technology company led by mortgage professionals and funded by leading private equity and capital markets investors. Learn more at www.maxex.com.