MAXEX has appointed Maloch Spivey (right) and Steven R. Valladares (left) to the company’s management team. According to a press release, the additions were made because MAXEX wants to expand its digital mortgage exchange.
Spivey joins MAXEX as Managing Director for Loan Operations and Transaction Management. In this role, he will lead operational delivery across the entire transaction lifecycle. Prior to joining MAXEX, Spivey was Senior Vice President, Correspondent Lending at Wells Fargo. His 17 year career has included a number of senior positions at Wells Fargo at every stage of the lending process.
Valladares, CMB joins MAXEX as Managing Director – Head of Sales. In this role, he will lead the expansion of the company’s seller distribution 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.”
MAXEX was founded in 2016 as a liquidity provider for a growing number of bank and non-bank mortgage lenders and as a source of high quality non-agency credit for many of the most active institutional investors in the industry. 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 it had exceeded an unregulated lock trade volume of $ 13 billion and more than tripled its total volume from the previous year.