Mortgage trading and exchange firm MAXEX adds COO to its executive team

MAXEX, a residential mortgage loan trading platform and exchange company, has announced that Erik Anderson has joined its executive team as chief operating officer.

As COO, Anderson is tasked with leading the company’s day-to-day business operations and managing its growth initiatives. MAXEX said Anderson’s 15 years of industry experience would boost the company’s efforts in enhancing its process of buying and selling residential loans on the secondary market.

“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, chairman and chief executive officer 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.”

Before joining MAXEX, Anderson was president and chief executive officer of Sourcepoint, a provider of mortgage services. He also held executive roles at mortgage fintech firm ISGN through a company split and transaction to Firstsource.

“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,” Anderson said. “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.”

Since its inception in 2013, MAXEX has traded over $4 billion in loans to date, which have been securitized across 26 private-label MBS transactions. The company enables buyers and sellers to cut costs and transact with multiple parties by serving as a single, centralized counterparty with a standardized contract for both buyers and sellers.