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MAXEX hired Maloch Spivey (right) and Steven R. Valladares (left) to the company's management team. The additions were made as MAXEX looks to grow its digital mortgage exchange, according to a press release.
Spivey joins MAXEX as managing director of Loan Operations and Transaction Management. In this role, he will lead operational delivery across the transaction lifecycle. Prior to joining MAXEX, Spivey was a senior vice president of Correspondent Lending for Wells Fargo. His 17-year career spans a number of leadership roles at Wells Fargo across every stage of the loan operations process.
Valladares, CMB joins MAXEX as managing director – head of sales. In this role, he will lead the expansion of the company’s seller sales and account management infrastructure. Prior to MAXEX, Valladares was vice president of National Lender Development for Wells Fargo. His 33-year career includes senior sales and operations roles at mortgage industry leaders including Fannie Mae, Triad Guaranty Insurance Corp. and SunTrust.
"As MAXEX accelerates its rapid expansion, we are proud to continually attract world-class talent to our entrepreneurial team," said Tom Pearce, Chairman and CEO of MAXEX. "Maloch and Steven each embody the values that have driven our success and will play critical roles as we reach our next chapter of growth."
MAXEX was launched in 2016 as a liquidity provider for a growing number of bank and non-bank mortgage lenders and a source of quality non-agency loans for many of the industry’s most active institutional investors, according to the release. The company was recently approved as a direct seller to Fannie Mae and Freddie Mac. To date, more than 170 lenders and 19 of the industry’s most active mortgage loan investors have been approved to buy and sell loans with MAXEX. In December 2020, the company announced that it had exceeded $13 billion in non-agency lock trading volume, and more than tripled its total volume over the prior year.