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MAXEX a digital mortgage exchange that allows buying and selling of residential loans through a single clearinghouse, named Mitchell Johnson as the company's chief technology officer. The company previously announced that it had achieved record non-agency trading volume in 2020 and more than tripled its total lock trading volume over the prior year. MAXEX has now exceeded $18 billion in non-agency trading volume as of the end of February 2021. As CTO, Johnson will be responsible for scaling the company’s technology platform to accommodate its rapid growth, according to a press release.
Johnson has more than 25 years of experience in technology, data, product, and mergers and acquisitions including stints at Equifax, Grant Thornton and Delta Air Lines. As CTO, Johnson will lead all aspects of MAXEX’s product strategy, data, security and technology including future development of MAXEX’s digital mortgage exchange and platform. Prior to MAXEX, he was chief technology officer for eVestment, a NASDAQ company originally backed by Insight Venture Partners. eVestment provides institutional investment data, analytics and market intelligence to public and private market investors.
"MAXEX is solving a series of highly complex and antiquated problems with the way mortgage loans are traded," said Johnson.
"Mitchell shares in the same bold vision and passion for problem-solving as the rest of our leadership team and has a proven track records of leading high-performing technology organizations across similarly complex businesses," said Bill Decker, president & chief operating officer of MAXEX.