MAXEX, the first digital mortgage exchange to enable the buying and selling of residential loans through a single clearinghouse, has added Mitchell Johnson as Chief Technology Officer.
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MAXEX, the first digital mortgage exchange to enable the buying and selling of residential loans through a single clearinghouse, has added Mitchell Johnson as Chief Technology Officer. (Photo: Business Wire)
MAXEX continues to achieve record adoption and now has many leading Wall Street investment banks, REITs and insurance companies actively trading on its mortgage exchange. 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. Johnson will play a pivotal role increasing the scale and trajectory of the company’s technology platform to accommodate its rapid growth.
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 NADSAQ company originally backed by Insight Venture Partners. eVestment provides institutional investment data, analytics and market intelligence to public and private market investors. 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. He is a graduate of Georgia Tech and holds an MBA from the Goizueta Business School at Emory University.
Johnson is joining a talented bench of engineers and technology leaders at MAXEX, including Joe Trapani, former Cloud and Data Architect at Revel Systems; Karl Matthews, former eOriginal and Adobe product executive; and Rich Clement, former VP of Technology at Safely, who previously worked with Johnson at eVestment as Principal Architect and is also a Georgia Tech alumni.
“I am thrilled to see that my fellow Georgia Tech alumni have joined MAXEX,” said serial technology entrepreneur and early MAXEX investor Tom Noonan. “Mitchell and Rich are great examples of how world class engineers coming out of Georgia Tech are able to find key leadership roles right here in Atlanta with cutting edge technology companies.”
“MAXEX is an exciting and rapidly-growing fintech company that is uniquely positioned within the largest credit market in the world — the U.S. mortgage loan market,” said Johnson. “MAXEX is solving a series of highly complex and antiquated problems with the way mortgage loans are traded. The company has made amazing progress increasing liquidity in the U.S. housing markets and I am thrilled to join and lead this talented technology team.”
“MAXEX has been fortunate to attract exceptional talent at all levels of our organization as more and more people realize both the complexity and the significance of the problems we are solving,” said Bill Decker, President & COO of MAXEX. “Mitchell shares in the same bold vision and passion for problem solving as the rest of our leadership team and has a proven track record of leading high performing technology organizations across similarly complex businesses.”
MAXEX is the first digital mortgage exchange to enable buying and selling residential loans through a single clearinghouse. We connect bank and non-bank lenders with premier investors including Wall Street banks, real estate investment trusts and insurance companies to enable faster, more efficient liquidity. MAXEX is an Atlanta-based technology company led by mortgage experts and financially backed by leading private equity and capital markets investors. Learn more by visiting www.maxex.com.