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ProvenPool vs MAXEX

A digital exchange where mortgage lenders sell loans to 35+ institutional buyers under one contract, with daily pricing.

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What it is: Residential mortgage exchange
Built for: Mortgage banks and financial institutions selling residential loans
Loan types: Jumbo, conforming, non-QM and DSCR mortgage
Delivered as: Marketplace and clearinghouse

What MAXEX does well

One contract with 35+ institutional buyers, daily pricing and no monthly minimums
Delegated, non-delegated and bulk channels, including seasoned bulk sales
Standardized guidelines per program and a no-login eligibility checker
Exception requests with compensating factors, resolved in as little as one to two days on the delegated channel
Investor review before purchase on the non-delegated channel

Where it differs from a seller’s needs

Residential mortgage only
The eligibility checker reads one loan's attributes against MAXEX programs, not a whole tape against a specific buyer's criteria
Readiness work before delivery (data fixes, missing documents, concentration) stays with the seller

What ProvenPool does instead

Built for the loans MAXEX doesn't trade: consumer, auto, credit union participations, community bank pools and small business
Every loan and the whole pool tested at once, including documents and concentration limits
Defects routed to the seller's own teams, with an evidence package for whichever buyer or venue is next

When to use MAXEX

Mortgage lenders who want one contract and daily bids from many investors.

When to use ProvenPool

When you’re the seller of a non-mortgage pool and want every loan tested against the buyer’s criteria, every defect routed to the team that clears it, and an evidence package ready before the tape goes out. See all features.

The two names sellers ask about

ProvenPool vs MAXEX vs MIAC Analytics

MAXEX is where mortgage lenders sell loans. MIAC is the advisor and broker who runs a sale for you. ProvenPool is the software your own team uses to get a non-mortgage pool ready before anyone else sees it. They sit at different points in the sale, and ProvenPool works alongside both.

ProvenPool compared with MAXEX and MIAC Analytics
Dimension	ProvenPool	MAXEX	MIAC Analytics
What it is	Loan sale readiness software for the seller	A residential mortgage exchange and clearinghouse	A mortgage analytics firm with a loan sale brokerage desk
Who does the work	The seller's own capital markets and lending ops team	The seller delivers loans; MAXEX and its buyers review and purchase them	MIAC's advisors, on the seller's behalf
Loan types	Consumer, auto, credit union participations, community bank pools, small business	Jumbo, conforming, non-QM and DSCR mortgage	Mortgage and MSRs, plus consumer loans and leases through brokerage
When in the sale	Before the tape goes out, and every month for forward flow	At delivery and purchase of each loan or bulk pool	From tape audit through auction, buyer diligence and settlement
Eligibility testing	Every loan and the whole pool against the buyer's own criteria, with concentration limits	MAXEX program guidelines, a single-loan eligibility checker and exception requests	Tape audit at engagement; configurable review criteria in VeriFi
Loan documents	Required-document check on every loan today; term extraction with design partners	Investor review before purchase on the non-delegated channel	Document classification and collateral inventory reviews
Clearing defects	Each defect routed to loan ops, servicing, post-closing or capital markets	Exception requests to MAXEX and its buyers	Advisors flag issues; the fixes happen at the seller
Pricing and the trade	Not offered: ProvenPool hands the clean pool to whoever runs the trade	Daily pricing from 35+ buyers under one contract	Price modeling, auction management and trade settlement
Using it with ProvenPool	Runs before either one	Little overlap: MAXEX trades mortgage, ProvenPool prepares non-mortgage pools	Clean the tape in ProvenPool first, then hand MIAC a pool with fewer surprises

What it is

ProvenPool: Loan sale readiness software for the seller
MAXEX: A residential mortgage exchange and clearinghouse
MIAC Analytics: A mortgage analytics firm with a loan sale brokerage desk

Who does the work

ProvenPool: The seller's own capital markets and lending ops team
MAXEX: The seller delivers loans; MAXEX and its buyers review and purchase them
MIAC Analytics: MIAC's advisors, on the seller's behalf

Loan types

ProvenPool: Consumer, auto, credit union participations, community bank pools, small business
MAXEX: Jumbo, conforming, non-QM and DSCR mortgage
MIAC Analytics: Mortgage and MSRs, plus consumer loans and leases through brokerage

When in the sale

ProvenPool: Before the tape goes out, and every month for forward flow
MAXEX: At delivery and purchase of each loan or bulk pool
MIAC Analytics: From tape audit through auction, buyer diligence and settlement

Eligibility testing

ProvenPool: Every loan and the whole pool against the buyer's own criteria, with concentration limits
MAXEX: MAXEX program guidelines, a single-loan eligibility checker and exception requests
MIAC Analytics: Tape audit at engagement; configurable review criteria in VeriFi

Loan documents

ProvenPool: Required-document check on every loan today; term extraction with design partners
MAXEX: Investor review before purchase on the non-delegated channel
MIAC Analytics: Document classification and collateral inventory reviews

Clearing defects

ProvenPool: Each defect routed to loan ops, servicing, post-closing or capital markets
MAXEX: Exception requests to MAXEX and its buyers
MIAC Analytics: Advisors flag issues; the fixes happen at the seller

Pricing and the trade

ProvenPool: Not offered: ProvenPool hands the clean pool to whoever runs the trade
MAXEX: Daily pricing from 35+ buyers under one contract
MIAC Analytics: Price modeling, auction management and trade settlement

Using it with ProvenPool

ProvenPool: Runs before either one
MAXEX: Little overlap: MAXEX trades mortgage, ProvenPool prepares non-mortgage pools
MIAC Analytics: Clean the tape in ProvenPool first, then hand MIAC a pool with fewer surprises

From MAXEX’s and MIAC’s public pages, reviewed October 2026. Neither publishes pricing on the pages we reviewed. ProvenPool is not affiliated with or endorsed by either.

Sources

Based on public materials reviewed in October 2026; capabilities change, so check with each vendor. Names of companies and products mentioned here are trademarks of their owners. ProvenPool is not affiliated with or endorsed by any of them.

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ProvenPool is onboarding a small group of design partners: originators with a sale in the next two quarters. You get hands-on setup on a real pool, free. Reach out and we'll set up a 30-minute call.

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