OPTIMAL BLUE MORTGAGE MARKET INDICES – Optimal Blue LAST UPDATED: NOV 16, 2023 OBMMI™ provides the most comprehensive, accurate, timely,. 07% at the end of the month The Optimal Blue Mortgage Market Indices™ or OBMMI™ are uniquely positioned to provide unparalleled transparency into mortgage rates by utilizing observed, real-time lock data from approximately 42% of the market. Black Knight Inc. To win approval from regulators to merge with Intercontinental Exchange (ICE), Black Knight plans to sell 2 businesses to. LendingHUB for all admin related items. | Optimal Blue, a division of Black. Our pre-built Appraisal Bots for Encompass provide automation solutions of Appraisal. 16% the previous week. Besides what was known as Ellie Mae, ICE Mortgage Technology owns Simplifile and MERS. Intercontinental Exchange (ICE) and Black Knight announced Monday they have agreed to sell Black Knight's mortgage pricing platform, Optimal Blue, to a. Participants may also listen via telephone by dialing 833. This week, Intercontinental Exchange (ICE) and Black Knight announced an agreement to sell Black Knight’s Empower loan origination system (LOS) business to Constellation Software, Inc. Auction. #OBProductCorner 7ENCOMPASS MADE EASY WITH CERTIFIED ENCOMPASS MORTGAGE TECHNOLOGY CONSULTANTS We are an ICE Mortgage Technology Premier. 1 billion acquisition of Black Knight, Inc. BBB Directory of Mortgage Banker near Victoria, BC. 78%, climbing 37 basis points (bps) from the end of. 7, 2022 – Black Knight, Inc. | Optimal Blue, a division of Black. (ICE), and its top competitor, Black Knight, Inc. 9, 2023 /PRNewswire/ -- Cloudvirga, a leading provider of digital mortgage point-of-sale platforms, announced today that it has completed final. In May,. | Optimal Blue, a division of Black. | Optimal Blue, LLC, operates the. on Monday announced an agreement to sell Black Knight’s Optimal Blue business to a subsidiary of Constellation Software Inc. ICE had valued the transaction at $85 per Black Knight share. Optimal Blue is a product and pricing engine that enables mortgage originators to quote rates to borrowers and helps them get the best price for the loan in the secondary market. | Optimal Blue, a division of Black. The simple part of the deal is the price: Perseus will pay $200 million in cash and issue a $500. Optimal Blue recognized for its innovative and impactful solutions in the U. The new terms call for approximately $68 in cash and 0. Lion Fire. Optimal Blue. Visit Company Page. 02/27/2023 03:01 PM EST. JACKSONVILLE, Fla. Optimal Blue Financial Services Plano, TX Blend Software Development San Francisco, CA. The number of undocumented Indians in the U. JACKSONVILLE, Fla. | Optimal Blue, LLC, operates the. Company Summary - Optimal Blue, which is a division of Black Knight, continues to be one of the leading mortgage digital. com Black Knight Media Contact: Michelle Kersch michelle. MAXEX integrates into Encompass Investor Connect and delivers daily pricing to EPPS, ICE’s product & pricing engine (PPE). However, Black Knight only. ". Optimal Blue | 10,072 followers on LinkedIn. residential mortgage process, from consumer engagement through loan registration. In 2020, ICE acquired Ellie Mae for $11 billion. "Importantly, Optimal Blue is still fully available to ICE's customers with ICE continuing to capture value through an existing revenue share arrangement for existing and new customers," he said. (2022-09-07 | NYSE:BKI) Optimal Blue, a Division of Black Knight, Adds ICE Mortgage Rate Lock Index Futures to CompassPoint, Leading Hedge Analytics and MSR Valuation Platform. arguing that the market domination gained by ICE via the merger would give too pricing power to one company. Optimal Blue | 10,418 followers on LinkedIn. ’s (ICE) proposed $11. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. 1 trillion of rate locks and processes more than 500 million rate searches annually. A possible sale of Black Knight's product and pricing engine unit Optimal Blue could be the key that unlocks the Intercontinental Exchange transaction, said Ryan Tomasello, an analyst at Keefe, Bruyette & Woods. 1 ICE Mortgage Technology and No. President & Chair -ICE Mortgage Technology, Intercontinental Exchange, Inc. It gives lenders the ability to provide real-time results to potential borrowers. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. S. residential mortgage process, from consumer engagement through loan registration. The third-largest loan origination system provider, Mortgage Cadence, sees an opportunity to pick up business if the merger between No. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. The structure of the proposed transaction includes a payment by. At ICE Mortgage Technology, we are transforming and digitizing the U. Canadian Mortgage Calculators made in BC by Select Mortgage. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. This is the second deal to sell a Black Knight subsidiary to Constellation to address the Federal Trade Commission’s antitrust concerns about ICE’s acquisition of Black Knight. That’s far from a certainty, given the deal's regulatory issues. m. 78. Divestiture contingent on closing of ICE’s acquisition of Black Knight Intercontinental Exchange, Inc. Optimal Blue | 10,942 followers on LinkedIn. 00%, and jumbo loans up to 7. A divesture of Black Knight‘s product and pricing engine unit Optimal Blue is a feasible path to guarantee the merger deal with Intercontinental Exchange Inc. Optimal Blue. But MERS is now getting a competitive threat from Blue Sage Solutions, First American Docutech and Figure Technologies called Digital Asset Registration Technologies. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Fannie Mae. Oct 1999 - Oct 201415 years 1 month. Optimal Blue, founded in 2002, provides not only industry-leading solutions for originators and investors but also an enterprise-level, end-to-end platform that processes more than $750 billion. m. Visit Company Page. The FTC had initially expressed concern that the [email protected] Blue prices and locks 40% of U. com ICE Investor Contact: Katia Gonzalez katia. | Optimal Blue, LLC, operates the. drew closer to Intercontinental Exchange Inc. bradley. 1 billion valuation. | Optimal Blue, a division of Black. Optimal Blue, a division of Black Knight, has released new API capabilities that automate the exchange of data between mortgage brokers using the Loansifter product, pricing and eligibility (PPE. Brad Finkelstein. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue | 11,083 followers on LinkedIn. Senior leadership from Optimal Blue depart Constellation after acquisition. 14% at Mortgage News Daily two weeks ago, was 6. 06 Sep 2023. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. . Share. residential mortgage process, from consumer engagement through loan registration. Optimal Blue, a secondary marketing automation platform provider, announced the release of a new interactive pricing index for the mortgage market. MLO Shift. ICE rival Black Knight made its competing of Optimal Blue Mortgage Market Indices (OBMMI) available on Nasdaq’s Global Index Data Service (GIDS) platform in July 2020. Optimal Blue’s secondary solutions then extend into loan trading with ResiTrader, a loan trading platform which represented $1. Mortgage lenders may be losing control of their LOS options. (NYSE: BKI) today announced that they have entered into an Agreement Containing ConOptimal Blue | 10,974 followers on LinkedIn. Together, we transform, streamline and automate industries to connect our customers to opportunity. m. The mortgage software giant expects to break its 2021 record of $1. In addition to both firms’ decision to sell Empower and Optimal Blue to address antitrust concerns, ICE and Black Knight amended their deal terms to reduce the valuation of Black Knight to $11. So we think we can bring a lot of those. Optimal Blue | 10,660 followers on LinkedIn. EST 2 Min Read. If you’d like to discuss your business goals with one of our secondary marketing. | Optimal Blue, a division of Black. 22% on Wednesday, compared to 7. February 12, 2019, 1:00 pm By Caroline Basile. CompassPoint is offered by Optimal Blue, a leader in end-to-end technology solutions designed specifically for the secondary marketing industry. Doc Solutions in Encompass is a great way to stay in compliance with all state regulations. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. To ensure the success of these divestitures, ICE and Black Knight are required to. Originations Editor, National. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and Black Knight. Let us show you what our integrated technology, data and analytics solutions can do for your business. By contrast, Black Knight’s Optimal Blue PPE is a standalone commercial PPE available on more than a dozen LOS platforms. IRVINE, Calif. View mortgage calculators to find out what you qualify for, compare mortgages, and see what impact. This LOS is especially powerful for large companies,. 25% in the first week of April before finishing at 6. – Sept. (NYSE:BKI) announced today the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, the leading risk management and loan sale platform offered by Optimal Blue, a division of Black Knight. In addition to both firms’ decision to sell Empower and Optimal Blue to address antitrust concerns, ICE and Black Knight amended their deal terms to reduce the valuation of Black Knight to $11. | Optimal Blue, LLC, operates the. A paper issued by Federal Financial Analytics on Feb. “Black Knight’s Optimal Blue is the clear industry leader, serving lenders that originate as much as 40% of the nation’s residential mortgages each year,” the FTC’s petition states. ICE Mortgage Technology President Tim Bowler on mortgage automation . Optimal Blue | 9,931 followers on LinkedIn. ICE and Black Knight will transfer a promissory note used to finance Constellation’s purchase of the Optimal Blue business to a trustee, who will be responsible for selling the note within six. For example, the average 30-year fixed rate for VA loans was 6. Optimal Blue | 10,405 followers on LinkedIn. The Optimal Blue Mortgage Market Indices showed 30-year conforming rates dipping below 6. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year. Optimal Blue | 10,569 followers on LinkedIn. Optimal Blue | 9,866 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. This data is aggregated daily and split in informative and novel ways, covering not only conventional 30- and 15-year fixed. Optimal Blue | 9,926 followers on LinkedIn. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. residential mortgage process, from consumer engagement through loan registration. ICE completed the. Besides a new CEO, the news also. Second to Optimal Blue is its close competitor, ICE's Encompass Product and Pricing Service PPE ("EPPS"), currently available only to lenders who use the Encompass LOS. Getty. Integrated directly with ICE Mortgage Technology software, Clover Connect offers transparent pricing, real-time reporting, next day funding, and other features like secure tokenization. S. Optimal Blue Status Center Home Forums . finkelstein@arizent. residential mortgage process, from consumer engagement through loan registration. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Intercontinental Exchange buys Ellie Mae for $11B. Optimal Blue offers a SaaS marketplace platform connecting mortgage originators and investors. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. S. ICE affirmed that Optimal Blue is still available to its customers, who are the largest consumers of Optimal Blue Solutions. mortgages, provides services to 62% of the top 50 lenders, supports $2. In addition to both firms’ decision to sell Empower and Optimal Blue to address antitrust concerns, ICE and Black Knight amended their deal terms to reduce the valuation of Black Knight to $11. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Flueid. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Optimal Blue. EPPS provides only the most basic functionalities of aggregating and displaying mortgage rate pricing. com. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Share this article. S. 323 percent lower on average than conventional in 2023. Brad Finkelstein. 3%, it bottomed out in April 2023 and is expected to continue rising for August and September 2023, based on Optimal Blue rate lock data. ”) (TSX: CSU) announced today that its Perseus operating group (“Perseus”) completed the acquisition of the Optimal Blue business and the Empower loan origination system (LOS. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. As a group, ICE's customers are the largest consumer of Optimal Blue. [email protected] User. | Optimal Blue, LLC, operates the. That’s why we’re integrated with technology partners across the industry to help you quote and order MI from Enact quickly and securely using your loan origination system. (or the proposed divestiture of Black Knight’s Optimal Blue business or. | Optimal Blue, LLC, operates the. brad-finkelstein-8b2b9a5/. Optimal Blue | 10,318 followers on LinkedIn. 18%, VA at 7. The Optimal Blue PPE's. The Commission voted 3-0 to accept the consent order, according. residential mortgage process, from consumer engagement through loan registration. | Optimal Blue, LLC, operates the. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. 7 to drop a federal lawsuit seeking to block ICE’s acquisition of Black Knight. com (678) 981. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Visit Company Page. (NYSE: ICE) and Black Knight, Inc. S. 2, 2014, and renamed Black Knight Financial Services. ICE Mortgage Technology announced plans to. Jul 17, 2023. | Optimal Blue, LLC, operates the. | Optimal Blue, a division of Black. 18 Jul 2023. May 24, 2022, 11:20 a. 2014: LPS is acquired by Fidelity National Financial on Jan. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. linkedin. ICE Mortgage Technology is a leading cloud-based platform provider for the mortgage finance industry. , a global provider of data, technology and market infrastructure, in connection with its acquisition of Black Knight, has completed the sale of Black Knight’s Optimal Blue and Empower loan origination system (LOS) businesses to the Perseus operating group, a subsidiary of Constellation Software. May 17, 2022. Intercontinental Exchange (ICE) and Black Knight announced Monday they have agreed to sell Black Knight's mortgage pricing platform, Optimal Blue, to a subsidiary of Constellation Software. June 21, 2022, 1:36 pm By David Stevens, CMB. We’ve also received October retail sales (-. S. 72 on Monday, after gaining more than 12% since the deal was announced in May 2022. Shares of Black Knight Inc. Resitrader, one of the largest online loan trading auctions, enables mortgage loan buyers, sellers and their advisors to securely transact in real time, using a simple auction process. – Sept. Regulators fire warning shot over bow of mortgage comparison sites. YoY home price appreciation (HPA) varied significantly among the 60 largest metros. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Under the terms of the proposed order, Black Knight’s Optimal Blue business and Empower business, along with certain related products, will be divested to Constellation Web Solutions Inc. | Optimal Blue, a division of Black. We follow an iterative release cycle, so we have a release about every 3-4 weeks. Get directions. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. ICE, Black Knight agree to sell Optimal Blue in hopes to win merger approval SA News Mon,. | Optimal Blue, a division of Black. A 10-year commercial agreement has been entered into that codifies and extends the two-decade long relationship. ICE Media Contact: Josh King josh. After the Optimal Blue agreement, the FTC agreed Aug. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Thoma Bravo took Ellie Mae private in a $3. Constellation Software handed the keys to Empower, Optimal Blue To satisfy antitrust regulators, ICE divests itself of Black Knight's loan origination and. mortgage data vendor Black Knight will sell its Optimal Blue business for $700 million, shedding a second unit to soothe regulatory concerns over its. So we think we can bring a lot of those. The Federal Trade Commission is seeking a temporary restraining order to block International Exchange Inc. The Federal Trade Commission is expected to challenge the $13 billion takeover of mortgage data company Black Knight by financial services giant Intercontinental Exchange. Loan compliance is easy with the use of Mavent through Encompass. The Commission voted 3-0 to accept the consent order, according. We are committed to making sure our clients and other mortgage professionals up to date on today's leading technology, the latest developments and new stories that feature our company, and the evolving mortgage. Going to Las Vegas for ICE Experience 2022? The Optimal Blue team wants to see you! Our team is passionate about end-to-end, digital mortgage experiences. Optimal Blue | 11,010 followers on LinkedIn. | Optimal Blue, LLC, operates the. | Optimal Blue, a division of Black. LendingTree’s online marketplace connects consumers with multiple lenders, empowering them as they. Optimal Blue, which has a 40% share of product and pricing engine users, is another possible regulatory concern. Navigation is very easy and intuitively obvious to the user. Under. | Optimal Blue, a division of Black. Through advanced, yet turnkey integrations with +70 mortgage technology vendors, we have embedded the power of Optimal Blue inside of whatever. | Optimal Blue, LLC, operates the. mortgage industry and is fully integrated with the CompassPoint platform. 45%, for an average of 6. New innovation actually comes from better integrations, so by creating even more openness within the Black Knight products, we will make it easier for other systems to integrate. Lead QA Analyst. io. By Niket Nishant. 5, and subsequently in separate deals, Intercontinental Exchange had to sell the Empower loan origination system and Optimal. - Informational - Service informational message available - Due to a technical issue, for loans submitted using Encompass Investor Connect on 11/09 and 11/10, if your loan delivery status remains in. National Mortgage Professional, July 17, 2023-David Krechevsky Intercontinental Exchange Inc. On this episode, Editor in Chief Sarah Wheeler talks with reporter Connie Kim about the proposed acquisition of Black Knight by ICE and what Blend ’s earnings. (NYSE: ICE), is the leading cloud-based loan origination platform provider for the mortgage industry. Intercontinental Exchange, Inc. 7, 2022 – Black Knight, Inc. 25% in August, the highest level in more than 20 years, before settling to 7. website maker. S. Visit Company Page. S. 3%. They also announced a Sept. Optimal Blue, a division of Black Knight, delivers powerful solutions for the secondary market. Black Night’s Optimal Blue is sold. BESTX™ Mortgage Insurance Quotes in Optimal Blue Optimal Blue has partnered with all six mortgage insurance (MI) companies to create an easy way to compare MI provider premium quotes for the most common MI types in one step. (NYSE: ICE) and Black Knight, Inc. While ICE’s mortgage technology operations serve business customers, Sprecher said the merged company will be able to provide data that. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. S. Let us help transform your operations to achieve your strategic goals and. “We. 25% mark, the highest level in over 20 years. 8. At ICE Mortgage Technology, we are transforming and digitizing the U. Let us show you what our integrated technology, data and analytics solutions can do for your business. on Monday announced an agreement to sell Black Knight’s Optimal Blue business to a. Exclusive Access to Featured Speakers, Breakout Sessions, and Trainings. MORTGAGE MARKET INDICES – OBMMI The most comprehensive and accurate daily rate indices. (ICE) and Black Knight Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets, today. 41%, with FHA at 7. residential mortgage process, from consumer engagement through loan registration. the FTC said that the merger would push customers to use ICE mortgage services and products. 0. 95% for FHA loans closed in the 30 days ending August 30, 2023, according to Optimal Blue's Mortgage Market Indices. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that, in connection with its acquisition of Black Knight, it has completed the sale of Black Knight’s Optimal Blue and. , September 05, 2023--Intercontinental Exchange, Inc. 07% at the end of the month; Overall rate lock volumes were down for the third consecutive month, falling 1. | Optimal Blue, a division of Black. com uses cookies on this site. | Optimal Blue, a division of Black. Units: Percent, Not Seasonally Adjusted Frequency: Daily Notes: Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. Optimal Blue | 10,109 followers on LinkedIn. Polly. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. In addition to selling Empower and Optimal Blue, FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system. Optimal Blue delivers the industry's leading Product, Pricing and Eligibility (PPE) engine that prices over 40% of locks in the U. Optimal Blue and Loansifter are owned by Black Knight which is currently in the process of an acquisition by ICE Mortgage Technologies to create a huge mortgage and real estate technology marketplace. Optimal Blue | 10,315 followers on LinkedIn. 8 percent from one week earlier, according to data from MBA. | Optimal Blue, LLC, operates the. | Optimal Blue, a division of Black. Share. | Optimal Blue, a division of Black. | Optimal Blue, a division of Black. † ‡ ˆ ‰ Š ‹ Œ Ž ÿÿÿÿÿMOptimal Blue, Dark Matter Technologies, Mortgage Builder, ReverseVision, which is a reverse mortgage LOS and a document storage business called Axacore. Black Knight acquired Optimal Blue, a company providing secondary marketing automation. ICE Mortgage Technology's GAAP operating income fell to $53 million from $86 million in the fourth. MAXEX delivers daily pricing to Optimal Blue, a leading mortgage. How it will impact the Lenders and Servicers:Originally, ICE was paying $85 per share in cash and stock at a $13. The companies said Black Knight will sell Optimal Blue to a subsidiary of Constellation Software Inc. Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. Harness the power of the industry’s most widely used mortgage pricing engine – anytime, anywhere. gonzalez@ice. – July 27, 2020 – Black Knight, Inc. " In particular, the FTC cited competition in product and pricing engines between Black Knight's Optimal Blue and the internal technology embedded in. The Federal Trade Commission is taking action to block the proposed merger between the nation’s largest provider of home mortgage loan origination systems and other key lender software tools, Intercontinental Exchange, Inc. – March 4, 2022 – ICE Mortgage Technology TM, part of Intercontinental Exchange, Inc. (TSX: CSU). The companies declined to answer questions about the revised terms or the asset sale, including whether the reduced compensation was related to. Leading provider of actionable data and secondary marketing technologies to price, lock, hedge and trade mortgages. HEDGING. For Black Knight to sell Optimal Blue to Perseus, Black Knight must be a subsidiary of Intercontinental for the sale to proceed. Together, we transform, streamline and. | Optimal Blue, a division of Black. | Optimal Blue, LLC, operates the. It can be easy to over customize Encompass because of its flexibility. So, in my view ICE paid $13. Optimal Blue is a mortgage automation platform that helps automate pipeline management. According to the mortgage data and analytics company Optimal Blue, VA loan rates have remained . 1 trillion of rate locks and processes more than 500 million rate searches annually. The mortgage tech and service provider announced the acquisition of two companies in January of 2021 alone. The settlement comes after Black Knight agreed to divest a portion of its company, including selling Optimal Blue to Constellation Software for $700 million. Rates are now roughly a quarter point higher than the highs in fall 2022. Recently, Intercontinental Exchange (ICE) announced a plan to acquire Black Knight in a reported $13 billion deal that, if approved by federal. ICE divests Optimal Blue and Empower Loan System to Constellation Software for $700M May 4, 2022 July 17, 2023 September 5, 2023ICE Media Contact: Josh King josh. Comergence by Optimal Blue | 403 followers on LinkedIn. By continuing to use our service, you agree to our use of cookies. A 10-year commercial agreement has been entered into that codifies and extends the two-decade long relationship. --(BUSINESS WIRE)-- Intercontinental Exchange, Inc. OPTIMAL BLUE PPE ATLANTA & NEW YORK & JACKSONVILLE, Fla. Full year 2023 ICE Mortgage Technology (IMT) revenues including the. 09/15/2023 - 08:30 AM . 07% at the end of the monthThe Optimal Blue Mortgage Market Indices™ or OBMMI™ are uniquely positioned to provide unparalleled transparency into mortgage rates by utilizing observed, real-time lock data from approximately 42% of the market. Pros and Cons. MAXEX is an approved seller to Fannie Mae, a government agency that provides liquidity to low- and moderate-income mortgage borrowers.