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MAXEX AND J.P.
MORGAN EXPAND
ACCESS TO LOW-
COST CAPITAL
FOR GREEN
ENERGY HOME
IMPROVEMENTS
MAXEX, the first digital mortgage
exchange to enable the buying and selling
of residential loans through a single
clearinghouse, announced the launch of
two new lending programs to support the
growth of green energy home improvements.
e programs, developed in collaboration
with J.P. Morgan, further expand MAXEX's
new Environmental, Social, and Corporate
Governance (ESG) business line.
"MAXEX is passionate about leveling
the playing field for Main Street banks by
using our rapidly-growing digital exchange
to deliver low-cost capital that drives social
impact," said Tom Pearce, Chairman and
CEO of MAXEX. "ese ESG programs
fill a significant void in the mortgage market
by increasing incentives for green energy
improvements."
MAXEX's ESG programs for green
energy home improvements are available
for loan amounts ranging from $400,000 to
$3,000,000 and include:
» MAXEX Sustainable: Includes preferred
pricing on fully amortized 30-year
mortgage loans, which can be passed on
to borrowers in the form of discounted
interest rates. Residential solar panels and
geothermal units can be amortized in the
loan either at purchase or refinance.
» MAXEX Sustainable Express: Includes
the same benefits as MAXEX Sustainable,
along with the ability to reduce manual
underwriting by leveraging certain results
from Fannie Mae's Desktop Underwriter®
and Freddie Mac's Loan Prospector
Advisor.
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